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

Philips Industries Expands Lighting Products

Component supplier Phillips Industries introduced new lighting products to the Permalite XT family. 

September 16, 2016
Technology, Business, Government, Safety, Fuel, Equipment

Tech Firms Prepared for IFTA Changes, See Benefits for Fleets

Technology firms that develop or support onboard fleet-management and telematics systems say they are prepared for upcoming changes to the International Fuel Tax Agreement’s auditing procedures and see benefits for their fleet customers.

Susan L. Hodges | Contributing Writer
September 16, 2016
Business

Employees File for Teamsters Representation at Two More XPO Facilities

Drivers at an XPO Logistics facility in Aurora, Illinois, and workers at a warehouse operation in North Haven, Connecticut, filed for Teamsters representation Sept. 14 and Sept. 15, respectively, the union announced and the company confirmed.

September 15, 2016
Business

Top Two US Ports Have Mixed Results for August Container Traffic

The top two ports in the United States reported mixed results for container traffic during August before the Hanjin Shipping Co. bankruptcy, according to figures released Sept. 15.

September 15, 2016
Business, Technology

NetraDyne Introduces Video Safety System With Artificial Intelligence

Startup firm NetraDyne Inc. has launched its initial technology offering for the transportation industry — a video-based safety platform that combines onboard cameras with artificial intelligence to provide a more complete view of driver performance.

Seth Clevenger | Managing Editor, Features and Multimedia
September 15, 2016
Business, Logistics

Hanjin Collapse May Hurry Shipping Consolidation, Hapag Says

The collapse of Hanjin Shipping Co. will probably spark fresh consolidation among container lines as they attempt to ride out the shock waves buffeting the industry, Hapag-Lloyd AG CEO Rolf Habben Jansen said.

Nicholas Brautlecht | Bloomberg News
September 15, 2016
Business, Logistics

Looming Trailer Shortage Newest Hanjin Bankruptcy Crisis

The bankruptcy of Korean ocean liner Hanjin Shipping Co. is causing ripple effects for importers bringing goods from Asian factories to U.S. malls by creating a shortage of trailers to move containers on U.S. roads.

Jim Christie | Reuters
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September 15, 2016
Business

Factory Output Declines More Than Forecast in August

Output at American manufacturers fell more than economists forecast in August, a sign the industry is having trouble finding its footing.

Sho Chandra | Bloomberg News
September 15, 2016
Business

Retail Sales Decline in August by More Than Forecast

Sales at U.S. retailers dropped more than forecast in August, indicating a pause in recent consumer-spending strength that has carried the economy.

Michelle Jamrisko | Bloomberg News
September 15, 2016
Business

Applications for Jobless Benefits Rise Less Than Forecast

The number of applications for unemployment benefits barely rose in the week ended Sept. 10, indicating employers remain comfortable with staffing levels.

Patricia Laya | Bloomberg News
September 15, 2016