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.
The Top 100 List: 2014 For-Hire Carrier Rankings
Here is the 2014 Transport Topics Top 100 list of for-hire carriers. Companies are ranked by 2013 revenue unless otherwise footnoted.
July 15, 2014Rules Committee Paves Way For Trust Fund Bill On House Floor
The House Rules Committee adopted a closed rule process on July 14 for a bill that would fund a cash-strapped Highway Trust Fund through May.
Truck Driver John Cook Dies at Age 50
John Henry Cook, a driver for Baylor Trucking for 12 years and a retired Army Staff Sergeant, died June 28. He was 50.
July 14, 2014Funding Transportation Projects Reduces Bottlenecks, Helps Trucking Industry, WH Report Says
If Congress approves significant funding to upgrade the country’s aging roads and bridges, travel times throughout the freight industry would improve dramatically, according to a report released July 14 by the Obama administration.
Diesel Declines 1.9¢ to $3.894 Per Gallon
Diesel declined 1.9 cents to $3.894 a gallon, following a 0.7 cent decline last week, the Department of Energy reported July 14.
July 14, 2014Omnitracs Hires Vice as Chief Sales Officer
Truck technology supplier Omnitracs said it has hired David Vice as its chief sales officer, marking another addition to the company’s executive team since Vista Equity Partners purchased the business last year from Qualcomm Inc.
Truck Driver Strike Ends at Ports of Los Angeles, Long Beach
Truck drivers ended a strike at the ports of Los Angeles and Long Beach after five days, the Los Angeles Times reported.
July 14, 2014Alt Fuel-Powered Vehicles to Make up 14% of Worldwide Sales by 2035, Study Shows
Alternative fuel-powered heavy- and medium-duty vehicles will make up 14% of vehicles sold worldwide in 2035, according to a new study.
July 14, 2014Accused of Negligence, Wal-Mart Responds to Tracy Morgan Lawsuit
In responding to a lawsuit filed by actor/comedian Tracy Morgan, Wal-Mart says it is sorry one of its trucks was involved in the New Jersey accident that killed one and injured Morgan and two other comedians, and is "committed to doing the right thing for all involved."
July 14, 2014Gasoline Falls to $3.669 a Gallon in Survey
The average for regular gasoline at U.S. pumps fell 3.99 cents in the three weeks ended July 11 to $3.669 a gallon, according to Lundberg Survey Inc.
July 14, 2014