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

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.

Jonathan S. Reiskin | Associate News Editor
May 1, 2013

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.

Business, Logistics

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, 2013
Business

Roadrunner 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, 2013
Business, Technology

ATA 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, 2013
Business, Logistics

Penske 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, 2013
Government, Business

Vermont 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.

Eric Miller | Senior Reporter
April 30, 2013
Business

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.

Timothy Cama | Staff Reporter
April 30, 2013
Government, Business

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.

Eric Miller | Senior Reporter
April 30, 2013
Business, Equipment

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, 2013
Business, Technology

Qualcomm 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.

Seth Clevenger | Managing Editor, Features and Multimedia
April 30, 2013