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.
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.
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, 2017After 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.
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, 2017Chinese 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, 2017Comcar Industries Appoints Michael Ryan CEO
Logistics and transportation company Comcar Industries appointed Michael Ryan CEO and president effective April 17.
April 18, 20172017 Mid-America Trucking Show
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.
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.
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