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, Fuel

Crude Oil Falls After Smaller-Than-Expected US Inventory Drop

Oil slipped after an industry report was said to show a smaller-than-anticipated U.S. crude inventory decline.

Mark Shenk | Bloomberg News
April 19, 2017
Business, Logistics

Video: Will Knight-Swift Merger Catch Feds' Interest?

Will the planned merger of Knight Transportation Inc. and Swift Transportation — one of the trucking industry's largest mergers ever — catch the attention of federal antitrust regulators? Watch as TT Senior Features Writer Daniel Bearth provides his take on that question for colleague Eugene Mulero.

April 18, 2017
Government, Business

After Failed FedEx Prosecution, Justice Department Institutes New Procedures

SAN FRANCISCO — The U.S. Justice Department in San Francisco has instituted new oversight for complex cases, a federal prosecutor said, following a failed drug conspiracy prosecution against delivery service FedEx Corp.

Dan Levine | Reuters
April 18, 2017
Business

Monroe Truck Equipment Acquires Towmaster

Monroe Truck Equipment acquired Towmaster Inc., a Litchfield, Minn.-based manufacturer of tag and large fifth-wheel trailers for construction and rental markets. The company also distributes and installs truck equipment for municipal and commercial fleet operators specializing in snow and ice removal.

April 18, 2017
Business, Technology

Chinese Truckmaker Says Its Driverless Truck Ready for the Road by Next Year

A driverless truck passed a navigation test in China last week and its manufacturer, FAW Jiefang Automotive Co., said it plans to commercialize the vehicle as early as next year, the Asia News Network reported.

April 18, 2017
Business

Comcar Industries Appoints Michael Ryan CEO

Logistics and transportation company Comcar Industries appointed Michael Ryan CEO and president effective April 17.

April 18, 2017
Business, Technology, Equipment

2017 Mid-America Trucking Show

April 18, 2017
Business

Truck Tonnage Hurt by Late Winter Storms in March

Truck tonnage rose 0.7% last month compared with March 2016, although the American Trucking Associations’ chief economist said that late winter storms hurt the index compared with this past February.

Ari Ashe | Staff Reporter
April 18, 2017
Business

Quality of Driver Medical Examinations Is Inconsistent, ATRI Reports

The quality of truck and bus driver physical exams administered by certified Federal Motor Carrier Safety Administration medical examiners is inconsistent, according to new analysis by the American Transportation Research Institute.

Eric Miller | Senior Reporter
April 18, 2017
Business

GLS Acquires Second Parcel Delivery Firm in US

European parcel delivery firm General Logistics Systems is further expanding its presence in North America with the purchase of Postal Express Inc. in Bellevue, Wash., for $13.3 million.

April 18, 2017