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

Lobbyist Phillips Departs ATA for Consulting

Mary Phillips, the chief lobbyist for American Trucking Associations for more than three years, announced her departure from the federation last week.

January 13, 2014

QuickBooks for Trucking: Connecting QuickBooks to Your TMS

Learn how Truckbase connects QuickBooks for trucking and your TMS to help you marry your trucking-specific data in your TMS with your financial data in QuickBooks.

Business

Analysts Expect Government to Approve Sysco’s $3.5 Bln. Purchase of U.S. Foods

Sysco Corp.’s planned acquisition of its largest competitor, U.S. Foods, is likely to be approved by federal regulators and could spur competition among food-service distributors, a prominent food industry consultant said.

January 13, 2014
Business, Logistics

XPO to Buy Pacer for $335 Million to Expand in Intermodal Sector

XPO Logistics Inc. has agreed to purchase Pacer International Inc., the nation’s third-largest truck-rail intermodal freight operator, for $335 million in a deal that underscores the growing importance of that market segment.

January 13, 2014
Business, Equipment

Trucking Fleets Cite Maintenance Costs Among Benefits of Leasing Vehicles

Tom Hassel Transport Inc. has no maintenance facility, and company President Tom Hassel said he is not interested in setting up a shop. Instead, the Point Pleasant Beach, N.J., company leases many of its trucks and plans to phase out the ones it owns.

January 13, 2014
Business

Wal-Mart Aims to Expand Test of ‘Supercube’ in Canada

Wal-Mart Canada said it wants to expand its “Supercube” fleet after initial testing found the vehicle’s additional freight capacity reduced transportation costs by 24%.

January 13, 2014
Business, Government, Safety, Autonomous

House Plans Road-Bill Hearing; DOT Leaders to Update Agenda

Transportation funding and truck safety will be thrust into the spotlight this week as the U.S. House of Representatives convenes its first hearing on a new highway bill and Department of Transportation leaders make several public addresses.

January 13, 2014
Business

Truck Orders Climb 51%

The Class 8 industry ended 2013 on a high note, as December truck orders surged 51% from year-ago levels, reinforcing manufacturers’ views that more growth could be coming in 2014.

January 13, 2014
Business

UPS Freight Teamsters Vote on New Five-Year Contract

The tentative agreement between UPS Freight and employees represented by the Teamsters went to a vote last week, seven months after the company’s original proposal was rejected by a wide margin.

January 13, 2014
Business

Union Rejects YRC Contract Extension, Jeopardizing Debt-Reduction Deal

The Teamsters union said employees at YRC Worldwide Inc. have turned down a contract extension proposal that the company said was critical to refi-nancing its debt and assuring long-term stability.

January 13, 2014
Business

Trucking Adds 100 Jobs as Unemployment Rate Drops to 6.7%

The U.S. trucking industry added 100 jobs in December compared with November as the overall unemployment rate dropped to 6.7%, the Labor Department reported Jan. 10.

January 10, 2014