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, Fuel

Diesel Falls 2.3¢ to Two-Year Low $3.778

Diesel dropped 2.3 cents to $3.778 a gallon, the lowest national average price in more than two years, the Department of Energy reported Sept. 22.

Michael G. Malloy | Web Editor
September 22, 2014

Daily Briefings from Transport Topics

Transport Topics has partnered with Spoken Layer to make one-minute daily briefings available on all your smart devices. Simply say “Alexa, play Transport Topics” or “Okay Google, talk to Transport Topics” to get the day’s biggest trucking headlines.

Business

TMW Systems Vows Emphasis on Customers

NASHVILLE, Tenn. — Officials of trucking software vendor TMW Systems outlined on Sept. 22 a wide variety of steps, including corporate restructuring and acquisitions that the company has made, to smooth internal operations and user experiences.

Bruce Harmon | News Editor
September 22, 2014
Government, Business, Safety, Logistics

Union Pacific President: ‘Modest Improvement’ in Fixing Intermodal Delays

LONG BEACH, Calif. – Union Pacific Railroad President Lance Fritz said the railroad is making “modest incremental improvement” to correct delays that have hurt intermodal service levels.

Rip Watson | Special to Transport Topics
September 22, 2014
Business, Government

Indiana Toll Road Seeks Bankruptcy as Traffic Declines

The operator of the Indiana Toll Road, owned by affiliates of Macquarie Group Ltd. and Ferrovial SA, sought bankruptcy protection with a creditor-supported restructuring plan after dwindling traffic soured a $3.8 billion bet on a 75-year lease.

Michael Bathon | Bloomberg News
September 22, 2014
Business

NACFE Unveils Freight Efficiency Website

The North American Council for Freight Efficiency unveiled a new website designed to help trucking companies identify potential savings from using a variety of systems and technologies in their fleets.

Michael G. Malloy | Web Editor
September 22, 2014
Business

Gasoline Prices Fall to Lowest Since February

Gasoline prices at U.S. pumps, already at a seven-month low, may extend their decline amid falling crude costs that are spurring oil refineries to increase production of the road fuel, according to Lundberg Survey Inc.

September 22, 2014
Business, Safety, Government

Chinese Commercial Telematics Market to Surpass US by Decade’s End, Report Predicts

China will soon become the world’s largest market for commercial telematics as government regulations and the nation’s supply-chain woes drive technology adoption, according to a new study by C.J. Driscoll & Associates.

Seth Clevenger | Managing Editor, Features and Multimedia
September 22, 2014
Business

Sales of Existing Homes Decrease as Investors Retreat

Purchases of previously owned U.S. homes declined in August for the first time in five months as investors retreated from the market.

September 22, 2014
Business, Technology

First Day of SuperTech Kicks Off in Orlando

ORLANDO, Fla. — Contestants at 2014 SuperTech at the Technology & Maintenance Council fall meeting Sept. 22 began an intense first day of competition with a 100-question test and identifying maintenance problems at 11 stations intended to test their hands-on skills.

Eric Miller | Senior Reporter
September 22, 2014
Perspective, Business

Opinion: Protect CSA Scores by Challenging Citations

It was late at night and the truck’s headlights reflected off the damp pavement.

September 22, 2014