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

Obama’s Budget Request Includes Freight Grant Program, Foxx Says

WASHINGTON — President Obama's upcoming budget request for the Department of Transportation will include parts of the four-year, $302 billion transportation plan the administration unveiled last year, Transportation Secretary Anthony Foxx told lawmakers.

Eugene Mulero | Senior Reporter
January 30, 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

Jan. 29 Earnings Roundup: Landstar, Werner Say Profits Rose by About Half

Landstar System Inc. and Werner Enterprises Inc., two of the largest truckload carriers, announced fourth-quarter earnings increases of 53% and 48%, respectively, to continue the positive trend in the sector.

January 29, 2015
Business

DTNA Settles Former Workers’ Discrimination Case

Daimler Trucks North America said it will pay $2.4 million to settle a discrimination-related complaint by six former factory employees.

January 29, 2015
Business

Attorneys in Pilot Fuel Rebate Case Seek Sentencing Delay

Prosecutors and defense attorneys in the Pilot Flying J diesel-fuel rebate criminal case have asked a federal judge to delay sentencing for 10 former company executives who have pleaded guilty as participants in a scheme to cheat customers.

Eric Miller | Senior Reporter
January 29, 2015
Business, Government, Autonomous

Jacoby Named Trala CEO

Jake Jacoby has been named CEO of the Truck Renting and Leasing Association, the group’s executive committee announced last week.

January 29, 2015
Business, Technology

Cargomatic Raises $8 Million in Additional Funding

A California company that matches local loads with trucks via an app has received $8 million in additional funding from investors, including several in the trucking industry, it announced Jan. 29.

Michael G. Malloy | Web Editor
January 29, 2015
Government, Business, Fuel, Safety

Former Pa. Governor Urges Senators to Raise Gas Tax

Reminding lawmakers about the urgent need to rebuild the country's aging transportation network, former Pennsylvania Gov. Ed Rendell (D) told a key Senate panel on Jan. 29 that they need to raise fuel taxes.

Eugene Mulero | Senior Reporter
January 29, 2015
Government, Business, Safety

Sens. Boxer, Paul Team Up to Boost Highway Trust Fund

Sen. Barbara Boxer of California, the top Democrat on the transportation policy-writing Environment and Public Works Committee, announced on Jan. 29 she has teamed up with Kentucky Republican Sen. Rand Paul on legislation that would use revenue from repatriation to pay for highway construction.

Eugene Mulero | Senior Reporter
January 29, 2015
Government, Business, Safety, Autonomous

FMCSA Should Shift Focus to Crash Causes, Industry Exec Tells Senators

 The general counsel for one of the nation’s largest trucking companies told a Senate panel that to reinforce the recent reduction in truck crashes the federal government must redirect its safety efforts to address the primary causes.

Michele Fuetsch | Staff Reporter
January 29, 2015
Government, Business

Trucks, Pipeline Carry More Nafta Freight in November

U.S. trade with Canada and Mexico totaled $96.3 billion in November as two transportation modes — truck and pipeline — carried more freight than in November 2013, the Department of Transportation reported Jan. 29.

Eric Miller | Senior Reporter
January 29, 2015