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

Driver Demographics Begin to Shift

Changing demographics among new truck drivers are beginning to shatter the stereotype of an industry dominated by aging white males, fleet and training school officials said.

December 11, 2014

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, Fuel

Another Milestone: Oil Below $60 A Barrel

West Texas Intermediate oil dropped below $60 a barrel for the first time since July 2009 as Saudi Arabia questioned the need to cut output, signaling its priority is defending market share. Brent fell to a five-year low.

December 11, 2014
Business, Equipment

Former Arrow Trucking CEO Indicted on Multiple Fraud Charges

Former Arrow Trucking Co. CEO Doug Pielsticker pulled hundreds of thousands of dollars from company accounts to pay for his wedding and luxury cars in connection with a multimillion-dollar bank and tax fraud, according to a federal indictment unsealed in U.S. District Court earlier this month.

Eric Miller | Senior Reporter
December 11, 2014
Business

Federal Spending on Transportation Benefits All Job Sectors, Study Says

A coalition of road builders and labor unions has released a study that details how federal spending on transportation infrastructure boosts the economy by creating jobs beyond the construction sector.

Michele Fuetsch | Staff Reporter
December 11, 2014
Business, Logistics

Utility Offers Bendix Roll Stability as Model Standard

Utility Trailer Manufacturing Co. is providing roll-stability protection as a standard feature on its 3000R base model refrigerated trailer, using Bendix Commercial Vehicle Systems technology.

December 11, 2014
Business

Covenant Transportation Expects Higher 4Q Earnings

Covenant Transportation Group Inc. said it expects fourth-quarter 2014 net income of 70 cents to 78 cents a share, compared with 40 cents a share in the previous year’s quarter.

December 11, 2014
Business

Cass Freight Index Rises in November

The Cass Freight Index, a measure of shipping activity in trucking and other transportation modes, rose in November and expenditures increased, Cass Information Systems said.

December 11, 2014
Business

2014 Year In Review: Top Cartoons

December 11, 2014
Business, Fuel

Retail Sales Climb in November by Most in Eight Months

Retail sales in the U.S. rose in November by the most in eight months as shoppers benefited from an improving job market and cheaper fuel.

Shobhana Chandra | Bloomberg News
December 11, 2014
Business

Jobless Claims Decline 3,000 to 294,000

The number of Americans filing for unemployment benefits fell to a three-week low as an improving economy limited dismissals.

December 11, 2014