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

TransForce to Buy Vitran’s Canadian Assets

Less-than-truckload carrier Vitran Corp. said it has agreed to be acquired by TransForce Inc., which outbid Manitoulin Transport Inc. for Vitran’s Canadian assets.

December 30, 2013

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

Holiday Sales Rise 3.5% from Last Year

U.S. retail sales between Nov. 1 and Dec. 24 grew 3.5% over last year, helped by mall discounts and sales of jewelry and children’s clothing, according to industry analysis firm MasterCard Advisors.

December 27, 2013
Business, Government, Safety, Autonomous

Year in Review: Regulatory Successes, Growth of Budget Highlight ‘Challenging Year,’ Graves Says

It many ways, 2013 was a good year for American Trucking Associations.

December 27, 2013
Business

Postal Service Rates to Temporarily Rise 6%

The U.S. Postal Service’s regulator has approved price increases amounting to 6% on most mail, news service reported.

December 27, 2013
Business, Logistics

Rail Intermodal Volume Rises 6.4%

U.S. intermodal shipments by rail grew 6.4% in the week ended Dec. 21 compared with the same week last year, the Association of American Railroads reported.

December 27, 2013
Government, Business

Group Requests Exemption from New Bond Level for All Brokers

The Association of Independent Property Brokers and Agents has asked the federal government to exempt all brokers from the new requirement that they each obtain surety bonds of at least $75,000.

December 27, 2013
Business

Jobless Claims Drop by 42,000 for Week

The number of Americans filing for jobless benefits fell 42,000 in the week ended Dec. 21, though holiday-season fluctuations make the data hard to interpret, the Labor Department said.

December 27, 2013
Business

Year in Review: Orders for Heavy-Duty Trucks Grew in Nine of First 10 Months of 2013

Orders for heavy-duty North American trucks grew in nine of the first 10 months of the year, as industry watchers wondered when the mild slump in U.S. truck sales would end.

December 24, 2013
Business

YRC Reaches Agreement to Reduce Debt by $300 Mln.

YRC Worldwide Inc. has reached an agreement with some of its creditors to reduce its debt by about $300 million, a move the carrier said is a key to obtaining new concessions from the Teamsters union.

December 24, 2013
Business

TravelCenters Closes Deal for ‘Minit Mart’ Stores

TravelCenters of America said it has closed on its purchase of 31 convenience stores with fueling stations for $67.9 million.

December 24, 2013