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.
‘PedalCoach’ Driver Tool Aims to Save 5¢ a Mile on Fuel
ORLANDO, Fla. — A fledgling company showcased a new product here it said could save trucking companies a nickel a mile in fuel costs, while helping to retain drivers.
Best Trucking Invoicing Software for Growing Carriers
Managing invoices and billing efficiently is crucial for maintaining cash flow and ensuring business growth.
TCA Considers Insurance, Driver Coercion Issues
ORLANDO, Fla. — Officials with the Truckload Carriers Association said they are evaluating how to address potential federal government changes to insurance limits, the issue of driver coercion and expanding the interstate driver corps to include 18-to-21 year olds.
Covenant Nearly Doubles Net Income in 3Q
Covenant Transportation Group said its net income nearly doubled in the third quarter to $1.97 million, or 13 cents a share, from $1 million, or 7 cents, in the same quarter in 2012.
October 18, 2013Lowe’s Moving Freight to Natural Gas Trucks
Home-improvement retailer Lowes’s Companies Inc. announced it is joining fleets in shifting its freight to trucks powered by natural gas.
Illinois Planning Agency Approves Tollway
A tollway linking Illinois and Indiana was approved Oct. 17 by a planning agency that has criticized the proposed $1.3 billion expressway project in the past, according to the Chicago Tribune.
October 18, 2013Appeals Court to Hear EPA Engine Suit
Lawyers representing truck makers and the U.S. Environmental Protection Agency will argue before federal appellate judges on Oct. 22 whether EPA acted correctly in addressing nonconforming engines made by Navistar Inc.
October 18, 2013Fla. Gov. Scott Announces Commitment of $35 Million for Florida Ports
Florida Gov. Rick Scott (R) will recommend to the state legislature $35 million for strategic port projects.
October 18, 2013Hub Group’s 3Q Profit Increases Slightly
Hub Group Inc. said its third-quarter profit grew 0.6% to $18.6 million, or 50 cents a share, from $18.5 million, or 50 cents a share, a year earlier.
October 18, 2013Intermodal Rail Volume Rises 4% for Week
Intermodal rail volume for the week ended Oct. 12 rose 4%, from the same period last year, the 15th consecutive rise, the Association of American Railroads reported.
October 18, 2013Kansas City Southern’s 3Q Income Rises
Kansas City Southern’s third-quarter net income rose to $119 million, or $1.07 a share, from $91 million, or 82 cents, a year ago.
October 18, 2013