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.

Government, Business

Funds for States to Train Drivers Closer to Approval

After more than a decade of temporary extensions, the Workforce Development Act that funnels money to states to train job seekers, including truck drivers, is closer to Congressional approval.

Michele Fuetsch | Staff Reporter
June 30, 2014
Business, Fuel

Diesel Rises 0.1¢ to $3.92 a Gallon

The U.S. retail diesel average was all but flat this week, rising just 0.1 cent a gallon from the week before to $3.92, the U.S. Department of Energy said on June 30.

Jonathan S. Reiskin | Associate News Editor
June 30, 2014
Business

Port of Long Beach Bridge Delayed a Year

The $1 billion project to replace the aging Gerald Desmond Bridge along the main route to the Port of Long Beach will be delayed a year according to port officials, the Los Angeles Times reported.

June 30, 2014
Business, Government, Fuel, Autonomous

Scania Touts Fuel Savings of Dual Trailers

Swedish truck maker Scania AB said that by driving with two full-length trailers fuel consumption is reduced by up to 30%.

June 30, 2014
Business

Chicago Area Business Activity Grows at Slower Pace in June

Business activity in the Chicago area expanded at a slower pace in June from the prior month, according to The Institute for Supply Management-Chicago Inc.

June 30, 2014
Business

EBE Technologies Creates Owner-Operator Insurance Enrollment Software

EBE Technologies said it has created an insurance-enrollment program for carriers hiring owner operators and independent drivers.

June 30, 2014
Business

Pending Sales of Existing Homes Rise Most in Four Years

The number of contracts to purchase previously owned U.S. homes jumped in May by the most in more than four years, a sign the residential-real estate market is rebounding after a slow start to the year.

June 30, 2014
Letters to the Editor, Business

Letters: End of Self Insurance?, Whose Logic is Hazy?

President Obama’s desire to abolish the ability for a trucking company to self-insure is a hindrance to the industry and an ineffective way to save a lousy $9,000 per company that chooses to use this option, which amounts to about $500,000 a year.

June 30, 2014
Perspective, Business

Opinion: Detention Time Is Too Important to Ignore

While debate continues on hours of service, truck size and weight, and their effect on truck productivity, we should not lose sight of an issue that has been consistently raised by major trucking groups and relates to time lost at the loading docks of shippers and receivers.

June 30, 2014
Editorial, Business

Editorial: Remembering Independence

Marching happily toward the Fourth of July, one can see some of the spirit of Independence Hall 238 steamy summers ago in — of all places — trucking.

June 30, 2014