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

Gasoline Declines 5¢ in Two Weeks to $3.38, Lundberg Survey Says

Gasoline’s national average price declined 5 cents in the past two weeks to an average $3.38 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.

November 21, 2011
Business, Technology

Concerns About Onboard Devices Persist

Although many motor carriers have readily embraced onboard computers and electronic onboard recorders — largely because they provide easy communication between trucks and company terminals — they have some concerns about the devices, fleet managers and industry observers said.

November 21, 2011
Business, Technology

NavStar Secures $2.4 Million to Develop GPS Tracking, Hire Employees

Nascent electronic onboard recorder maker NavStar Technologies announced it has secured $2.4 million in funding from an unidentified investment group in Southern California.

November 21, 2011
Business, Technology

PeopleNet, ALK, Paragon Unveil Software Upgrades

PeopleNet Communications, ALK Technologies and Paragon Software said they have upgraded their trucking navigation software.

November 21, 2011
Business, Technology

C.H. Robinson, Pilot Flying J Debut Phone Apps

C.H. Robinson Worldwide and Pilot Flying J said they have unveiled new phone apps to aid truck drivers.

November 21, 2011
Perspective, Business

Opinion: Managing Cargo Security

Cargo theft is on the rise, and, thanks to various reporting groups, we carriers, shippers and consignees are now able to track theft patterns and take steps to reduce our chances of being involved in such incidents.

November 21, 2011
Business

October Truck Sales Skyrocket

Heavy-duty truck sales in the United States skyrocketed in October, doubling from the corresponding month last year, and with a 174.2% sales gain by Navistar Inc. leading to the industry’s greatest single-month volume since January 2007.

November 21, 2011
Business, Technology

Onboard Computers Are Gaining Acceptance Among Truck Drivers After Initial Skepticism

Onboard computers, which many drivers and fleet managers greeted with much skepticism when they were introduced, have become a popular in-cab device, according to  several users.

November 21, 2011
Business

TIA, NITL Close to Finishing Revision of Model Broker-Shipper Agreement

ATLANTA — The Transportation Intermediaries Association and the National Industrial Transportation League are nearing completion on a revised model agreement between brokers and shippers that is designed to serve as a model contract for freight transactions, TIA’s president said.

November 21, 2011
Business

U.S. Xpress, CRST Outline Expanded Services

ATLANTA — Large truckload carriers U.S. Xpress Enterprises and CRST International last week said they are expanding their team-driver service offerings to tap the refrigerated truckload market for produce shipments.

November 21, 2011