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.
Court Rulings Back U.S.-Mexico Cross-Border Trucking Program
A federal appeals court ruled that the government’s cross-border trucking pilot program that allows some Mexican trucking companies to operate in the United States can go forward, rejecting both an appeal of a previous decision and a separate challenge.
TransForce Reports Lower 2Q Profit
Canadian transportation firm TransForce Inc. said Monday its second-quarter net income declined, and that it has reached an agreement to acquire an oil field carrier.
July 29, 2013Amazon to Hire 5,000 Workers at Its Distribution Centers
Amazon.com plans to hire about 5,000 workers for its distribution centers, the Associated Press reported Monday.
July 29, 2013Qualcomm’s Truck Unit Posts Quarterly Loss
Wireless technology firm Qualcomm Inc.’s profit in its fiscal third quarter jumped 31% from a year earlier, but the business segment that includes its trucking technology offerings posted a loss for the quarter.
July 29, 2013Two-Thirds of Carriers Expect to Boost Capacity, Survey Says
About two-thirds of motor carriers surveyed plan to increase capacity in the next 12 months, according to a second-quarter survey of trucking companies by Transport Capital Partners.
July 29, 2013Add On Systems Acquires Driver Recruiting Software Firm
Add On Systems said it has acquired driver recruiting software firm IEG Inc. and all of its software applications. Terms were not disclosed.
July 29, 2013Gasoline Rises 8.4¢ to $3.67, Lundberg Survey Says
Gasoline rose 8.4 cents in the past two weeks to $3.67 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
July 29, 2013CBO Offers Grim View of Highway Fund
WASHINGTON — The Congressional Budget Office last week presented a grim picture of an insolvent Highway Trust Fund to the House committee that oversees highway policy, but there was little discussion of possible solutions.
July 29, 2013ATA Seeks HOS Change for Hazmat Truckers
American Trucking Associations has asked the federal government to allow truck drivers hauling hazardous materials to watch their vehicles during the 30-minute break they are now required to take under the new hours-of-service rule.
July 29, 2013Fuel Taxes in Massachusetts to Rise 3 Cents After State Legislature Overrides Gov.’s Veto
Massachusetts has become the latest state to increase taxes on diesel and gasoline, with lawmakers last week approving a transportation funding plan that adds 3 cents to the state’s 21-cent tax.
July 29, 2013