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.
Wyoming Gov. Signs Bill to Add a Dime to State’s 14-Cent Diesel, Gasoline Tax
Wyoming Gov. Matt Mead (R) has signed a bill that will add a dime to the state’s 14-cent-per-gallon tax on diesel and gasoline.
USA Truck Names New CEO
Truckload carrier USA Truck said it has appointed John Simone as the company’s new CEO, effective immediately.
February 19, 2013iTECH: Shippers, Brokers Use Data Services to Closely Monitor Carriers’ Performance
Shippers, brokers and freight forwarders are using new data services and software programs to monitor more closely the safety, performance and financial health of freight haulers before committing to hire them — driven partly by concern about liability risks if they use a carrier with a poor record and partly by the sheer availability of data.
February 19, 2013TNT Express Reports 4Q Loss
European package carrier TNT Express reported a fourth-quarter loss and said it would sell units in Brazil and in China, Reuters reported.
February 19, 2013Technology Suppliers Show Improved Financial Results
Two of the trucking industry’s technology suppliers, Trimble Navigation Ltd. and XRS Corp., recently reported improved financial results for the final quarter of 2012, while McLeod Software said its full-year sales reached a record high.
February 19, 2013Panther Expedited Appoints New CEO
Panther Expedited Services said it appointed R. Louis Schneeberger the company’s new CEO, replacing former CEO Andrew Clarke, who resigned.
February 19, 2013iTECH: Automated Trucks Ahead?
Taking the steering wheel out of a driver’s hand may sound crazy in an era when traffic congestion and driver distractions are growing by leaps and bounds, but that’s exactly what Internet search giant Google and Volvo Trucks are working on, while the U.S. Department of Transportation is testing communications technology that could potentially link several vehicles in a series.
February 19, 2013Gasoline Prices Jump, Journal Reports
Gasoline prices have risen for 32 straight days to $3.73 a gallon, a four-month high, the Wall Street Journal reported Tuesday.
February 19, 2013Opinion: Always Track Fleet Maintenance Costs
There’s no real mystery as to why otherwise intelligent fleet operators so often negotiate full-service leases using only big, round numbers. Reason No. 1 is that they simply don’t know their actual, detailed maintenance costs.
February 18, 2013Editorial: Turning Words Into Dollars
Well, at least we’re getting lip service related to fixing the nation’s ailing and neglected infrastructure network. Now, if we can just get some concrete action.
February 18, 2013