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.
Diesel Falls 2.3¢ to Two-Year Low $3.778
Diesel dropped 2.3 cents to $3.778 a gallon, the lowest national average price in more than two years, the Department of Energy reported Sept. 22.
TMW Systems Vows Emphasis on Customers
NASHVILLE, Tenn. — Officials of trucking software vendor TMW Systems outlined on Sept. 22 a wide variety of steps, including corporate restructuring and acquisitions that the company has made, to smooth internal operations and user experiences.
Union Pacific President: ‘Modest Improvement’ in Fixing Intermodal Delays
LONG BEACH, Calif. – Union Pacific Railroad President Lance Fritz said the railroad is making “modest incremental improvement” to correct delays that have hurt intermodal service levels.
Indiana Toll Road Seeks Bankruptcy as Traffic Declines
The operator of the Indiana Toll Road, owned by affiliates of Macquarie Group Ltd. and Ferrovial SA, sought bankruptcy protection with a creditor-supported restructuring plan after dwindling traffic soured a $3.8 billion bet on a 75-year lease.
NACFE Unveils Freight Efficiency Website
The North American Council for Freight Efficiency unveiled a new website designed to help trucking companies identify potential savings from using a variety of systems and technologies in their fleets.
Gasoline Prices Fall to Lowest Since February
Gasoline prices at U.S. pumps, already at a seven-month low, may extend their decline amid falling crude costs that are spurring oil refineries to increase production of the road fuel, according to Lundberg Survey Inc.
September 22, 2014Chinese Commercial Telematics Market to Surpass US by Decade’s End, Report Predicts
China will soon become the world’s largest market for commercial telematics as government regulations and the nation’s supply-chain woes drive technology adoption, according to a new study by C.J. Driscoll & Associates.
Sales of Existing Homes Decrease as Investors Retreat
Purchases of previously owned U.S. homes declined in August for the first time in five months as investors retreated from the market.
September 22, 2014First Day of SuperTech Kicks Off in Orlando
ORLANDO, Fla. — Contestants at 2014 SuperTech at the Technology & Maintenance Council fall meeting Sept. 22 began an intense first day of competition with a 100-question test and identifying maintenance problems at 11 stations intended to test their hands-on skills.
Opinion: Protect CSA Scores by Challenging Citations
It was late at night and the truck’s headlights reflected off the damp pavement.
September 22, 2014