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.

Business, Government, Safety

Love’s Creates Factoring Service

Love’s Travel Stops said it has created Love’s Financial, a factoring service meant to help drivers manage business and cash flow needs.

June 10, 2014
Business

Wholesale Inventories Rise 1.1% in April

Wholesale inventories rose 1.1% in April after increasing the same amount the prior month, the Commerce Department reported June 10.

June 10, 2014
Business, Technology

Aljex Integrates Carrier Onboarding Product

Aljex Software said it has integrated its cloud-based transportation management software with Carrier Registration System Plus, a carrier qualification and onboarding product from Registry Monitoring Insurance Services.

June 10, 2014
Business, Fuel

Diesel Drops 2.6¢ to $3.892 a Gallon; Decline Is Biggest in More Than a Year

Diesel’s national average price fell 2.6 cents to $3.892 a gallon, the sixth straight downturn and biggest decline in more than a year, the Department of Energy reported June 9.

Michael G. Malloy | Web Editor
June 10, 2014
Business

Trucks Have a Central Role in Indy 500 Hauling Cars, Tires for Famous Race

INDIANAPOLIS — The first thing you notice when entering Indianapolis Motor Speedway is its size. The banked track at 2½ miles around is 10 times as large as a typical football field and more than twice as big as most horse-racing tracks.

June 10, 2014
Business

Tyson Foods Outbids Pilgrim's for Hillshire Brands

Tyson Foods Inc., the largest U.S. meat company, has made a unilaterally binding bid to buy The Hillshire Brands Co., outbidding Pilgrim’s Pride Corp. to gain control of the maker of Jimmy Dean sausages and Ball Park hot dogs.

June 9, 2014
Business

Audit Finds NY/NJ Port Authority Missed Bridge Inspections

A state audit has shown the Port Authority of New York and New Jersey waited more than a year to conduct 47 inspections on bridges identified as having conditions that could become dangerous if ignored, the Associated Press reported.

June 9, 2014
Business

Postal Service Supports Five-Day Delivery Plan

The Postal Service has said it is in favor of a proposal by House Republicans to end Saturday mail delivery and make other changes at the U.S. Post Office in order to come up with money to shore up the Highway Trust Fund, the Washington Post reported.

June 9, 2014
Business

Police Say Wal-Mart Truck Driver Went 24 Hours Without Sleep Before Morgan Crash

A Wal-Mart Stores Inc. truck driver went at least 24 hours without sleep before his tractor-trailer crashed into a limousine, critically injuring actor-comedian Tracy Morgan and killing another entertainer, according to a police complaint.

June 9, 2014
Business, Fuel

Retail Gasoline Little Changed, Lundberg Survey Shows

The average price for regular gasoline at pumps was little changed in the past three weeks, gaining just 0.35 cent to $3.691 a gallon, according to Lundberg Survey Inc.

June 9, 2014