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.
Trimble Reports Higher 1Q Profit
Trimble Navigation Ltd., the parent of several major trucking-technology companies, reported higher first-quarter profit as revenue grew from a year ago.
May 7, 2014Ryder Partners With Quantum Fuel Systems for CNG Tanks
Ryder Inc. said it has partnered with Quantum Fuel Systems Technologies Worldwide Inc. for the purchase of compressed natural gas tanks.
May 7, 2014Senate Focuses on Transportation System’s Funding Crises
The Senate’s top financial experts this week turned the spotlight on the funding crisis facing the nation’s transportation system but revealed little to address immediate or long-term shortfalls that already are halting planned highway projects.
Truck Makers Cite Progress in LNG, CNG Sales
LONG BEACH, Calif. — Truck manufacturers at ACT Expo generally agreed with their projections from a year ago that the natural-gas, heavy-duty truck market would reach 10% by 2020.
Productivity of Workers Declines in First Quarter
The measure of employee output per hour dropped at a 1.7% annualized rate, the weakest reading in a year, after rising at a 2.3 % pace in the last three months of 2013, the Labor Department reported.
May 7, 2014NTTC Recognizes James Starr as First Professional Driver of the Year
National Tank Truck Carriers recognized James Starr as its inaugural professional driver of the year and elected Dean Kaplan as its new chairman.
May 7, 2014ATA Council to Discuss Technology Best Practices at Conference
American Trucking Association said its Information Technology & Logistics Council is developing “reference architectures” for truckload and less-than-truckload companies to provide a road map for best business processes.
May 7, 2014Truck Size, Weight Study on Schedule
Federal government and university researchers said they are on schedule to complete a congressionally mandated truck size and weight study by mid-November.
Ritchie Bros.’ First-Quarter Income Rises
Ritchie Bros. Auctioneers said its first-quarter profit increased from a year ago in part on favorable tax rate and foreign exchange gains.
May 6, 2014Texas Adds Bypass System to Six Busiest Weigh Stations
Drivewyze Inc. said Texas has added its PreClear bypass service at the state’s six busiest weigh stations and plans to activate service at 51 additional locations and 17 mobile sites within a month.
May 6, 2014