Business

About Business News...

Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

Business, Fuel

Truck Sales Dip in January

U.S. retail sales of Class 8 vehicles nearly reached 16,000 in January, but analysts said the anticipated softening in demand has taken hold.

Roger Gilroy | Senior Reporter
February 22, 2016
Letters to the Editor, Business

Letters: Restart, Deregulate HOS

Federal agencies and the trucking industry both recognize the health and welfare of commercial motor vehicle drivers is imperative to protecting public safety. But as you would expect, there is disagreement over the means to achieve this end.

February 22, 2016
Perspective, Business

Opinion: Reinvest Fuel Budget Surplus for Quality

Just when we thought the price of oil couldn’t slide any further, here we are. As I write this, crude oil prices have fallen below $30 per barrel for the first time since 2003 — dropping 40% from six months ago. Few imagined that prices would be where they are to start the new year. And even fewer (fuel hedgers aside) budgeted so.

February 22, 2016
Editorial, Business

Editorial: The Number 1 Returns

Modern American business is a blizzard of numbers. If you can’t measure it, you can’t manage it, the business school mantra goes.    

February 22, 2016
Business, Technology

Social Media, Big Data Are Influential Tools for Recruitment, Retention of Truck Drivers

NASHVILLE, Tenn. — Enhanced social media presence and expanded use of big data analytics are two critical tactics for carriers seeking to solve the ongoing problem of the driver shortage, experts at a conference here on recruitment and retention said last week.

Eugene Mulero | Senior Reporter
February 22, 2016
Business

Mack Named Official NASCAR Hauler, Gives Circuit 11 Customized Sleepers

DAYTONA BEACH, Fla. — Mack Trucks has become the new official hauler of NASCAR, providing a fleet of custom-designed vehicles to transport the sport’s equipment and technology to racetracks across the country.

Neil Abt | Editorial Director
February 22, 2016
Business, Safety, Autonomous

Joyce Named ATA’s New Top Lobbyist

Veteran lobbyist Mike Joyce has joined American Trucking Associations as senior vice president of legislative affairs. He has more than 20 years of experience in public affairs, much of it in trucking.

David Elfin | Staff Reporter
February 22, 2016
Business, Fuel

Diesel Average Tumbles Below $2 for First Time Since February 2005

The national average retail price of diesel fuel fell below $2 a gallon, passing yet another long-standing threshold after setting an 11-year low the previous week, the Department of Energy reported.

Roger Gilroy | Senior Reporter
February 22, 2016
Government, Business

More States Consider Tolls to Finance Infrastructure

Rhode Island’s bold move to build the nation’s first truck-only tolls is far from the only action contemplated on the tolling front among the 50 states.

David Elfin | Staff Reporter
February 22, 2016
Business

Better Roads Could Help Fleets Keep Drivers by Improving Productivity, ATA’s Costello Says

NASHVILLE, Tenn. — Federal officials should focus more on efforts to reduce traffic congestion along the country’s main roadways, a move that would help retain drivers across the trucking industry, American Trucking Associations Chief Economist Bob Costello said.

Eugene Mulero | Senior Reporter
February 22, 2016