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, Logistics

Xtra Lease Adds Free Tracking to Long-Term Leased Trailers

Xtra Lease said Tuesday it will provide free basic trailer-tracking service to fleets on new long-term leased trailers, including refrigerated units.

August 27, 2013
Business, Logistics

Consumer Confidence Improves in August

Consumer confidence rose in August, the New York-based Conference Board said Tuesday.

August 27, 2013
Business

Walmart Transportation’s Gary Harms Named 2013 Truck Driving National Grand Champion

Gary Harms, a Walmart Transportation driver based in Olathe, Kan., was named the 2013 Bendix National Truck Driving Championships Grand Champion at the annual NTDC competition held last week in Salt Lake City.

August 27, 2013
Business, Technology

Drivewyze Raises $7.5 Million to Expand Weigh Station Bypass System

Trucking technology firm Drivewyze said it has raised $7.5 million to expand its weigh station bypass system.

August 27, 2013
Business

Volvo’s UD Trucks Launches Quester Heavy-Duty Truck Brand for Emerging Markets

UD Trucks, part of the Volvo Group, said Monday it has introduced a new heavy-duty truck brand called Quester, developed specifically for emerging growth markets.

August 26, 2013
Business

Durable Goods Orders Drop 7.3% in July

Durable goods orders declined 7.3% in July following three increases, the Commerce Department said Monday.

August 26, 2013
Business

Gasoline Falls 4¢ to $3.56, Lundberg Survey Says

Gasoline’s national average price fell 4 cents in the past two weeks to $3.56 a gallon, according to the latest Lundberg Survey of filling stations.

August 26, 2013
Business, Technology

iTECH: Fleets Increase Payments With Warranty Software Rich

When Asif Rizvi, vice president of maintenance at Crete Carrier Corp., switched to a warranty software management program last year, he not only cut his time to file a claim to a day and a half from several weeks, but he also increased the amount of warranty payments he was able to capture. Now, he expects to see payments increase 80% to 85% in the current fiscal year.

August 26, 2013
Business

Tonnage Rises 4.7% in July, Buoyed by Heavier Shipments

U.S. truck tonnage rose 4.7% in July from the year-ago level and remained near a record high, bolstered by heavy freight related to the housing, oil and natural-gas markets.

August 26, 2013
Business

Port Operators, ILA Warn Chassis Owners to Keep Using Union Labor for Repairs

Intermodal truckers could face a new operational threat after a recent warning from port labor and management to leasing companies, the primary owners of chassis, that union workers must continue to fix and repair the equipment.

August 26, 2013