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.
Werner Enterprises Profit Declines in Fourth Quarter
Werner Enterprises said its fourth-quarter profit declined from a year ago partially due to higher operating costs and lower miles per truck from severe weather.
January 29, 2014Three Former Employees Plead Guilty in Pilot Flying J Case
Three more former employees of truck-stop chain Pilot Flying J have pleaded guilty to fraud-related charges in a U.S. District Court in Knoxville, Tenn.
January 28, 2014Hub Group’s 4Q Earnings Fall
Hub Group Inc. said its net income fell in the fourth quarter of 2013 but increased in the full year.
January 28, 2014Iteris Reports Lower 3Q Income, Higher Revenue
Iteris Inc., which provides traffic management services, said its fiscal third-quarter net income declined from a year ago but revenue gained 18%.
January 28, 2014White House Approves Drug and Alcohol Clearinghouse Proposal
A Federal Motor Carrier Safety Administration proposal to create an information clearinghouse for drug and alcohol-testing information related to truck drivers has been approved by the White House Office of Management and Budget and sent back to the agency for publication.
ATA Chairman Asks Dealers to Help Fleets
NEW ORLEANS — The chairman of American Trucking Associations pleaded with truck dealers to make adjustments to their operations to better assist fleets, and asked them to join the campaign to improve the industry’s image.
Telogis Launches Upgraded Telematics Platform
Technology vendor Telogis Inc. has introduced Fleet 11, the latest version of its fleet management and telematics offering.
YRC to Meet with Lenders After Union Backs Longer Contract
YRC Worldwide Inc. officials will meet with lenders Jan. 28 to outline a $1.15 billion debt refinancing plan, after the Teamsters union’s approval of a four-year contract extension through 2019.
EBE Reports Record Quarterly Sales
EBE Technologies, a provider of business-process management applications for the transportation industry, said it achieved record quarterly sales in its fiscal first quarter ended Dec. 31.
January 28, 2014Durable Goods Orders Fall in December
Orders for durable goods dropped in December for the first time in five months, the Commerce Department reported.
January 28, 2014