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.
Former Trucker Derrickson Named Director of Delaware Motor Transport Association
Delaware Motor Transport Association announced that M. Lee Derrickson, a former trucker and driver-training instructor, has taken over as executive director.
February 17, 2014Best Carrier TMS Software in 2024: How to Choose
Transitioning from basic load board tools or spreadsheets to an advanced, integrated Transportation Management System (TMS) is a critical step for mid-sized truckload carriers aiming to scale effectively and sustain long-term competitiveness.
Trucking Voices Concerns On Freight Network Plan
Freight industry leaders criticized a proposal to designate 27,000 miles of highways as a national primary freight network, arguing that it could unfairly restrict future investment in transportation infrastructure.
February 17, 2014Diesel Jumps 2.6¢ to $3.977
The U.S. diesel average rose 2.6 cents last week to $3.977 a gallon, the third straight increase that has pushed prices up more than a dime, the Department of Energy reported.
February 17, 2014YRC Finalizes $1.15 Bln Debt Reduction Plan
YRC Worldwide Inc. said it has completed $1.15 billion in new financing, including term and asset-backed loans that will reduce borrowing costs by $40 million to $50 million annually and extend debt maturities to 2019.
Mullen Group’s Profit Falls in 4Q
Canadian transportation firm Mullen Group said its net income fell in the fourth quarter as weather and holidays hurt trucking and logistics operations.
February 14, 2014ATRI Finds Short-Term Benefits from Truck Simulator Training
Training truck drivers on simulators shows some safety benefits, but the benefits do not last very long, the American Transportation Research Institute said.
February 14, 2014Factory Production Sees Biggest Drop Since 2009
Factory production in the United States fell in January by the most since May 2009 as winter weather slowed the economy, the Federal Reserve said.
February 14, 2014Intermodal Rail Traffic Grows Slightly for Week
U.S. rail intermodal traffic rose 0.6% in the week ended Feb. 8 compared with the same week last year, the Association of American Railroads reported.
February 14, 2014January Retail Sales Fall 0.4%
Retail sales fell in January by the most in a year and a half, hurt by bad weather and slow growth in employment and personal income.
February 14, 2014Consumer Confidence Unchanged in February
Consumer confidence was unchanged this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Feb. 14.
February 14, 2014