Business
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.
Jobless Claims Decrease to Lowest Level Since February
A strengthening labor market remains an engine for U.S. growth as the number of Americans filing for unemployment benefits dropped to the lowest since February, Labor Department data showed Aug. 17.
Certain Insurance Coverages May Not Protect Fleets Against Cyberattack Losses, Experts Warn
The cyberattack that befell FedEx Corp.’s TNT Express unit earlier this summer highlights an ever-increasing risk that many trucking fleets are up against — and which may not be insured under the typical coverages they carry, insurance industry experts say.
House Democratic Transportation Leader Blasts Trump’s Executive Order
President Donald Trump is consistently falling short on his promise to modernize the country’s intricate infrastructure network, said the top Democrat on the House transportation panel.
Trump Ends Business Councils as CEOs Turn Against President
Donald Trump said he’s disbanding two advisory groups of American business leaders, after CEOs quit this week as the president faced blowback for failing to sufficiently condemn white supremacists.
Class 8 Sales Increase 8.7% in July
U.S. retail sales of Class 8 trucks rose in July, the first year-over-year gain since November 2015, amid reports carriers have begun expanding fleet size to meet rising demand now or to prepare for expected growth in 2018.
Replay: LiveOnWeb on 'The ELD Landscape Ahead'
How will the ELD mandate affect fleets' bottom lines? On our Aug. 23 LiveOnWeb program 'The ELD Landscape Ahead,' TT Managing Editor/Features Seth Clevenger presented the perspectives of a regulator, a fleet executive and a logistics expert. Watch the replay.
August 16, 2017Old Dominion to Raise Rates 3.5% on Sept. 1
Old Dominion Freight Line Inc. will raise rates on Sept. 1, 2017, but at a lower rate than a similar increase announced last summer.
GAO: Condition of Large U.S. Bridges Improving, but Challenges Remain
The condition of the nation’s large bridges has improved over the last decade, but state transportation officials have faced challenges constructing or completing major projects on large bridges over the past five years, according to a new report by a congressional watchdog agency.
‘American Truck Trends’ Quantifies Size of Industry
U.S. trucks moved more than 70% of the nation’s freight last year, and the companies that owned those vehicles employed 7.4 million people, according to a new publication from American Trucking Associations.
August 16, 2017Two Equity Firms Close to Deal for 3PL Transplace
Two private equity firms are close to a deal that will transfer ownership of third-party logistics provider Transplace, probably by the end of September.