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, Fuel

Gasoline Dips 1.3¢ to $3.62, Lundberg Survey Says

Gasoline’s national average price dropped 1.3 cents in the past two weeks to an average $3.615 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.

July 11, 2011

Best Trucking Accounting Software 2024

If you’re simply looking for a bookkeeping tool, you can stop reading here, and look no further than QuickBooks. If you’re embracing the notion that trucking accounting goes far beyond that, or want to have a more expansive trucking accounting system of which QuickBooks is a key part, then read on.

Business

June Class 8 Truck Orders Top 20,000 for Eighth Straight Month

Truck manufacturers received more than 20,000 orders for new Class 8 vehicles in June in North America, the eighth consecutive month above that level and 33% higher than June 2010, two market research firms reported.

July 11, 2011
Editorial, Government, Business, Safety, Autonomous

Opening the Border

Congratulations to the U.S. Department of Transportation for finalizing the cross-border trucking program with Mexico.

July 11, 2011
Business

More Carriers Employing New Technologies as Shippers Demand Real-Time Cargo Tracking

Many carriers are finding it necessary to provide shippers with real-time tracking for their loads if they want to retain valued customers,  several trucking and software company executives have said.

July 11, 2011
Business

Survey Finds Fewer Technical Problems With 2009 Trucks Than Previous Year

Owners of 2009 Class 8 trucks reported a drop in mechanical and technical problems from the previous year, including problems with engines, usually the largest source of complaints, J.D. Power and Associates said in a report.

July 11, 2011
Business

UPS, ABF Raise Rates 6.9%, Heralding Industry Increases

UPS Freight and ABF Freight System, two of the nation’s largest less-than-truckload carriers, recently announced general rate increases of 6.9% each, a move analysts said heralds an industry push to higher rates.

July 11, 2011
Business

FMCSA Says It Can Improve Road Safety by Regulating Shippers, Freight Brokers

The Federal Motor Carrier Safety Administration said it wants to extend its regulatory reach over the next five years to include not only trucks and buses but also shippers, brokers and receivers.

July 11, 2011
Business

Hair Tests Gain Favor Over Urinalysis in Drug Screens by Larger Carriers

Hair tests, which could keep more drug-abusing drivers off the road, are starting to gain favor among larger carriers though the number using them still are few and far between, experts said.

July 11, 2011
Business

U.S., Mexico Set Cross-Border Trucking Agreement

Top transportation officials of the United States and Mexico last week signed an agreement that will allow Mexican trucks to carry freight beyond border commercial trade zones, which will in turn prompt Mexico to remove $2.4 billion in retaliatory tariffs it imposed on U.S. products.

July 11, 2011
Business

Mica Proposes Highway Bill That Would Slash Funding

House Transportation Committee Chairman John Mica outlined a six-year, $230 billion transportation reauthorization plan that would sharply cut spending levels on road-related projects.

July 11, 2011