Business
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.
4.6 Million Jobs Needed In Transportation Sector Over Next Decade, Report Says
Transportation sector employers, including those in the trucking industry, will need to hire and train more than 4.6 million workers to address market needs, employment turnover and retirements over a period from 2012 to 2022, a federal report unveiled Aug. 24 found.
Wabco Wins New Business in China
Commercial component manufacturer Wabco announced several long-term supply agreements with JMCH, a truck manufacturer based in China that is expanding into the heavy-duty segment.
August 24, 2015US Motorists Drive Record 1.54 Trillion Miles in First Half of Year
U.S. motorists drove a record 1.54 trillion miles in the first half of 2015, beating the previous high of 1.5 trillion set in June 2007, according to new estimates released by the Federal Highway Administration.
Con-way Freight Workers Reject Teamsters at Oregon Terminal
Con-way Inc. said the company defeated the Teamsters union's effort to organize workers at its Freight facility in Portland, Oregon, marking the latest defeat of labor organizing efforts at the less-than-truckload carrier.
August 24, 2015Daimler Cutting 1,500 Truck Jobs in Brazil as Demand Plunges
Daimler AG is eliminating 1,500 jobs at its Brazilian truckmaking division as demand for commercial vehicles in the country shows no sign of recovery.
CRST Petitions for HOS Exemption Allowing Drivers to Use Split Sleeper Berth Time
CRST Expedited Inc. has asked federal regulators to grant some of the company’s drivers an hours-of-service exemption that would allow them to use split sleeper berth time to satisfy federally required off-duty periods.
Gasoline Falls to $2.7073 a Gallon in Lundberg Survey
The average price for regular gasoline at U.S. pumps fell 0.35 cent in the past two weeks to $2.7073 a gallon, according to Lundberg Survey Inc.
The Top 100 List: 2015 Private Carriers Rankings
Here is the 2015 Transport Topics Top 100 list of private carriers. Companies are ranked by tractors. Data are provided directly by companies or by the U.S. Department of Transportation.
August 24, 2015Opinion: Exit Planning for Family-Owned Businesses
Exit planning in trucking is unique for a variety of reasons. Add a family-owned business to the mix and things get complicated, especially in the current transaction market.
August 24, 2015Editorial: Saluting the Nation’s Finest Drivers
One week ago in this space, we focused on how rapidly in-cab technologies and active safety systems are maturing and gaining in popularity. Many of the demonstrations and test drives that we at Transport Topics have the opportunity to participate in are nothing short of remarkable. The long-term economic benefits for truckers are clear, and the overall improvement in highway safety is obvious.
August 24, 2015