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.

Government, Business

Calif. Gov. Brown Wants Petroleum Use Cut 50%, More Money for Roads, Bridges

California Gov. Jerry Brown wants to see a 50% reduction in petroleum use by cars and trucks by 2030 and a greater investment in roads and bridges as soon as possible.

Michele Fuetsch | Staff Reporter
January 6, 2015

Best Trucking Management Software Buyer’s Guide

For growing carriers, choosing the right Trucking Management Software (TMS) is vital for the efficiency and growth of your transportation business. As we move into 2024, it's crucial to understand the key features and considerations that make a TMS solution stand out, and which ones play to your unique operation.

Business

Business Groups Seek to Stop Faster Union Votes

A coalition of business groups has asked the U.S. District Court in Washington to block the National Labor Relations Board from speeding up union representation elections in U.S. industries, including trucking.

January 6, 2015
Business

CRST Mulls Next Step in EEOC Litigation

CRST International is wrestling with options on how to wrap up its civil litigation with the U.S. Equal Employment Opportunity Commission in the federal court system concerning the company’s van expedited division.

Jonathan S. Reiskin | Associate News Editor
January 6, 2015
Business

Federal Mediator Enters West Coast Port Talks

Federal mediators are stepping into the protracted West Coast port talks at the request of labor and management that have been unable to reach an agreement after nearly eight months of bargaining.

January 6, 2015
Business, Autonomous

Ford CEO Predicts Driverless Cars on Roads in Five Years

Ford Motor Co. Chief Executive Officer Mark Fields said that an automaker probably will introduce a self-driving vehicle within half a decade, but it won’t be his company, which is focusing on less expensive features that assist in driving.

Keith Naughton | Bloomberg News
January 6, 2015
Business

Factory Orders Drop for Fourth Month

Factory orders dropped 0.7% in November, the fourth straight decline, the Commerce Department reported Jan. 6.

January 6, 2015
Business, Fuel

Diesel Tumbles 7.6¢ to $3.137 as Oil Hits $50 a Barrel

Diesel prices started the new year the way they ended 2014, falling 7.6 cents to $3.137 a gallon as oil prices fell below $50 a barrel for the first time in almost six years.

Michael G. Malloy | Web Editor
January 5, 2015
Business, Logistics

ABF Logistics Buys Oklahoma Brokerage Firm

ABF Logistics has purchased Smart Lines Transportation Group, a truckload brokerage firm based in Oklahoma City, for $5.17 million.

January 5, 2015
Business

Volvo Completes 45% Acquisition of China’s Dongfeng Commercial Vehicles

Volvo AB said Jan. 5 it completed its 45% acquisition of Chinese automotive manufacturer Dongfeng Commercial Vehicles Co. for about $885 million.

Michael G. Malloy | Web Editor
January 5, 2015
Business

Morgan Named Cowan Systems President

Dennis Morgan has been promoted to the president’s post at Cowan Systems, where Joseph Cowan will remain chairman and CEO.

January 5, 2015