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

Private Equity Firm Buys L.A. Trucking Company

Private equity firm Atlantic Street Capital said Monday it has acquired EZE Trucking, which provides specialty logistics services for the infrastructure market. Terms were not disclosed.

April 6, 2009

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.

Letters to the Editor, Government, Business, Safety

Letters: Closed Rest Areas, Those Railroad Ads (Cont.), Diesel Prices, Road Tax, Honoring Covenants

Someone needs to read the article that was published about the truck driver shot and killed in Knoxville, Tenn.

April 6, 2009
Editorial, Business, Safety, Government

Reopening the Border

We’re pleased to see that President Obama’s administration is at work crafting a plan to reopen the United States to trucks from Mexico, as agreed to years ago when the North American Free Trade Agreement was ratified.

April 6, 2009
Government, Business, Safety

Coast Guard to Review Biometric Devices in Bid to Make TWIC Cards More Secure

The U.S. Coast Guard is beginning to review how biometric devices should be added to federal transport security cards that are becoming mandatory for truckers and everyone else who wants access to secure port areas.

April 6, 2009
Business, Government

Mid-States Ceases Operations

Four more trucking companies, including Chicago-area less-than-truckload carrier Mid-States Express Inc., have filed for Chapter 11 bankruptcy protection, becoming the latest casualties of the continuing economic downturn and credit crunch.

April 6, 2009
Government, Business, Safety, Equipment

FedEx Wins Wash. State Class Action Suit over Classification of Drivers as Contractors

FedEx Corp. last week won a Washington state class action case that affirmed the company’s position on driver classification.

April 6, 2009
Government, Business, Safety

After Chasing Criminals in Arizona, Dick Landis Came East to Tame Newly Deregulated Industry

PHOENIX — As an Arizona highway patrol officer for 14 years in the 1970s and ’80s, Dick Landis chased illegal immigrants, drunken college students, speeding motorists and even hardened drug dealers up and down just about every strip of concrete slicing through the state’s scalding, lonely desert.

April 6, 2009
Government, Business, Safety

Accounting Boards Propose Rules Change That Could Alter Truck Leasing Industry

An accounting rules shift could trigger fundamental changes in a truck leasing market worth as much as $70 billion by reducing the attractiveness of renting equipment and reducing fleets’ access to debt.

April 6, 2009
Government, Business, Logistics, Fuel

Diesel Price Jumps 13.1¢

U.S. retail diesel prices jumped sharply last week, a second straight bump that raised the national average a two-week total of 20.4 cents a gallon, or about 10%, as gasoline also rose, topping the $2 a gallon mark for the first time since November, according to the Department of Energy.

April 6, 2009
Business, Government, Safety, Fuel

Bill Aims to Cut Emissions with Cap-and-Trade Plan

Two senior House Democratic leaders last week introduced a sweeping greenhouse gas bill that includes a cap-and-trade program and would expand motor carriers’ use of SmartWay technologies.

April 6, 2009