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, Government

Gasoline Prices Rise for First Time Since June

The average price of regular gasoline at U.S. pumps rose for the first time since June, climbing 12.72 cents during the past two weeks to $2.1963 a gallon, according to Lundberg Survey Inc.

Jessica Summers | Bloomberg News
February 9, 2015
Business

Werner to Adopt Spireon’s Trailer-Tracking Technology

Truckload carrier Werner Enterprises will adopt Spireon Inc.’s FleetLocate trailer-tracking technology after a one-year pilot, the companies said.

February 9, 2015
Business

Penske Taps Trucking Executive Richard Shearing to Lead Commercial-Vehicle Business

Penske Automotive Group said Feb. 9 it has hired trucking executive Richard Shearing to be president of its newly formed Penske Commercial Vehicles US business.

Michael G. Malloy | Web Editor
February 9, 2015
Business

Hub International Acquires Alexander in Trucking Insurance Deal

Insurance firm Hub International Ltd. has acquired Alexander Insurance Agency, a San Antonio-based insurance brokerage for the commercial towing and transportation industries.

February 9, 2015
Business, Equipment

Aljex, Logistical Labs Offer Product Integration

Aljex Software and Logistical Labs said they are partnering to integrate Aljex’s operations software for freight brokers, third-party logistics providers and carriers with Logistical Labs’ freight-market pricing platform, LoadDex.

February 9, 2015
Business, Equipment

Yale to Launch New Engines for Lift Trucks

Lift-truck manufacturer Yale Materials Handling Corp. said it is launching a new line of industrial engines from Power Solutions International Inc. for its 3,000- to 7,000-pound Classes 4 and 5 trucks.

February 9, 2015
Business

Smith Transport Sold to Employees

Trucking firm Smith Transport said it has transferred ownership of the company to its employees through an employee stock ownership plan.

February 9, 2015
Business, Technology

ACS Advertising Sold, Becomes Conversion Interactive Agency

Kelley Walkup and Joanne Hazelwood said they have purchased ACS Advertising, an agency specializing in driver recruitment and retention, from document-management provider Pegasus TransTech.

February 9, 2015
Business, Equipment

Fleets Slow to Adopt 6x2 Axles

Are the 6x2 axle configuration’s fuel savings and reduced weight worth its traction issues, greater tire wear and the difficulties that are always involved with change — especially with diesel prices declining?

February 9, 2015
Business, Safety, Autonomous

Crash Death Rate Declines

Large trucks traveled nearly 6 billion more miles on U.S. roads in 2013 than in 2012, and did so with greater safety results, according to American Trucking Associations’ calculations of federal data.

February 9, 2015