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.

Perspective, Business, Government

Opinion: Time to Deliver Broker Set-Off Changes

Today’s brokers increasingly rely on set-off tools as justification for not paying their carriers on valid freight deliveries, giving little or no consideration to the timing of these deliveries when enforcing set-offs. In doing so, they unfairly penalize motor carriers and expose the industry to a divisive practice. It’s time to develop some much-needed changes.

November 7, 2016
Editorial, Business, Safety, Government

Editorial: What’s at Stake in the Election

There’s a lot riding on the U.S. presidential election this week, and it’s not just the choice between Republican nominee Donald Trump and Democrat Hillary Clinton that will make a difference for the freight transportation industry.

November 7, 2016
Business

Central States Woes Continue, Pension Value Falls $500 Million

Central States Pension Fund lost $500 million during the first six months of this year, according to newly released financial documents, and continues to hemorrhage assets on the road towards eventual insolvency.

Ari Ashe | Staff Reporter
November 7, 2016
Business, Safety

Hair Testing Concerns Linger; Experts Urge More Research

Scientific and technical experts on drug testing hair concluded that additional research is needed before regulators adopt a federal standard for commercial vehicle drivers, according to a group report.

Eric Miller | Senior Reporter
November 7, 2016
Business

Hauling Hazmat Offers Carriers Opportunities but Demands Compliance With Complex Rules

Without a doubt, hauling hazardous materials can be a headache, according to some for-hire carriers involved in the highly specialized trucking segment.

Steve Sturgess | Special to Transport Topics
November 7, 2016
Business

Pennsylvania Turnpike Commission Seeks Toll Cheats

Frustrated over more than $9 million in unpaid tolls in the past two fiscal years, the Pennsylvania Turnpike Commission has upped the enforcement ante.

David Elfin | Staff Reporter
November 7, 2016
Business

Appeals Court Rules Against OOIDA in ELD Case

The U.S. Court of Appeals for the 7th Circuit last month denied the Owner-Operator Independent Drivers Association’s challenge to the federal electronic logging device mandate.

David Elfin | Staff Reporter
November 7, 2016
Business, Logistics

XPO Logistics Sells Truckload Unit, Posts Record Third-Quarter Profit

The North American truckload landscape has shifted with XPO Logistics selling its Con-way Truckload business to Canadian transportation conglomerate TransForce Inc. for $558 million.

Daniel P. Bearth | Staff Writer
November 7, 2016
Business

Cargo Theft Off 9% in 3Q; Food, Drinks Top Target

Cargo theft decreased in the third quarter nationwide compared with the same period a year ago, except for one part of California, but experts are pointing to some startling facts in what items are being stolen and how the thieves pull it off.

Ari Ashe | Staff Reporter
November 7, 2016
Business, Equipment

Tepid North American Market Hurts Results in 3rd Quarter, Equipment Suppliers Report

Leading heavy-duty equipment suppliers said soft demand for their products in North America weakened third-quarter results.

Roger Gilroy | Senior Reporter
November 7, 2016