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

Consumer Confidence Is at 17-Year High

U.S. consumer confidence jumped to a 17-year high as optimism about employment prospects grew and Americans began seeing additional money in their paychecks from recently enacted tax cuts, data from the New York-based Conference Board showed Feb. 27.

February 27, 2018
Business, Technology

Omnitracs Announces Unified Software Platform

NASHVILLE, Tenn. — Omnitracs announced plans to launch a unified software platform for its mobile communications systems, a move designed to provide fleets with greater flexibility during a time of rapid change for the trucking industry.

Seth Clevenger | Managing Editor, Features and Multimedia
February 27, 2018
Business, TCA

FedEx Says It Backs Assault Rifle Ban, but Won’t Cease Business With NRA Due to Politics

Overnight shipping giant FedEx defended its business relationship with the National Rifle Association Feb. 26, saying the gun group is just another client whose politics they ignore.

Leonard Greene | New York Daily News
February 27, 2018
Government, Business

J.J. Keller Completes ELD Software Updates to Fix Data Transfer Problems

J.J. Keller & Associates said it has released software updates that resolve data transfer problems with its electronic logging devices.

February 27, 2018
Business

Orders for Business Equipment Unexpectedly Fell in January

Orders for business equipment at U.S. factories unexpectedly fell for a second month, a sign that demand is cooling from its hot pace in recent quarters, a Commerce Department report showed Feb. 27.

Katia Dmitrieva | Bloomberg News
February 27, 2018
Government, Business, Technology

FMCSA Clarifies ELD Guidance for Horse Haulers

The Federal Motor Carrier Safety Administration has issued a new slate of guidelines to mitigate confusion over whether livestock haulers, including those who transport their horses, are required to install electronic logging devices on their trucks or possess a commercial driver license.

Eric Miller | Senior Reporter
February 26, 2018
Business

Universal Logistics Reports Solid Year

Universal Logistics Holdings Inc. reported fourth-quarter net income of $24.4 million, or 86 cents per share, compared with $2.7 million, or 10 cents, in the fourth quarter of 2016.

Burney Simpson | Staff Reporter
February 26, 2018
Government, Business, Technology, Equipment, Logistics

Tell Us Your Vision of the Future of Logistics

How will technology and innovation change the business of transportation and logistics? That’s a question we are exploring as part of a series of articles on the theme, “Navigating the Future,” in Transport Topics this year.

February 26, 2018
Business, Technology, Fuel

Diesel Technician Program Receives $400,000 From Kenworth Sales

The trucking industry’s need for diesel engine technicians spurred Kenworth Sales Co. to donate $400,000 to the Diesel Tech Pathways program at Salt Lake Community College’s Westpointe Center, according to the company.

Burney Simpson | Staff Reporter
February 26, 2018
Business, Logistics, TCA

Magellan Transport Logistics Plans Major Florida Expansion

Magellan Transport Logistics, the nation’s largest Service-Disabled Veteran-Owned Small Busines,s is setting down solid roots in Jacksonville, Fla., with a significant expansion of its North American logistics headquarters.

Teresa Stepzinski | The Florida Times-Union (Jacksonville, Fla.)
February 26, 2018