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, Equipment

Floodwaters Bring Warnings of Damaged Truck Components

Brakes, diesel particulate filters, electronics and wheel-ends are some of the key components that fleets should inspect on their vehicles as they recover from flooding brought on by hurricanes Harvey and Irma, experts said, adding that without remediation safety component failures are likely to surface in a matter of months.

Roger Gilroy | Senior Reporter
September 20, 2017
Business

Existing-Home Sales Fall to a One-Year Low After Hurricane Harvey

Sales of previously owned U.S. homes declined to a one-year low in August as affordability continued to hamper demand and Hurricane Harvey caused a slump in Houston-area purchases, a National Association of Realtors report showed Sept. 20.

September 20, 2017
Business, Technology

Fleet Complete Adds BlackBerry's Tracking Device to Platform

BlackBerry and Fleet Complete have agreed to a reselling partnership that will make the BlackBerry Radar trailer and container tracking device available to users of Fleet Complete’s asset management platform.

September 20, 2017
Business, Logistics

UPS Hiring 95,000 Seasonal Workers to Keep Up With Holiday Surge

UPS Inc. expects to hire 95,000 temporary workers this year to help it with the annual holiday surge, when daily shipments rise by more than half.

Michael Sasso | Bloomberg News
September 20, 2017
Government, Business, Logistics, TCA

Cross-Border Training Seeks to Cut Time, Improve Safety for Truckers at Arizona Ports of Entry

Arizona is the first state in the country to have inspectors travel across the border to train commercial truck drivers on how to cut crossing times at ports of entry while improving safety.

September 20, 2017
Business, Logistics

Brokers Move More Truckload Freight in Second Quarter

Freight revenue and volume grew single digits year-over-year in the second quarter, but margins shrunk during the same period because spot market rates were higher than mid-2016, according to the Transportation Intermediaries Association’s quarterly 3PL Market Report.

Ari Ashe | Staff Reporter
September 20, 2017
Government, Business, Equipment

Equipment Makers Set Up First ‘Fly-In’ With Washington Policymakers

The rare opportunity of reforming the federal corporate tax code and ensuring long-term funding for freight infrastructure in the coming months prompted the Association of Equipment Manufacturers to recently schedule its own meetings on Capitol Hill and the White House.

Eugene Mulero | Senior Reporter
September 20, 2017
Business, Technology, Equipment

FedEx Freight’s Mark McLean Wins Third SuperTech Crown

ORLANDO, Fla. — FedEx Freight technician Mark McLean captured his third Grand Champion title Sept. 19 at American Trucking Associations’ Technology and Maintenance Council National Technicians Skills Competitions, most in the 13-year history of the event.

Fran Matso Lysiak | Features Editor
September 19, 2017
Business

FedEx Quarterly Profits Decline on TNT Cyberattack, Hurricane Harvey

FedEx Corp. remained profitable during the three months ended Aug. 31, but at a lower level than a year ago as the Memphis, Tenn.-based carrier had to overcome challenges from a malware infestation in Europe and from Hurricane Harvey in southeast Texas.

Jonathan S. Reiskin | Associate News Editor
September 19, 2017
Business

Cass Freight Indexes for Shipments, Expenditures Both Rise in August

The number of U.S. freight shipments made and the amount of money spent to transport them both increased in August, according to a Sept. 19 report on freight from Cass Information Systems.

Jonathan S. Reiskin | Associate News Editor
September 19, 2017