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.
Marten’s 3Q Income Rises 22.4%
Truckload carrier Marten Transport said the third quarter of 2013 was the best financial quarter in its history, when profit rose 22.4% to $8 million, or 24 cents per diluted share.
October 16, 2013QuickBooks 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.
Livingston Intl. Acquires Advantex Express
Livingston International has acquired the assets of Advantex Express Inc. as well as the shares of its U.S. subsidiaries. Terms were not disclosed.
October 16, 2013TWIC, Hazmat Background Checks Unaffected by Government Shutdown
The Transportation Worker Identification Credential and the Hazardous Materials Endorsement background-check programs have not been affected by the government shutdown, American Trucking Associations officials confirmed.
About 50 Carriers Opt Out of Pilot Settlement
Only about 50 of the 6,000 Pilot Flying J customers who were eligible to participate in a rebate-fraud class action lawsuit settlement have formally declined to participate in the settlement, Pilot’s attorney said.
House Panel Considers Freight Infrastructure Funding
Members of a House subcommittee heard testimony on funding freight transportation networks, including the experience of state transportation departments in Maryland and Virginia.
Colorado Highways Slowly Recover from Flooding
A month after floods devastated roads and bridges in northern Colorado, state officials said they have been able to fully reopen only one highway: State Highway 119, which runs between Boulder and Nederland.
CSX Reports Higher Third-Quarter Profit
CSX Corp.’s third-quarter earnings rose to $463 million, or 46 cents a share, from $455 million, or 44 cents, a year ago.
October 15, 2013OOIDA Challenges New York Decal Fee
New York state’s registration and decal fee for out-of-state trucks are “unconstitutional highway taxes,” the Owner-Operator Independent Drivers Association alleged in a class-action lawsuit filed with the state’s supreme court last week.
Volvo Expands Fuel Efficient Powertrain Lineup
Volvo Trucks expanded its lineup of “exceptional efficiency” powertrain packages with the XE11 that the company said can improve fuel efficiency by up to 3%.
October 15, 2013AIPBA Seeks to Resume Lawsuit on Broker Bond
The Association of Independent Property Brokers and Agents asked a federal district court Oct. 15 to remove its stay on the group’s lawsuit against the Federal Motor Carrier Safety Administration.