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.
Commenters Slam Safety Fitness Proposal
Comments filed with the Federal Motor Carrier Safety Administration on its proposed safety fitness scores were mostly negative.
House Committee Keeps Provisions on HOS, Safety Fitness, Meal Breaks
A provision that would allow truck drivers to avoid a rest requirement of 1 a.m. to 5 a.m. on consecutive days was kept in a fiscal 2017 transportation funding bill a House committee approved May 24.
April Trailer Orders Decrease; Factory Backlogs Still Strong
U.S. trailer orders slipped in April from a year earlier as purchasers turned a bit more cautious, while manufacturers continued to work off their backlogs, analysts said.
New Overtime Threshold Could Disrupt Payrolls, Revamp Job Classifications, Trucking Execs Warn
Across the trucking industry, companies should be prepared for some type of financial disruption due to the new Department of Labor rule on overtime pay, a senior official with American Truck Dealers told Transport Topics.
Forward Air CFO Rodney Bell to Retire, XPO’s Michael Morris to Take Post
Forward Air Corp. announced that Chief Financial Officer Rodney Bell will retire on June 27 and that Michael Morris, an XPO Logistics executive, will replace Bell in the post.
May 29, 2016TNT Deal Raises FedEx Employment to Almost 400,000
In one fell swoop, FedEx Corp. ballooned to nearly 400,000 employees worldwide and close to $58 billion in annual revenues. The jewel of FedEx's acquisition of TNT Express last week is a European road network linking 40 countries, but the heart of FedEx remains in Memphis, Tennessee.
YRC Names Justin Hall as Chief Customer Officer
YRC Worldwide Inc. announced that Justin Hall is joining the carrier on June 1 in the newly created position of chief customer officer from Logistics Planning Services, where he was president and visionary.
May 29, 2016Old Dominion Plans $250 Million Share Repurchase
Old Dominion Freight Line Inc. said its board has approved the repurchase of as much as $250 million in stocks over a two-year period.
May 29, 2016Replay: LiveOnWeb on Driver Health and Wellness From A to Zzzzzz
Who better to talk about driver health and wellness than men who are tops in their field? Competitive powerlifter Ralph Garcia, a professional driver for ABF Freight System with 3.5 million accident-free miles, and world-class swimmer and triathlete Siphiwe Baleka, a driver/trainer from Prime Inc., head up our LiveOnWeb panel on Driver Health and Wellness From A to Zzzzz. Watch the replay.
May 29, 2016New Hampshire Roadway Awarded $200 Million TIFIA Loan
A project to widen a key freight corridor in New Hampshire has been awarded a $200 million loan from the Federal Highway Administration, Transportation Secretary Anthony Foxx announced May 25.
May 27, 2016