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.
McLeod’s Sales Hit New Record in 2014
McLeod Software said its sales grew 30% in 2013 to the highest annual level in the company’s history.
March 3, 2014Consumer Spending, Income Climb in January
Consumer spending and personal income increased in January, the Commerce Department said.
March 3, 2014Class 8 Fleet Grows 2.8% in 4Q to Highest Level in Five Years
The U.S. heavy-duty truck fleet grew 2.8% in the fourth quarter from a year ago to the largest size in five years, as carriers purchased mainly replacement equipment while gradually expanding their operations, according to a new report.
March 3, 2014Opinion: Why Trucking Companies Fail
Editorial: Open Minds on Funding
YRC Worldwide Reports Profit, Aided by Income Tax Benefit
YRC Worldwide Inc. last week reported fourth-quarter net income of $400,000, helped by a tax benefit, compared with a $35.3 million loss in the prior-year period.
March 3, 2014Mack’s Roy Seeks 10% Share of Heavy-Duty Truck Market
ALLENTOWN, Pa. — Mack Trucks’ new president of North American sales and marketing said the company has set its sights on capturing 10% of the Class 8 market this year by growing its over-the-road business.
March 3, 2014Chassis Issues Continue to Trouble Truckers as Intermodal Freight Grows, Official Says
PHOENIX — The process of supplying chassis to truckers that handle international shipments is still fraught with confusion because of terminal delays and inadequate incentives for leasing companies to acquire new equipment, an industry executive said.
March 3, 2014Truckers Raise Level of Activism Over Congestion at Major Ports
Frustration over congestion boiled over at three of the largest ports in North America last week, with a work stoppage at the Port of Vancouver and some truckers at the Port of New York and New Jersey began implementing detention surcharges.
March 3, 2014Traction Is Most Important Characteristic For Off-Road Tires, Fleet Executives Say
When New Orleans-based electricity provider Entergy Corp. buys tires for its fleet — which handles a lot of off-road work — durability, fuel economy and cost take a back seat to what the company says is its most important need.
March 3, 2014