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, Technology

iTECH: Document Imaging Goes Mobile

Electronic commerce is a term associated most readily with consumer-oriented retail sales tools such as Amazon.com, eBay.com and the like, but the electronic transaction of commerce has been de rigueur for the trucking industry for years.

February 14, 2011
Government, Business

Obama Delivers $3.7 Trillion Budget to Congress

President Obama unveiled a $3.7 trillion budget Monday that includes funding for a $50 billion “infrastructure bank” aimed at triggering private investment for some projects, Bloomberg reported.

February 14, 2011
Editorial, Business

Keep Surcharges Fair

The price of diesel fuel, the lifeblood of the trucking industry, took another step up last week, the 10th week in a row that truckers have had to pay more to keep the freight — and the U.S. economy — moving.

February 14, 2011
Business, Safety, Equipment, Autonomous

Class 8 Truck Orders Soar 320%

January orders for new Class 8 trucks skyrocketed 320% to 27,000 from the year-ago level, a clear sign that the industry will enjoy a stronger 2011, two research organizations said last week.

February 14, 2011
Business, Technology

Officers Lack Technology for EOBR Plan, TMC Says

TAMPA, Fla. — Less than a month after the federal government proposed replacing nearly all driver logbooks with electronic onboard recorders, technology companies here said that smooth enforcement will be impossible until law enforcement agencies adopt more technology.

February 14, 2011
Business

ATA Hires McNally as VP of Communications

American Trucking Associations last week named Sean McNally as its new vice president of communications and press secretary.

Timothy Cama | Staff Reporter
February 14, 2011
Business

Fourth-Quarter LTL Results Improve as Pricing, Truck Tonnage Gain

Seven of the eight publicly traded less-than-truckload carriers reported improved financial performance in the fourth quarter, as pricing and tonnage gained across the industry, giving hope for better 2011 results.

February 14, 2011
Business

Roadrunner Purchases Morgan Southern in Effort to Broaden Its Service Offerings

In a move to broaden its service offerings, Roadrunner Transportation Systems has made what’s believed to be the first purchase of an intermodal drayage fleet by a primarily less-than-truckload carrier.

February 14, 2011
Government, Business, Technology, Equipment

Truckload Carriers Association Opposes EOBR Proposal

The 700-member Truckload Carriers Association plans to oppose a proposed federal mandate requiring the use of electronic onboard recorders because there is no evidence that the technology will improve highway safety, the association’s president said.

February 14, 2011
Business, Equipment

Cummins Maintains Top Spot in Heavy-Duty Engine Market

Cummins Inc. maintained its market-share lead in Class 8 engines during 2010, although Detroit Diesel Corp. grabbed a bigger portion of the market, according to WardsAuto.com.

February 14, 2011