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

Panel Approves Bill Extending Tax Credits for New Trucks, Alternative-Fuel Producers

A bill that would extend tax credits for carriers buying new trucks and to those who produce biodiesel or supply trucks with natural gas has been approved by the Senate Finance Committee.

April 14, 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, Government, Technology, Equipment

Analyst Says ELD Proposal to Spark Telematics Growth

The Federal Motor Carrier Safety Administration’s new proposal to require electronic logging devices will open the way for the truck telematics industry to expand rapidly, so long as it keeps moving forward without running into further roadblocks, an industry analyst said.

April 14, 2014
Business, Fuel

Diesel Average Drops 1.6¢

The U.S. retail diesel average slipped 1.6 cents last week to $3.959 per gallon, extending its slide to four weeks, the Department of Energy said.

April 14, 2014
Business

Wil-Trans Buys Jim Palmer Trucking

Missouri carrier Wil-Trans has bought assets of refrigerated carrier Jim Palmer Trucking and plans to refurbish that company’s fleet with new trucks, the company said.

Michael G. Malloy | Web Editor
April 11, 2014
Business

New Carrier Qualification Bill to be Introduced, TIA Says

TUCSON, Ariz — New legislation aimed at simplifying the carrier qualification process and reducing exposure in crash liability suits by creating a national hiring standard will be introduced in Congress later this month, according to Transportation Intermediaries Association President Robert Voltmann.

Rip Watson | Special to Transport Topics
April 11, 2014
Business

Louisville Teamsters Reject Side Deal to UPS Pact

Teamsters at UPS Inc.’s Louisville air hub rejected a side agreement proposal by a wide margin as roadblocks still remain to full implementation of the nation’s largest transport labor contract.

Rip Watson | Special to Transport Topics
April 11, 2014
Business

Consumer Sentiment Rises to Highest Level Since July

The Thomson Reuters/University of Michigan preliminary index of consumer sentiment climbed to 82.6 in April, the highest level since July, from a four-month low of 80 in March.

April 11, 2014
Business, Logistics

Intermodal Rail Traffic Rises 12.6% For Week

U.S. rail intermodal traffic increased 12.6% in the week ended April 5 compared with the same week last year, the Association of American Railroads reported.

April 11, 2014
Business

Wholesale Prices in Rise in March

Producer prices in the United States rose 0.5% in March, the biggest gain since June, the Labor Department reported April 11.

April 11, 2014
Business, Technology

Ryder Partners With Technology Firm to Create Fleet Maintenance Monitoring System

Ryder System Inc. said it has partnered with technology firm Decisiv to create a system to monitor maintenance for large and for-hire truck fleets.

April 11, 2014