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.
England Logistics President Beardall Begins Tenure as TIA Chairman
LAS VEGAS — England Logistics President Jason Beardall has officially begun his tenure as chairman of the Transportation Intermediaries Association, following the 2017 TIA Capital Ideas Conference.
Drivers Won't Pay Much More at Pump This Summer
American drivers paying the most for gasoline since 2015 can take some comfort from forecasts that prices don’t have much further to rise.
Why XPO's Billionaire CEO Brad Jacobs Is Putting Dealmaking on Hold
Brad Jacobs made a fortune during a decadeslong wave of mergers and acquisitions. Now he’s putting dealmaking on hold and focusing his attention on expanding XPO Logistics Inc. from the inside.
Job Openings in US Climbed in February to a Seven-Month High
U.S. job openings climbed in February to a seven-month high, signaling a resilient labor market, a Labor Department report showed April 11.
Knight, Swift Merge to Form $5.1 Billion Truckload Carrier
Knight Transportation Inc. and Swift Transportation are merging to create what they say will be the trucking industry's largest full truckload company: Knight-Swift Transportation Holdings Inc.
April 10, 2017Video: How the Knight-Swift Merger Affects Drivers
In this video posted April 10 on Knight Transportation's Facebook page, Knight Executive Chairman Kevin Knight says Swift Transportation and Knight Transportation will remain independent brands and operations after their merger announcement.
April 10, 2017Eaton, Cummins to Form Joint Venture for Automated Transmissions
Eaton Corp. and Cummins Inc. have agreed to form a joint venture to produce automated transmissions for medium- and heavy-duty trucks, a move that would deepen the suppliers’ long-standing powertrain alliance.
Diesel Rises 2.6¢ to $2.582 a Gallon
The U.S. average retail price of diesel rose 2.6 cents to $2.582 a gallon, the Department of Energy reported April 10.
April 10, 2017Funding Boost Needed for Autonomous Vehicle Technology, Senators Say
Additional funding would help advance the U.S. Department of Transportation’s testing and deployment of connected and autonomous vehicle technologies, nine senators recently told the leaders of a transportation funding subcommittee.
Retired New York Teamsters to Get Few More Months Before Benefits Decline
Retired truck drivers will have at least a few more months before any pension cut lowers their monthly benefits after administrators of the New York State Teamsters Conference Pension and Retirement Fund temporarily withdrew their application to the Department of the Treasury.
April 10, 2017