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.
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, 2017SunteckTTS 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, 2017Lakeville 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.
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.
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.
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.
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.
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.
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.
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.