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, Logistics

Dry Van Demand Sends Trailer Orders Surging

U.S. net trailer orders in January shot up 92% year-over-year to almost 33,000 as dry van demand surged ahead, much as it has since November, ACT Research Co. said.

February 23, 2017
Business

ATA to Support New Commercial Vehicle Tradeshow

American Trucking Associations will be a supporter of the new North American Commercial Vehicle Show that debuts in Atlanta on Sept. 25-29.

February 23, 2017
Government, Business

Infrastructure Stocks Slump as Stimulus Not Seen Until 2018

Investors who bet Donald Trump would quickly make good on his pledge to fix the nation’s highways and bridges are being taken for a road-trip in financial markets.

Luke Kawa | Bloomberg News
February 23, 2017
Business

Congestion Costing Kentucky Drivers $4 Billion Annually, Report Shows

Traffic throughout the Bluegrass State is costing each motorist around urban regions nearly $1,900 annually, a new report by a transportation research group found.

February 23, 2017
Business

Vigillo Acquired by SambaSafety

Driver risk-management firm SambaSafety has acquired Vigillo, a provider of data analytics software designed to help carriers manage their performance under the federal Compliance, Safety, Accountability program.

Seth Clevenger | Managing Editor, Features and Multimedia
February 23, 2017
Business

Ritchie Bros. Orlando Auction Expected to Be Its Biggest of Year

ORLANDO, Fla. — The Ritchie Bros. auction here Feb. 20-24 is scheduled to be the company’s biggest of the year, putting up for bid 10,092 pieces of industrial-based equipment arrayed side-by-side across more than 200 acres and including hundreds of Class 8 and medium-duty trucks, company executives said.

Roger Gilroy | Senior Reporter
February 23, 2017
Business

Conveyor Belt System to Move Cargo Around Great Lakes Locks Raises Questions

WASHINGTON — Members of Michigan’s congressional delegation raised concerns today that the Army Corps of Engineers may be considering an unorthodox alternative in a cost-benefit study that, if true, could potentially hurt the case being made for a new super-size navigational shipping lock at a key chokepoint on the Great Lakes.

Todd Spangler | Detroit Free Press
February 23, 2017
Business

Wilmington Port Adds Weekly Container Service to Europe

The Port of Wilmington is adding an additional weekly container service connecting Southeastern North Carolina to destinations in Europe, the port said Feb. 23.

Tim Buckland | Star-News (Wilmington, N.C.)
February 23, 2017
Business, Equipment

Poor January Retail Sales May Signal the Market Hit Bottom

U.S. retail sales of Class 8 trucks in January — typically a skimpy point in any year — barely squeaked past 10,000 units and were the lowest in nearly six years as they fell 31.4% year-over-year, WardsAuto.com reported.

February 23, 2017
Business

Claims for Jobless Benefits Point to Firm Job Market

The number of Americans filing for unemployment benefits increased last week, while staying within a range that shows subdued firings.

Patricia Laya | Bloomberg News
February 23, 2017