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.
Intermodal Motor Carriers Conference Taps Tyler Rushforth as New Executive Director
American Trucking Associations has chosen Tyler Rushforth as executive director of the Intermodal Motor Carriers Conference.
August 2, 2017Metro Supply Chain Has Acquired National Fulfillment Services
In a move to expand its e-commerce business in North America, Toronto-based Metro Supply Chain Group has acquired National Fulfillment Services.
Hundreds Show Up for Jobs at Amazon Warehouses in US Cities
Hundreds of people showed up Aug. 2 for a chance to pack and ship products to Amazon customers, as the e-commerce company held a giant job fair at nearly a dozen U.S. warehouses.
Changes at CSX Bring Complaints and Slowdown
CSX’s efforts to streamline its operations have brought complaints from customers about deteriorating service. But the head of the railroad is blaming the problems on resistance to change within the company.
Heartland Revenue Drops About 20%, Profits Down 11%, but CEO Remains Optimistic
Heartland Express Inc. reported that profits slipped 11% year-over-year after a significant decline in revenue, excluding fuel surcharges, due to shorter hauls during the second quarter.
ADP Data on Company Hiring in Sync With Moderate US Job Growth
The gain in hiring at companies in July, along with upward revisions to the prior month, is consistent with moderate growth in U.S. employment, according to data released Aug. 2 from the ADP Research Institute in Roseland, N.J.
August 2, 2017Freight Executives Tout Administration’s Focus on Regulations, Tax Reform
WASHINGTON — The Trump administration’s emphasis on streamlining regulations and reforming the U.S. tax code would help small businesses grow, freight executives said after a meeting at the White House on Aug. 1.
Volkswagen Increases Stake in Navistar
Volkswagen Truck & Bus, a unit of Volkswagen AG, has purchased nearly 300,000 additional shares of stock in Navistar International Corp.
FMCSA Improving Timeline for Investigating High-Risk Carriers, IG Audit Says
Federal Motor Carrier Safety Administration investigators are conducting more timely compliance reviews of high-risk motor carriers, but the agency faces challenges in ensuring that the reviews adequately address fleets’ safety performance, according to a new audit from the Department of Transportation inspector general.
Proposed Chicago Bypass Freight Railroad Responds to Opponents in Filing
Great Lakes Basin Transportation entered its response July 31 to opposition groups’ arguments that its application to build a 271-mile freight railroad from northwest Indiana to southeast Wisconsin should be rejected.