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.
Trade Deficit Declines to Four-Year Low
The U.S. trade deficit declined in November to a four-year low, the Commerce Department reported Jan. 7.
January 7, 2014Best Trucking Software 2024
For growing asset-based carriers, ensuring you have the right trucking software is essential for managing fleets, optimizing operations, and winning more higher-paying loads.
Diesel, Gasoline Each Rise Slightly
Diesel and gasoline each edged up by less than a penny, with diesel rising 0.7 cent to $3.91 a gallon, the Department of Energy reported Jan. 6.
Lobbyist Phillips to Leave ATA
Mary Phillips, the chief lobbyist for American Trucking Associations for more than three years, will leave ATA on Jan. 7 to open her own government-affairs consulting firm.
N.Y. Closes Thruway Section as Snow, Bitter Cold Move to Eastern U.S.
New York Gov. Andrew Cuomo (D) has ordered trucks off the New York State Thruway in Western New York as of 3 p.m. Jan. 6 due to an anticipated snowfall of 3 feet.
January 6, 2014XPO to Buy Pacer for $335 Million
XPO Logistics Inc. said it will acquire intermodal freight carrier Pacer International Inc. in a transaction valued at $335 million.
January 6, 2014Class 8 Orders Surge 50% in December
The Class 8 truck industry ended 2013 on a high note with about 31,800 new orders in December, a 50% jump from the same month a year earlier, ACT Research reported.
Clarke Closes Sale of Freight Business to TransForce
Clarke Inc. said it has closed the sale of its truckload and less-than-truckload businesses to TransForce Inc. for C$100.5 million.
January 6, 2014Factory Orders Rise in November
Factory orders increased 1.8% in November, the Commerce Department reported Jan. 6.
January 6, 2014Green Bay Bridge Reopens
The Green Bay, Wis., bridge closed for more than three months after sagging reopened Jan. 5.
Roadrunner Announces New COO
Roadrunner Transportation Services said it has promoted Brian van Helden to chief operating officer, succeeding Scott Dobak, who resigned to take a position as head of a Canadian transportation firm.
January 6, 2014