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

Jobless Claims Surge on Government Shutdown, Calif. Backlog

Jobless claims increased by 66,000 for the week ended Oct. 5, due in part to the federal government shutdown and California working through a backlog caused by a switch in computer systems, Bloomberg News reported.

October 10, 2013

Truckbase Business Overview, Features, Reviews 2024

Truckbase has emerged as the next-generation truck dispatch software leader with its suite of easy-to-use tools for truckload carriers.

Business, Fuel

Comdata Launches Updated Fuel Payment Software

Comdata Corp. has launched an updated version of its FleetAdvance fuel payment software that allows for increased data analysis.

October 10, 2013
Business

Kenworth’s T880 Vocation Truck Available to Order

Kenworth’s T880 vocational truck, which made its debut at the Mid-America Truck Show in March, is available to order.

October 10, 2013
Business, Fuel

DOE Lowers Diesel Price Outlook

Diesel fuel will average $3.93 a gallon this year, the Department of Energy said, lowering a previous forecast by 3 cents.

October 10, 2013
Business

S&P Downgrades Navistar’s Credit Rating

Standard & Poor’s Rating Services has downgraded Navistar International Corp.’s long-term credit rating, voicing “increased skepticism” toward the truck and engine maker’s efforts to rebuild market share, but two other credit rating firms stood pat with their current assessments.

Seth Clevenger | Managing Editor, Features and Multimedia
October 10, 2013
Business

Columbus Trucking Firm Files Lawsuit Against Pilot Flying J

Trucking company FST Express is the latest to file a lawsuit against Pilot Flying J, saying it lost more than $75,000 in a fuel-rebate scheme, the Cleveland Plain Dealer reported.

October 9, 2013
Business

Navistar Says Sept. Classes 6-8 Orders Were Highest Since 2011

Navistar Inc. received about 5,900 orders for Classes 6-8 trucks in September, the highest monthly number since 2011, it said in an Oct. 8 statement.

October 9, 2013
Business, Fuel

AMP Americas Strikes Deal to Convert Two Dairy Fleets to CNG

AMP Americas has struck a deal with two dairy cooperatives to convert their fleets to compressed natural gas-powered trucks.

October 9, 2013
Business

Ritchie Bros. CEO to Step Down in May

Ritchie Bros. Auctioneers said CEO Peter Blake will step down in May during the company’s annual meeting. A successor has not been named.

October 9, 2013
Government, Business

IMF Cuts Global Growth Forecast Amid Uncertainty in U.S.

The International Monetary Fund cut its global outlook for this year and next, warning that a U.S. government default could seriously damage the world economy, Bloomberg News reported.

October 9, 2013