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, Autonomous

Industry Advocate Pennington Dies at 64

Longtime trucking industry figure Mike Pennington passed away suddenly Dec. 5. He was 64.

December 15, 2014

Truckbase Business Overview, Features, Reviews 2024

Truckbase has emerged as the next-generation truck dispatch software leader with its suite of easy-to-use tools for truckload carriers.

Business

FMCSA Ends Inspection Reporting Unless Drivers Find Vehicle Defects

The Federal Motor Carrier Safety Administration has rescinded a requirement that commercial drivers file inspection reports when there are not any vehicle defects or deficiencies.

December 15, 2014
Business, Technology

Konezny to Depart Trimble

Ron Konezny, head of Trimble Navigation’s global transportation and logistics division, said he is leaving to become CEO of Digi International Inc.

December 15, 2014
Business

Shortage of Freight Rail Locomotives Seen on Emissions Rules, Production Cutbacks

A shortage of locomotives to power intermodal and other rail freight is looming because of restrictions on future production and current constraints stemming from carrier delays, industry experts said.

December 15, 2014
Business

West Coast Port Talks Drag On

Labor talks at West Coast ports dragged into their eighth month last week, with continued reports of cargo slowdowns, freight diversions and officials pleading for a tentative agreement.

December 15, 2014
Business

UTi’s Fiscal 3rd Quarter Losses Mount

UTi Worldwide Inc. last week reported a quarterly loss that more than tripled to $34 million, or 35 cents per share, in the wake of the abrupt departure of CEO Eric Kirchner and acquisition talks that were canceled.

December 15, 2014
Business, Fuel

Diesel Dives 7¢ to $3.535

The U.S. diesel average price dropped 7 cents last week, to $3.535 a gallon, and the Department of Energy said prices should fall below $3 next spring for the first time since 2010.

December 15, 2014
Government, Business

Congress Debates Spending Bill

House Democratic opposition to relaxing a key financial measure was holding up passage of a $1 trillion omnibus funding bill that includes a suspension of the hours-of-service restart provision as Transport Topics went to press.

December 15, 2014
Business

'Share the Road' Truck Delivers Message, Wreaths

American Trucking Associations' Share the Road truck participated for the ninth straight year, delivering a shipment of handmade wreaths, as hundreds of volunteers laid more than 200,000 wreaths at Arlington National Cemetery Dec. 13. See photos.

December 13, 2014
Business

Ingersoll Rand to Expand Reefer Business with Frigoblock Acquisition

Ingersoll Rand said it has agreed to purchase Frigoblock, a European manufacturer of transport refrigeration units, for 100 million euros ($125 million).

Seth Clevenger | Managing Editor, Features and Multimedia
December 12, 2014