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.
Omnitracs to Acquire XRS Corp. for $178 Million
Omnitracs said it has agreed to acquire fleet software firm XRS Corp. for about $178 million or $5.60 per share.
September 2, 2014Letters: Greener Grass; Data Privacy Assured
It seems that lately every issue of Transport Topics contains an article about yet another trucking company raising driver pay and/or sign-on bonuses. For truck drivers, the grass is greener on the other side.
September 1, 2014Opinion: Reaching Across the Aisle, Country for Jobs
The trucking industry is responsible for transporting more than 67% of the nation’s freight (by weight). Whether the freight is fresh produce, lifesaving medicines, auto parts, farm machinery or the latest tech gadget, nearly everything we buy has been hauled on a truck. Additionally, almost 7 million people across the United States are employed in jobs that are directly or indirectly involved with trucking.
September 1, 2014Editorial: Park the CSA Scores (for Now)
Being held responsible for one’s actions is often not pleasant or convenient, but as any reasonable adult should admit, there is logic to that rule and following it usually makes the world a better place.
September 1, 2014Truck Registrations Grow
Registrations of new Class 8 trucks climbed 16.7% in the first half of 2014 from a year earlier as strong freight demand and tight capacity spurred large fleets to boost equipment purchases, IHS Automotive reported.
September 1, 2014Social Media Connect Fleets to Drivers, Customers
Trucking and logistics companies willing to invest time and resources in social media can gain an edge on rivals who are slow to develop the online tools, which can help carriers connect with customers and elevate a fleet’s profile, carrier and technology executives said.
September 1, 2014Pace of Driver-Pay Increases Quickens in Reaction to Tight Capacity, Demand
The long, slow trajectory of pay raises for truckload drivers picked up in recent weeks, including a 13% increase at U.S. Xpress Enterprises that appears to be the industry’s largest since the 1990s.
September 1, 2014Diesel, Gasoline Averages Continue to Fall
The retail diesel price in the United States fell 1.4 cents to $3.821 a gallon, the lowest level during the final week of August in three years, the Department of Energy reported.
September 1, 2014Health-Care Cost Agreement Boosts West Coast Port Talks
Labor talks at West Coast ports moved closer to a contract resolution as the parties last week announced a tentative agreement on health-care costs.
September 1, 2014July Trailer Orders Increase 36.7%, Fueled by Surge for Reefer Units
An 80% jump in orders for refrigerated trailer units helped fuel a 36.7% gain in industrywide orders in July from the same month a year earlier, ACT Research reported.
September 1, 2014