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

Total Trucking Industy Operating Costs Jump 9.3% to $1.706; Fuel, Oil, Wages Remain Largest Expenses

Total operating costs for the trucking industry rose 9.3% in 2011 to an average of $1.706 a mile, the highest cost since the American Transportation Research Institute began tracking the figure in 2008.

September 24, 2012
Business, Logistics

Shippers Turning to Asset-Based Carriers Ahead of Expected Tightening of Capacity

Shippers and carriers are considering putting more freight directly on asset-based carriers — potentially hurting middlemen who do not own trucks — as the supply of vehicles and drivers dwindles.

September 24, 2012
Business, Technology

Service Industry Urges Action to Fight Technician Shortage

PITTSBURGH — Facing the prospect of having to replace tens of thousands of technicians in the coming years, officials from the trucking and fleet maintenance industries have urged companies to work closely with educators as one way to attract new talent.

September 24, 2012
Business

Sales Strength in North America Lifts Daimler, Renschler Says

HANOVER, Germany — The brisk pace of North American truck sales is helping drive the results of the world’s largest commercial vehicles maker, according to its chief executive.

September 24, 2012
Business

90-Day Contract Extension Will Keep Ports Operating

Management and labor negotiators in the East Coast and Gulf Coast contract talks have agreed to a 90-day extension of the pact that was due to expire on Sept. 30, ensuring there will not be a work stoppage during the peak holiday shipping season.

September 24, 2012
Business

No Plans to Acquire Navistar, Volkswagen Officials Say

HANOVER, Germany — The new truck-making powerhouse in Europe headed by Volkswagen AG is unlikely to make a play to acquire U.S.-based Navistar International Corp., according to interviews with company officials and others.

September 24, 2012
Business, Government, Safety, Autonomous

Graves Says Annual Meeting to Take Place During a ‘Transitional Moment’ for Trucking

With a new highway funding bill signed into law and the U.S. business community anxiously awaiting the outcome of the presidential election, American Trucking Associations President Bill Graves said the federation’s upcoming annual conference will take place during a “transitional moment” for the industry.

September 24, 2012
Business

Appreciation Week Provides Industry Opportunity to Reward Truck Drivers

Trucking companies, associations, industry suppliers and other businesses took time out last week to recognize the 3.1 million men and women who drive trucks in the United States as part of National Truck Driver Appreciation Week.

September 24, 2012
Business, Technology

PeopleNet to Continue McLeod Integration Despite TMW Purchase by Firm’s Owner

BIRMINGHAM, Ala. — In-cab communications provider PeopleNet Inc. said it will continue integrating its products with enterprise software maker McLeod Software, despite the recent purchase by PeopleNet’s owner of McLeod’s primary competitor.

September 24, 2012
Business

FedEx Reports Lower Earnings; Reduces Future Profit Forecasts

FedEx Corp. last week reported a lower fiscal first-quarter profit and reduced earnings forecasts, but said its less-than-truckload unit provided a bright spot by more than doubling its results.

September 24, 2012