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

Volvo Trucks Showcases Active Driver Assist; System Uses Alerts, Braking to Prevent Crashes

MOUNTVILLE, S.C. — Volvo Trucks North America showcased the next generation of collision- mitigation technology available on its trucks and touted the product offering as its latest effort to enhance road safety.

Seth Clevenger | Managing Editor, Features and Multimedia
October 31, 2016
Business

Truckers Face Third Double-Digit Toll Hike on Illinois Tollway System in Three Years

Truckers on the Illinois Tollway will be dealing with their third double-digit increase in three years come January. The 10% rise in 2017 follows a similar one in 2016 and a 40% hike in 2015.

David Elfin | Staff Reporter
October 31, 2016
Business

UPS Profits Edge Up in Third Quarter, Aided by International Results

UPS Inc. said stronger international business helped boost third-quarter net income by 1% to $1.27 billion, or $1.44 per share.

Ari Ashe | Staff Reporter
October 31, 2016
Business

Third Quarter LTL Results Mixed; YRC Tumbles, Others Gain

Less-than-truckload companies re- ported mixed results in the third- quarter as the carriers battle lower tonnage and shipments compared with a year ago.

Ari Ashe | Staff Reporter
October 31, 2016
Business

Panama Canal Authority Gives First Look at Increased Cargo Following Expansion

The Panama Canal Authority has disclosed the first cargo statistics that outline the increased activity since the expanded waterway was opened, including 238 transits by Neopanamax vessels that were too large to make the trip in the past.

Rip Watson | Special to Transport Topics
October 31, 2016
Government, Business, Technology

NHTSA Scared This Self-Driving Entrepreneur Off the Road

Self-driving cars are getting closer by the day, but they won’t be coming from hacking phenomenon George Hotz.

Kyle Stock | Bloomberg News
October 28, 2016
Government, Business

Pennsylvania Turnpike Aims to Recover More Than $1 Million From Trucking Firms

Frustrated over more than $9 million in unpaid tolls in the past two fiscal years, the Pennsylvania Turnpike Commission has upped the enforcement ante. The authority successfully shepherded a bill through the Legislature that only needs Gov. Tom Wolf’s signature by Nov. 4 to become law and allow for reciprocity with other states.

David Elfin | Staff Reporter
October 28, 2016
Business

USA Truck Names James Reed as New CFO

USA Truck Inc. named James Reed as the company’s new chief financial officer, effective Nov. 1, replacing Michael Burrows, who left in May 2016.

October 28, 2016
Business

Love’s Opens Travel Stop on Highway 412 in Oklahoma

Love’s Travel Stops has opened a travel stop in West Siloam Springs, Oklahoma, along U.S. Highway 412 focused on drivers operating in eastern Oklahoma and northwest Arkansas.

October 28, 2016
Business, Safety

ATA Safety Management Council Honors Top Driver, Safety Director

American Trucking Associations’ Safety Management Council saluted its National Truck Driver of the Year and National Safety Director of the Year on Oct. 26 at its Security and Human Resources National Conference and Exhibition in Oklahoma City.

David Elfin | Staff Reporter
October 28, 2016