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.
Most Fleets, Logistics Firms Record Weaker 1Q Earnings
Five more trucking and logistics companies have announced weaker results, capping a first-quarter earnings season when the slow freight market led more than two-thirds of publicly traded companies to produce lower results year-over-year.
Truckers' Use of Seat Belts Increases as Fatal Crashes Decline, Data Show
A closer look at fatality and injury data released last month by the Federal Motor Carrier Safety Administration showed increased use of seat belts by truck drivers but more trucks involved in fatal crashes in work zones.
Knight Transportation Heartened by Trucking Community's Support in Wake of Tragedy
Knight Transportation is expressing appreciation for support from hundreds who have uploaded photos of trucks with their marker lights on and the hashtag #KnightLight as it copes with the loss of a Katy, Texas, employee killed in a workplace violence incident.
Wisconsin Motorists Lose $6 Billion Annually Stuck In Traffic
Bumper-to-bumper traffic backups are costing the motorists of Wisconsin about $6 billion annually, a report unveiled May 5 found.
May 6, 2016Truck Tolls in Rhode Island: Uncertainty Over a Relief Package
PROVIDENCE, R.I. — Before they authorized a statewide network of truck tolls earlier this year, Rhode Island lawmakers told the local trucking industry that a financial relief package to help deal with the cost of the new tolls would soon follow.
In Transportation, Rising Profits Don’t Lift All Workers’ Boats
Big business is getting bigger, and workers’ slice of the economic pie is getting smaller, especially in the transportation and warehousing sector.
Trucking Adds 700 Jobs in April as Unemployment Holds at 5%
Trucking added 700 jobs in April and unemployment was unchanged at 5%, the Labor Department reported May 6.
May 6, 2016Arkansas Highway 549 Serves as Training Ground for Trucks Moving Nukes
Arkansas 549 in Fort Smith, Arkansas, may not directly connect Kansas City to Lafayette, Louisiana, as Interstate 49 yet, but it has served as a smooth training ground for the National Nuclear Security Administration's Office of Secure Transportation.
ASCE Study to Assess Deteriorating Infrastructure's Impact on Economy
The American Society of Civil Engineers on May 10 plans to unveil a study highlighting the impact that deteriorating infrastructure has on the economy.
May 5, 2016Panama Canal Expansion Exposes US Infrastructure, Shipper Woes
The $5.2 billion expansion of the Panama Canal was expected to make U.S. East Coast ports more competitive for cargo ships carrying televisions, tennis shoes and other products from Asia.