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

Group Offers Three Possible Solutions for Increasing Transportation Funding

WASHINGTON — The Eno Center for Transportation, a Washington, D.C.-based think tank, outlined ways to realize long-term funding for the national transportation system in a report unveiled at the National Press Club on Dec. 3.

December 8, 2014
Government, Business

Specialized Carriers Seek FMCSA Exemption From Mandatory HOS Rest-Break Provision

The difficulty truckers tend to have with locating parking for an oversized and overweight load, as well as time constraints for moving the goods, has prompted a request to forego federal mandatory rest periods.

December 8, 2014
Business

Industry Execs Tell Congress to Pass Nat-Gas Incentives

Trucking and natural-gas industry leaders told a Senate energy committee that Congress could spur the transition from diesel to natural gas by changing the tax code, modifying weight restrictions on highways and encouraging creation of a fueling network.

December 8, 2014
Business, Fuel

Diesel, Gasoline Continue to Fall as Oil Plunges to Five-Year Low

A decision by the OPEC oil cartel to maintain its production levels sent crude oil prices plummeting to five-year lows, which sent U.S. retail diesel and gasoline average prices tumbling, too.

December 8, 2014
Government, Business

DOT's Foxx Opposes HOS Suspension in Funding Bill

Transportation Secretary Anthony Foxx urged the top congressional appropriators on Dec. 4 not to include a provision that would suspend a “34-hour restart” trucking regulation in a large funding bill currently under consideration.

Eugene Mulero | Senior Reporter
December 5, 2014
Business, Equipment

Cadec Opens New Data Center to Support Growth

Truck technology vendor Cadec Inc. said it has moved its data center operations to a larger location to accommodate growth and better support its private-fleet customers.

Seth Clevenger | Managing Editor, Features and Multimedia
December 5, 2014
Business, Technology

Omnitracs Appoints Haugh to Lead Roadnet Unit

Fleet-management technology provider Omnitracs said it has appointed Kevin Haugh as vice president and general manager of its Roadnet Technologies subsidiary.

Seth Clevenger | Managing Editor, Features and Multimedia
December 5, 2014
Business

Westport Acquires Dutch Supplier of Propane, Nat-Gas Systems

Westport Innovations Inc. said it has acquired Prins Autogassystemen Holding B.V., a Dutch supplier of propane and natural-gas vehicle technologies, in a deal valued at 12.2 million euros, or about $15 million.

Seth Clevenger | Managing Editor, Features and Multimedia
December 5, 2014
Business

Con-way Workers Reject Union at Texas Terminal

Con-way Freight said workers at its terminal in Harlingen, Texas, have rejected Teamsters representation in the latest result of the union’s organizing drive.

December 5, 2014
Business

C.H. Robinson Boosting Dividend

C.H. Robinson Worldwide will increase its regular quarterly cash dividend to 38 cents per share, from 35 cents. The increase will be payable Dec. 31 to shareholders of record as of Dec. 15.

Michael G. Malloy | Web Editor
December 5, 2014