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, Government, Technology, Equipment, Fuel

Drivewyze Adds Bypass Service in South Carolina

Drivewyze Inc. said it has introduced its PreClear weigh-station bypass service to South Carolina, making it the 38th state where the service is available.

January 26, 2017
Business, Technology

SunteckTTS Adopts Transflo Telematics System

Pegasus TransTech announced that transportation firm SunteckTTS has adopted the Transflo Telematics system to implement electronic driver logs and workflow management.

January 26, 2017
Business, Safety, Government, Fuel

Lakeville Motor Express Sued for Fraud, Wage Theft

The Minnesota Department of Labor and Industry has sued Lakeville Motor Express, LME Inc. and Finish Line Express, charging that the companies committed fraud and wage theft when Lakeville closed its doors without notice shortly before Thanksgiving.

Ari Ashe | Staff Reporter
January 26, 2017
Business

Sales of New Homes at 10-Month Low as Mortgage Rates Jump

Purchases of new U.S. homes fell in December to a 10-month low, suggesting the post-election jump in mortgage rates pushed out potential buyers.

Patricia Laya | Bloomberg News
January 26, 2017
Government, Business

Proponents Believe S.C. Might Finally Address Transportation Funding Crisis

Transportation bills introduced in both houses of the South Carolina Statehouse aim to address the state’s $1.2 billion infrastructure funding shortfall and succeed where a  House-approved $4 billion transportation funding measure failed to pass in the Senate last year.

David Elfin | Staff Reporter
January 26, 2017
Business

Jobless Claims Rise to Four-Week High Amid Holiday Volatility

Filings for U.S. unemployment benefits rose more than forecast last week amid holiday-related volatility, while remaining low by historical standards.

Patricia Laya | Bloomberg News
January 26, 2017
Business

Covenant Transportation Earnings Fall

Net income at dry van and refrigerated carrier Covenant Transportation Group fell by more than 50%, year-over-year, for both the fourth quarter and the full year, the Chattanooga, Tennessee, truckload fleet reported Jan. 25.

Jonathan S. Reiskin | Associate News Editor
January 25, 2017
Business

Knight Transportation Profits Plummet 24%; Positive Future Predicted

Knight Transportation Inc. reported profits plummeted 24% in the fourth quarter, blaming the results on low gas prices, a poor used-truck market and two class-action lawsuits.

Ari Ashe | Staff Reporter
January 25, 2017
Government, Business, Technology

Rep. Debbie Dingell: Members of Congress Aware of Need for Vehicle Automation Policy

WASHINGTON — Advancements in self-driving vehicles merit a uniform set of guidelines that would ensure the safety of motorists and the smooth connectivity of freight corridors, Rep. Debbie Dingell (D-Mich.), an auto industry proponent, said Jan. 25 ahead of the Washington Auto Show.

Eugene Mulero | Senior Reporter
January 25, 2017
Government, Business

Infrastructure Pushed During NGA Leaders’ State of the States Address

WASHINGTON — Infrastructure received prominent billing Jan. 25 when Virginia’s Terry McAuliffe, a Democrat, and Nevada’s Brian Sandoval, a Republican, spoke at the annual bipartisan State of the States address by the leaders of the National Governors Association.

David Elfin | Staff Reporter
January 25, 2017