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.
NTTC to Name Driver of the Year Starting in 2014
AUSTIN, Texas — National Tank Truck Carriers said it will begin a driver-of-the-year award, starting at its 2014 annual conference.
Best Trucking Software 2024
For growing asset-based carriers, ensuring you have the right trucking software is essential for managing fleets, optimizing operations, and winning more higher-paying loads.
Wabash Reports Improved 1Q Income; Predicts Pickup in Trailer Shipments
Trailer manufacturer Wabash National Corp. said its first-quarter income improved, and the company said it expects a “significant increase” in trailer shipments in the second quarter.
May 1, 2013Roadrunner Buys Two Trucking Firms
Roadrunner Transportation Systems said it has acquired container management and logistics firm Adrian Carriers for about $14.2 million and Wando Trucking for about $9 million.
May 1, 2013ATA Launches Revamped Website
American Trucking Associations said it has redesigned and updated its website as part of an effort to bolster its image.
May 1, 2013Penske Automotive Reports Record Earnings
Penske Automotive said its first-quarter income and earnings per share were the highest in its history, while Penske Logistics announced it won a bid to manage a BMW distribution center in Pennsylvania.
May 1, 2013Vermont Gov. Signs Fuel-Tax Increase
Vermont Gov. Peter Shumlin (D) signed a transportation budget bill Monday that will boost the state’s current diesel fuel tax by 2 cents beginning July 1, and the gasoline tax by 5.9 cents a gallon, effective Wednesday.
ATA, Transportation Groups React Positively to DOT Nominee Foxx
Transportation stakeholder groups, including American Trucking Associations, reacted positively to President Obama’s announcement that he has picked Charlotte, N.C., Mayor Anthony Foxx to be the next transportation secretary.
N.Y.-N.J. to Renovate Bayonne, Goethals Bridges
The Port Authority of New York and New Jersey has awarded a $743 million contract to raise the deck of the Bayonne Bridge by 64 feet to allow larger ships to pass underneath it, an upgrade that port officials said is critical for the port to remain competitive after a widening of the Panama Canal is completed in 2015.
Meritor Reports Fiscal 2Q Loss
Meritor Inc. reported a loss for its second fiscal quarter, and the truck component maker said it plans to sell 50% of a joint venture in Brazil.
April 30, 2013Qualcomm Unit That Contains Trucking Business Breaks Even
Qualcomm Inc. said the division that includes its truck technology business broke even in the company’s fiscal second quarter.