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, Fuel

Diesel Dips 0.6¢ to $3.845 a Gallon; Gasoline Gains for First Time in 10 Weeks

Diesel dipped 0.6 cent to $3.845 a gallon, its 10th straight decline, while gasoline rose for the first time in 10 weeks, the Department of Energy reported.

May 7, 2013
Business

Senate Passes Internet Tax Bill

The Senate passed a bill Monday that would subject most online shopping to state sales taxes, the Associated Press reported.

May 7, 2013
Business

Daimler to Make Fuso, BharatBenz Trucks in India for Export to Asia, Africa

Daimler AG said Tuesday it will bundle its Asian truck business and make Fuso and BharatBenz brand trucks in India for export to Asia and Africa as early as the second quarter of this year.

May 7, 2013
Business

Quality’s 1Q Income Improves

Tank truck carrier Quality Distribution said its first-quarter profit rose from a year ago, as its chemical logistics and intermodal businesses improved.

May 7, 2013
Business

WEX Inc.’s First-Quarter Profit Improves

Fleet payment processing company WEX Inc. said its first-quarter profit rose, and the company announced a CEO succession plan.

May 7, 2013
Business

ABF, Teamsters Reach Tentative Five-Year Agreement

ABF Freight System and the Teamsters union said they have reached a tentative five-year labor agreement, although no details were disclosed.

May 6, 2013
Business

ATA Launches Program for Young Trucking Executives

American Trucking Associations said Monday it has launched a program for young trucking executives to prepare them for future leadership.

May 6, 2013
Business, Technology

iTECH: Transplants — Back and Forth Flow Enhances Safety, Ease of Driving

Heavy-duty trucks, once simple utilitarian beasts of burden, are becoming safer, more economical and easier to drive, thanks in part to automated or fully automatic transmissions and cruise control, features adapted from automobiles.

May 6, 2013
Business

USA Truck Reports First-Quarter Loss

USA Truck reported a first-quarter loss Monday, citing difficult weather conditions.

May 6, 2013
Business, Equipment

Meritor Names Evans Interim CEO

Truck component maker Meritor Inc. has named Ivor Evans the company’s chairman and interim CEO, replacing Chip McClure, who is leaving the company.

May 6, 2013