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

Federal Signal Corp. Completes Acquisition of Truck Bodies and Equipment International

Diversified manufacturer Federal Signal Corp. announced that it has completed the acquisition of Truck Bodies and Equipment International, a leading U.S. manufacturer of dump truck bodies and trailers for Classes 3-8 vehicles.

June 5, 2017
Business

Solid Pace of Expansion in US Services Shows Firmer Economy

Industries making up the bulk of the U.S. economy continued to expand at a solid pace in May, adding to signs of steady growth this quarter, a survey from the Institute for Supply Management showed June 5.

Michelle Jamrisko | Bloomberg News
June 5, 2017
Business

Dickinson Fleet Services Completes Acquisition of Reliable Mobile Service

Dickinson Fleet Services, along with majority shareholder Ridgemont Equity Partners, completed the acquisition of Reliable Mobile Service.

June 5, 2017
Business

Matheson Hires Mark Evans as CFO

Matheson Inc., a privately held company that specializes in small parcel delivery, has hired Mark Evans as chief financial officer.

June 5, 2017
Government, Business, Logistics

Senators to Question Chao on Infrastructure, Budget

Secretary of Transportation Elaine Chao is headed to Capitol Hill to field questions from senators critical of the Trump administration’s 10-year infrastructure plan and proposal to reduce funding for transportation programs.

Eugene Mulero | Senior Reporter
June 5, 2017
Business

Opinion: Elevate Drivers From Second-Class Citizens

For the past nine years, we’ve been running the annual Best Fleets to Drive For program in partnership with Truckload Carriers Association. Every year, we learn what fleets are doing for their drivers. We interview fleet management and survey drivers. We learn what works and what doesn’t. And we see trends.

Jane Jazrawy | CEO, CarriersEdge
June 5, 2017
Government, Business, Technology, Equipment

Editorial: Growing Pains From Progress

With East Coast ports beginning to welcome the largest containerships capable of passing through the recently expanded Panama Canal, trucking will soon feel the effects of this new era in shipping.

June 5, 2017
Government, Business

Freight, Construction Groups Push Back on Trump’s Efforts to Defund TIGER Grants

Groups representing the highway freight and construction sectors are pressuring members of Congress to continue to fund Obama-era infrastructure grants the Trump administration is proposing to eliminate.

Eugene Mulero | Senior Reporter
June 5, 2017
Business, Equipment

Growth of Regional Hauling to Lift VNR Sales, Volvo Says

WINSTON-SALEM, N.C. — Volvo Trucks North America expects market shifts that range from the expanded Panama Canal to the strongest construction market in a decade to lift demand for its new VNR regional- haul model, company representatives said.

Joe Howard | Executive Editor
June 5, 2017
Business, Equipment

Chassis Providers Tout Equipment Upgrades, but Truckers Offer Mixed Reviews on Progress

Chassis providers have invested millions into renovating their equipment and buying new units to provide draymen a better experience, but while some trucking executives praise the work, others still haven’t seen the payoff.

Ari Ashe | Staff Reporter
June 5, 2017