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

Omnitek Receives EPA Certification for Detroit Nat-Gas Engine

Omnitek Engineering Corp. said it has received certification from the U.S. Environmental Protection Agency for diesel-to-natural-gas conversions of the Detroit Diesel Series 60.

September 11, 2014

QuickBooks for Trucking: Connecting QuickBooks to Your TMS

Learn how Truckbase connects QuickBooks for trucking and your TMS to help you marry your trucking-specific data in your TMS with your financial data in QuickBooks.

Business

Fleet Advantage Promotes Holland to President

Fleet Advantage, a truck fleet equipment financing firm based in Fort Lauderdale, Florida, announced that it promoted Brian Holland to president from senior vice president.

September 11, 2014
Business

Unemployment Claims Rise to Two Month High

The number of Americans filing for unemployment benefits unexpectedly rose last week to a two-month high, interrupting a steady decrease to the lowest level since before the last recession.

September 11, 2014
Business, Logistics

Hub Group Switches Drivers to Employee Status

Hub Group Inc. has decided to voluntarily make drayage drivers in California into employees, taking a different stance from other fleets that continue to insist that intermodal truckers are independent contractors.

September 10, 2014
Business, Fuel

DOE Lowers Diesel-Price Forecast

Diesel’s national average retail price will be $3.86 a gallon this year, the Department of Energy said, lowering its most recent forecast by 2 cents.

Michael G. Malloy | Web Editor
September 10, 2014
Business

Visteon Board Said to Weigh Splitting Into Two Companies

Visteon Corp., the auto-parts maker that was once a unit of Ford Motor Co., is exploring a plan to split into two companies, one focused on electronics and the other on climate controls, people familiar with the matter said.

September 10, 2014
Business, Technology

Peterbilt Demonstrates Autonomous Driving Technologies

Peterbilt Motors Co. said it demonstrated autonomous driving technologies in Detroit on its Model 579 concept truck.

September 10, 2014
Business

Wholesale Inventories Rise in July

Wholesale inventories rose 0.1% in July, the smallest increase since the same month last year, after rising 0.2% the prior month, the Commerce Department reported Sept. 10.

September 10, 2014
Government, Business

Lawmakers Tout TIGER Grants for Infrastructure Projects

Several members of Congress, both Republicans and Democrats, are boasting about grants that the Department of Transportation has awarded to projects in their districts ahead of an official announcement by the department.

Eugene Mulero | Senior Reporter
September 10, 2014
Government, Business

Movers Seek Hours-of-Service Exemption

The American Moving & Storage Association has applied for an exemption for its 3,700 member companies from federal regulations preventing motor carriers from driving following the 14th hour after coming on duty.

Eric Miller | Senior Reporter
September 10, 2014