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.
Love’s Travel Stop to Open $10 Million Iowa Truck Stop
Surrounded by an army of construction workers, executives with Love’s Travel Stops joined community leaders at a groundbreaking for what will be an $8 million to $10 million Love’s Travel Plaza truck stop.
, June 30, 2017For One Spanish Company, the Autonomous Future Is Forklifts
In Burgos, a province in central Spain better known for archaeological digs and blood-sausages than for innovation, engineer Veronica Pascual is building automated vehicles. Not cars, though, but forklifts, stackers and pallet trucks.
June 30, 2017Sneak Peek: 2017 Top 100 For-Hire Carrier Rankings
Executive Editor Joe Howard and Senior Features Reporter Daniel Bearth provide a sneak preview of the 2017 Top 100 For-Hire Carrier Rankings.
June 30, 2017Car Hauler Jack Cooper Enterprises Averts Chapter 11 Bankruptcy
Car hauler Jack Cooper Enterprises Inc. and Jack Cooper Holdings Corp. have averted a Chapter 11 bankruptcy on June 29 after nearly 99% of those holding debt approved a plan to send back notes and receive fractions on the dollar.
Used Truck Volumes Up 35% in May; Pricing Stable as Dealerships Gain Sales
Used truck volumes rose 35% year-over-year in May amid stable pricing that led to gains in dealership sales.
Consumers Sour on Outlook While Happy With Their Finances
The weakest U.S. consumer expectations since the election indicate growing concern about prospects for President Donald Trump’s agenda, though Americans’ high satisfaction with their finances should support continued spending, University of Michigan survey data showed June 30.
June 30, 2017Union Pacific CEO Sees Growth With Mexico, Trump Rhetoric Aside
Union Pacific Corp. sees Mexico trade as a bright spot for its rail freight growth despite tough trade talk from President Donald Trump, CEO Lance Fritz said.
Class 8 Truck Repair Firm to Undergo $9 Million Expansion
Fitzgerald Collision & Repair will undergo a major expansion and create 220 new jobs in Tennessee.
Tepid Consumer Spending Keeps Economic Rebound On Track
The tepid pace of U.S. consumer spending in May was nevertheless enough to keep the economy on track for a rebound in the second quarter, helped by income gains.
June 30, 2017Take Me Out to the Ballgame and a Trucking Leadership Symposium
Ballpark Village, which is situated just outside the stadium where the St. Louis Cardinals play, provided a delightful venue for what was billed as a Trucking Leadership Symposium.