Business
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.
Social Media Connect Fleets to Drivers, Customers
Trucking and logistics companies willing to invest time and resources in social media can gain an edge on rivals who are slow to develop the online tools, which can help carriers connect with customers and elevate a fleet’s profile, carrier and technology executives said.
September 1, 2014Pace of Driver-Pay Increases Quickens in Reaction to Tight Capacity, Demand
The long, slow trajectory of pay raises for truckload drivers picked up in recent weeks, including a 13% increase at U.S. Xpress Enterprises that appears to be the industry’s largest since the 1990s.
September 1, 2014Diesel, Gasoline Averages Continue to Fall
The retail diesel price in the United States fell 1.4 cents to $3.821 a gallon, the lowest level during the final week of August in three years, the Department of Energy reported.
September 1, 2014Health-Care Cost Agreement Boosts West Coast Port Talks
Labor talks at West Coast ports moved closer to a contract resolution as the parties last week announced a tentative agreement on health-care costs.
September 1, 2014July Trailer Orders Increase 36.7%, Fueled by Surge for Reefer Units
An 80% jump in orders for refrigerated trailer units helped fuel a 36.7% gain in industrywide orders in July from the same month a year earlier, ACT Research reported.
September 1, 2014Brokers’ Truckload Profit Margins Reach Three-Year High
Brokers’ profit margins for truckload freight hit a three- year high during the second quarter as capacity continued to tighten, a new report said.
September 1, 2014Video: Google Takes Amazon Rivalry to the Skies with Drone Tests
Google's laboratory division is developing drones that can handle deliveries, a move that would be in direct competition with Amazon.com.
Boyd Bros. Raises Driver Pay
Boyd Bros. Transportation is increasing average driver pay to 54 cents per mile and increasing seasonal bonus by 2 cents per mile for company drivers, the company said.
August 29, 2014US Tightens Rules Amid Worst Barge Spills Since 2008
Tighter regulation of U.S. ships carrying record exports of diesel and gasoline is coming amid the worst year for oil spills from barges since 2008.
August 29, 2014Consumer Sentiment in US Increases in August
Consumer confidence unexpectedly rose in August, showing a brightening in Americans’ moods as the labor market gains traction.
August 29, 2014