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

Shippers to Pay More as Rates Rise on Equipment, Infrastructure Costs, Execs Say

SAN ANTONIO — Shippers can expect to pay more to secure freight-hauling capacity as truck and rail carriers raise rates to cover rising costs and fund investments in equipment and infrastructure, according to transportation and logistics executives.

September 23, 2014
Business, Technology

EBE Launches New Mobile Document-Capture Application

EBE Technologies said it is offering a new application, dubbed Xpress Mobile Capture, which enables drivers to submit business documents via mobile devices while communicating with carriers’ back-office systems.

Seth Clevenger | Managing Editor, Features and Multimedia
September 23, 2014
Business

Daimler Unveils Design of Future Truck 2025

HANOVER, Germany — Daimler Trucks peeled back the camouflage from the Future Truck 2025 it first unveiled in July, revealing what its global chief called not just a vehicle, but “a great work of art.”

Neil Abt | Editorial Director
September 23, 2014
Business, Logistics

EPA Recognizes Logistics Firms for Reducing Emissions

SAN ANTONIO – The U.S. Environmental Protection Agency recognized seven shippers and four logistics firms for their efforts to reduce emissions as part of the agency’s SmartWay Transport Partnership at the Council of Supply Chain Management Professionals annual conference here Sept. 23.

September 23, 2014
Business, Technology

SkyBitz Offers New Asset-Tracking Device

SkyBitz is expanding its product offerings with a new GPS device, which tracks the location and status of assets without an external power source.

September 23, 2014
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
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