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 Shortage, Lack of Highway Funding Top Concerns at TCA Meeting

GRAPEVINE, Texas  —  A stronger economy was reason to celebrate at the 76th annual convention of the Truckload Carriers Association, although industry officials cautioned that the driver shortage and concern over the nation’s lack of highway funding could curb trucking’s ability to grow and meet shippers’ demands.

Michele Fuetsch | Staff Reporter
March 25, 2014
Business, Technology

Omnitracs’ Separation from Qualcomm Continues Smoothly, Company Says

GRAPEVINE, Texas — Omnitracs, the largest provider of in-cab communications systems for the trucking industry, is spending the better part of this year completing its separation from Qualcomm, CEO John Graham said.

Michele Fuetsch | Staff Reporter
March 25, 2014
Business

Universal Truckload Expects 1Q Profit to Decline

Universal Truckload Services Inc. said it expects its first-quarter earnings to be in the range of 23 to 27 cents per share, down from 38 cents a share in the same quarter last year.

March 25, 2014
Business

EVO Trillium Building CNG Station at Central Freight Lines Terminal

Compressed natural gas provider EVO Trillium said it has broken ground on a CNG fueling station at a Central Freight Lines Inc. terminal in Fort Worth, Texas.

March 25, 2014
Business, Technology

Rand McNally Adds Drivewyze Bypass Service to Devices

Rand McNally said it has reached an agreement to integrate Drivewyze Inc.’s PreClear weigh station bypass service with its onboard fleet management devices.

March 25, 2014
Business

North American Class 8 Sales to Rise, ACT Says

COLUMBUS, Ind. — Higher productivity and profits in the trucking industry will help boost production and sales in North America this year and in the following several years, according to ACT Research Co.

Michael G. Malloy | Web Editor
March 25, 2014
Business, Technology

McLeod to Integrate ALK Maps and PC Miler Web Services

ALK Technologies Inc. announced that its ALK Maps and PC Miler Web Services will be integrated with McLeod Software Inc.’s Load Master dispatch software and PowerBroker system for freight brokers.

March 25, 2014
Business, Technology

Spireon Introduces First Automated Detention Optimization System

Asset-tracking provider Spireon Inc. announced the release of the first automated detention optimization system for the trucking industry.

March 25, 2014
Business

Sales of New Homes Fall to Five-Month Low

Purchases of new homes in the United States fell in February to the lowest level in five months, a sign the industry may take time to pick up after inclement weather damped demand earlier in the year.

March 25, 2014
Business

Home Prices in 20 US Cities Rose 13.2% in Year to January

Residential real estate prices climbed at a slower pace in the year through January than a month earlier, indicating momentum in the housing market may be cooling.

March 25, 2014