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, Government

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, 2014

Best 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.

Business

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, 2014
Business, Fuel

Diesel 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, 2014
Business

YRC 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.

Rip Watson | Special to Transport Topics
February 14, 2014
Business

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, 2014
Business

ATRI 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, 2014
Business

Factory 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, 2014
Business, Logistics

Intermodal 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, 2014
Business

January 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, 2014
Business

Consumer 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