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.

Editorial, Business

Editorial: Champions Help Trucking Thrive

This is an excellent time to stop and remember all of the people who work together to make trucking the thriving, core industry that is so vital to keeping the nation’s economy humming along.

September 2, 2013
Perspective, Business

Opinion: Liability Coverage: Bobtail Policies

When a motor carrier uses the services of an independent contractor, the latter generally is covered by the motor carrier’s liability policy when a claim occurs while operating for business.

September 2, 2013
Business

Judge Permanently Bars Los Angeles’ Owner-Operator Ban

A federal judge has put the final touches on a long-running battle over employee status at the Port of Los Angeles, where drivers for Green Fleet Systems LLC last week staged a 24-hour strike as the Teamsters union intensifies organizing efforts.

September 2, 2013
Business

Harms Gives Wal-Mart an NTDC Grand Champion

SALT LAKE CITY — Wal-Mart Transportation driver Gary Harms and his wife, Roni, never figured they would need to schedule time for late-night celebrating after an awards banquet honoring contestants in the National Truck Driving Championships here ended.

September 2, 2013
Business

Arkansas Trooper Claims Inspectors Title; Win Is ‘Bittersweet’ After Competitor’s Death

SALT LAKE CITY — Arkansas Highway Police Cpl. Derek Canard won the North American Inspectors Championship, claiming not only the Jimmy K. Ammons Grand Champion trophy but also four individual first-place trophies and a team award.

September 2, 2013
Business, Technology

Qualcomm to Sell Omnitracs; $800 Million Deal Called Largest in Truck Telematics

Qualcomm Inc. said it would sell its trucking technology business, Omnitracs Inc., to a private equity firm for $800 million in what is believed to be the largest deal in the commercial-vehicle telematics industry.

September 2, 2013
Business

Few Carriers Raise Driver Pay in Second Quarter, Report Says

A few fleets made modest increases in driver pay in the second quarter as they and compeitors refine standards for performance-based compensation and sign-on bonuses, according to industry experts and officials.

September 2, 2013
Business

Congressmen Urge Foxx to Complete Study of Latest 34-Hour Restart Policy Changes

Members of Congress are asking Transportation Secretary Anthony Foxx for a timeline for when the Federal Motor Carrier Safety Administration will complete a study on the changes to the hours-of-service restart provision.

September 2, 2013
Business, Logistics

July Trailer Orders Slump to Lowest in Nearly Three Years

Trailer manufacturers received the lowest total of new orders in nearly three years during July, blaming an economy that has failed to give customers enough confidence to add equipment, ACT Research reported.

September 2, 2013
Business

Drop in E-Logging Device Prices Lowers Mandate’s Projected Cost

Electronic logging device makers said the federal government’s plan to require almost all truckers to use the devices will cost the industry far less than the $2.4 billion the government estimated in 2011.

September 2, 2013