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

Echo Global Logistics Acquires Open Mile Inc.

Echo Global Logistics said it has acquired truckload brokerage firm Open Mile Inc. Terms were not disclosed.

March 19, 2013

Best Trucking Invoicing Software for Growing Carriers

Managing invoices and billing efficiently is crucial for maintaining cash flow and ensuring business growth.

Business

Housing Starts Rise in February

Housing starts increased 0.8% in February, and building permits rose to the highest level in five years, the Commerce Department said Tuesday.

March 19, 2013
Business

UPS Acquires VN Post Express’s 49% Interest in Joint Venture

UPS Inc. said it has acquired Vietnamese delivery company VN Post Express’s 49% interest in the two companies’ express delivery joint venture.

March 19, 2013
Business, Fuel

Diesel Drops Again, Falling 4.1¢ to $4.047

Diesel’s national average pump price fell for a third consecutive week, declining 4.1 cents to $4.047 a gallon, while gasoline dipped 1.4 cents, the Department of Energy said.

March 19, 2013
Government, Business

Obama to Nominate Civil Rights Lawyer as New U.S. Secretary of Labor

Thomas Perez, currently head of the Civil Rights division of the U.S. Justice Department, is President Obama’s choice for labor secretary.

Michele Fuetsch | Staff Reporter
March 18, 2013
Business

More Than 70,000 Expected at MATS This Week

More than 70,000 trucking industry professionals from around the world are expected to attend this week’s Mid-America Trucking Show in Louisville, Ky., the Louisville Courier-Journal reported.

March 18, 2013
Business

All Pilot Flying J Locations to Have DEF at Pump

Pilot Flying J said it plans to have diesel exhaust fluid at the pump available at all diesel lanes by this fall.

March 18, 2013
Business

Fastfrate Acquired by Investment Firm

Investment firm Tepper Holdings said it has acquired a majority stake in Canadian carrier Consolidated Fastfrate from private equity firm Fenway Partners. Terms were not disclosed.

March 18, 2013
Business, Fuel

Oil Falls From Three-Week High

Oil fell from a three-week high in early trading Monday, declining more than $1 to just over $92 a barrel, Bloomberg News reported.

March 18, 2013
Perspective, Business

Opinion: A New ‘Tax’ on Carriers

On Oct. 1, an estimated 150,000 motor carriers currently engaging in unlicensed brokerage will find themselves subject to what amounts to an enormous new tax, courtesy of the latest transportation funding law — Moving Ahead for Progress in the 21st Century, or MAP-21.

March 18, 2013