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.

Government, Business

EPA Air Regulatory Official Stepping Down

Margo Oge, the high-level official for the U.S. Environmental Protection Agency who has spearheaded the agency’s efforts to reduce air pollution and greenhouse gas emissions from the U.S. transportation sector, is retiring from the agency where she worked for more than three decades.

Eric Miller | Senior Reporter
September 4, 2012

Best Carrier TMS Software in 2024: How to Choose

Transitioning from basic load board tools or spreadsheets to an advanced, integrated Transportation Management System (TMS) is a critical step for mid-sized truckload carriers aiming to scale effectively and sustain long-term competitiveness.

Business

Pilot Completes Acquisition of Maxum Petroleum

Pilot Flying J said Tuesday it has completed its deal to gain controlling interest in Maxum Petroleum.

September 4, 2012
Business, Fuel

Oil Tops $97 a Barrel Following Holiday

Oil rose to more than $97 a barrel, its highest intraday price in a week, following the Labor Day holiday, as investors speculated that European central banks will do more to stimulate economies, Bloomberg reported.

September 4, 2012
Letters to the Editor, Government, Business, Technology, Equipment

Letter: Do the Right Thing

Let me understand you correctly: If a driver runs out of time 30 minutes from the yard and is on an electronic onboard recorder, “He either spends the night 20 miles from home or, more likely, breaks the law and comes to the yard anyway.”

September 3, 2012
Perspective, Business

Opinion: Independent Contractors Under Fire

Transportation companies with independent contractor relationships should brace themselves for potential misclassification challenges from multiple fronts. Given the budget crises facing many states and the federal government, the interests of legislators, government agencies and unions have aligned, resulting in a coordinated effort to discourage the use of independent contractors — or to reclassify them as employees.

September 3, 2012
Business, Logistics

July Trailer Orders Rise 0.2% as Fleets Remain Cautious

Orders for new trailers rose a slight 0.2% in July from a year earlier to 13,339, ACT Research reported.

September 3, 2012
Business, Equipment

Tire Maintenance Effective in Preventing Blowouts

The price of the service call to replace a blown truck tire on the road can run about $500, industry experts and fleet managers said, adding that the total costs can be much higher.

September 3, 2012
Business

ABF Freight Wants Direct Negotiations with Teamsters on New Labor Contract

Officials of less-than-truckload carrier ABF Freight System said they have notified the Teamsters union they want to negotiate directly on a new labor contract next year and not as part of an industry group.

September 3, 2012
Business

Ustian Departs Navistar; Clarke to Lead Firm’s Shift to SCR Engines

Daniel Ustian last week stepped down and retired as chairman, CEO and president of Navistar International Corp., as the company he helped to build saw its financial fortunes turn after its 13-liter engine failed to comply with federal emissions standards.

September 3, 2012
Business, Technology

Trimble Agrees to Acquire TMW, Adding to Its Truck Tech Family

Trimble Navigation Ltd. said it has agreed to purchase TMW Systems Inc. for $335 million in a deal that will bring the largest transportation software provider under the same ownership as PeopleNet Communications Corp., which Trimble acquired a year ago.

September 3, 2012