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.
Report Questions Costs of Port Trucker Status
A new report issued by three organizations said that classification of port truckers as independent contractors rather than employees is costing $1.4 billion in lost tax revenue and wage and hour violations.
Best Trucking Invoicing Software for Growing Carriers
Managing invoices and billing efficiently is crucial for maintaining cash flow and ensuring business growth.
Panama Canal Contractor to Resume Work on Locks
The Panama Canal Authority announced that the contractor building new locks for the expanded waterway agreed to restart its construction project Feb. 20.
February 20, 2014Dana’s Profit Drops in 4Q
Dana Holding Corp. said its profit fell in the fourth quarter of 2013 and it saw a loss for the full year, due in part to a tax benefit in the previous year.
February 20, 2014Foxx Says Fuel Tax Increase Is Not Needed
WASHINGTON — Transportation Secretary Anthony Foxx said the Obama administration still believes there is a better way to raise the money needed to upgrade the nation’s highway infrastructure than to raise the federal fuel tax.
Leading Economic Indicators Rise; Manufacturing Declines in Philadelphia
An index of leading economic indicators increased 0.3% in January, the New York-based Conference Board said Feb 20.
February 20, 2014Jobless Claims Decline by 3,000
Initial jobless claims declined last week, the Labor Department reported Feb. 20.
February 20, 2014Volvo’s North America Truck Deliveries Jump
Volvo Group’s truck deliveries in North America jumped 113% in January over a year earlier, led by the Volvo brand, the company said.
February 20, 2014Truck Tonnage Rises 1.2%; Growth Held Back by Weather
Truck tonnage rose 1.2% in January, held back by a series of nationwide winter storms, American Trucking Associations announced.
Cummins/Peterbilt ‘SuperTruck’ Reaches 10.7 MPG
A demonstration truck built by Cummins Inc. and Peterbilt Motors Co. achieved a 10.7 mile-per-gallon fuel economy reading last month under real-world driving conditions, the companies announced.
February 19, 2014DTNA Optimistic on 2014 After Strong January
CABO SAN LUCAS, Mexico — Daimler Trucks North America, which achieved nearly a 40% market share in 2013, expressed optimism about the coming year following a strong January.