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.
XPO Says Thanks a Million to Drivers Safely Reaching Milestone
XPO Logistics celebrated drivers with at least 1 million accident-free miles at a two-day celebration in Ann Arbor, Mich., in mid-June, including a question-and-answer session hosted by company CEO Brad Jacobs.
Schneider Responds to Industry Demand With New Phoenix Facility
A new Schneider facility opened June 22 in Phoenix. A truckload, intermodal and logistics provider, Schneider’s investment indicates its response to “industry demand by significantly investing in this growing region,” according to a press release.
June 22, 2017Mixed Data on US Consumer Comfort Suggest Restrained Spending
Declining confidence among Americans in their personal finances and the buying climate may restrain spending even as the economic outlook improves, Bloomberg Consumer Comfort Index figures showed June 22.
June 22, 2017Ex-Trooper Pleads Guilty to Accepting Bribes From Trucking Company for Favorable Inspections
A former Texas Department of Public Safety sergeant has pleaded guilty to corruption charges in federal court for accepting bribes from the owner of a Dallas trucking company for favors related to the inspection of his fleet, court records show.
Jobless Claims Show Tight Labor Market, Even With Increase
The slight gain in filings for U.S. unemployment benefits last week is still consistent with a resilient job market, Labor Department figures showed June 22.
June 22, 2017Haldex Introduces Online Savings Calculator
Haldex AB introduced its online air disc brake savings calculator to help fleets determine the long-term savings of air disc brakes compared with drum brakes over the life of either the tractor or trailer.
June 22, 2017Hours-of-Service Truck Driving Law Could Damage Livestock Industry
A new federal law that drastically reduces the number of hours truck drivers can be on the road could seriously affect the livestock industry in Oklahoma and other states where animal production is critical to the economy.
Rep. LaMalfa Proposes Bill to Repeal Excise Tax on Trucks
Pence, Ryan Pledge Action on Tax Cuts, Reform
Pepsi Heads Seven Fleets Competing in Run on Less Event
Seven fleets are participating in national Run On Less event hosted by the North American Council for Freight Efficiency and Carbon War Room, led by PepsiCo Inc., which ranks No. 1 on the Transport Topics Top 100 rankings of private carriers in North America.