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.
WebTech Wireless Reports Second-Quarter Loss
WebTech Wireless, a supplier of GPS location-based and fleet-telematics services, reported a second-quarter loss of C$1.6 million compared with a profit of C$966,000 a year earlier.
August 18, 2014Rand McNally Releases Remote Navigation Tool for Fleet Managers
Rand McNally released a Web-based navigation tool that allows fleet managers to remotely control and customize routes taken by their drivers.
August 18, 2014Melton Truck Line to Increase Driver Pay
Melton Truck Lines is increasing driver pay by 2 cents per mile and will start student driver pay at 37 cents and the most experienced drivers 50 cents.
August 18, 2014NTDC Grand Champion Langenhahn: 'I Feel Like I'm in a Dream'
A Con-way Freight driver from Plover, Wisconsin, Jeffrey Langenhahn, won the Bendix 2014 grand championship at the National Truck Driving Championships Aug. 16.
P&S Transportation Acquires Logistics Firm TA Services
P&S Transportation said its parent company has acquired Mansfield, Texas-based logistics firm TA Services Inc. Terms were not disclosed.
August 18, 2014Element Financial Will Offer Aggressive Lending Program
With the recent $1.4 billion purchase of PHH Arval, a top executive at Element Financial Corp. said the Toronto-based company is ready to roll out an aggressive lending program for truck, air and rail transportation operators as well as commercial equipment dealers and suppliers in North America.
August 18, 2014Opinion: Benchmarking Private Fleet Success
Private fleets stand out as a dynamically growing transportation market. The largest sector of the trucking industry, they account for approximately 50% of all Class 8 truck sales, and own or lease some three out of four Class 4 through Class 8 trucks on the road. Around 40% of all leased trucks are to private fleet companies.
August 18, 2014Editorial: The Summer of Strength
With Labor Day right around the corner, it means the summer of 2014 is rapidly drawing to a close.
August 18, 2014July Truck Sales Up 22.5%
U.S. retail sales of heavy-duty trucks jumped 22.5% in July to 18,793 units from a year ago, marking the first back-to-back monthly percentage gains above 20% in more than two years, WardsAuto.com reported.
August 18, 2014Transport Topics Top 100 Private Carriers Quiz: See How You Rate
The 2014 Transport Topics Top 100 Private Carriers List is out! Take our quick five-question quiz to see how much you know about the industry. And watch our live streaming broadcast on Wednesday, Aug. 27, at noon EDT, analyzing this year's list.
August 18, 2014