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.
Car-Haul Contract Talks Still Unresolved, Will Resume Next Week
The protracted car-haul negotiations continue to drag on, with more talks scheduled next week, after two more days of talks last week failed to produce a tentative agreement.
April 18, 2016Spireon Introduces Reefer Telematics Product
Trailer tracking provider Spireon Inc. has introduced its first telematics product for refrigerated trailers.
April 18, 2016J.B. Hunt Raises First-Quarter Net Income 6.4%
J.B. Hunt Transport Services Inc., the first trucking company to report earnings for the first quarter, improved net income 6.4% to $100.1 million, or 88 cents per share, helped by stronger results at its dedicated and brokerage units.
April 18, 2016Cass Freight Index Dips 1.5% in March from 2015 Level
Cass Information Systems’ freight index, based primarily on trucking, dipped 1.5% in March on a year-over-year basis, but gained 1.4% from February of this year.
April 18, 2016International Unveils Latest in HX Series of Severe-Service Trucks
International Truck unveiled the fourth model in its HX series lineup, the HX520, which is designed to serve the heavy-haul tractor, construction dump and platform stake or crane markets.
April 18, 2016Oil Drops After Output Talks Fail Amid Saudi Demands Over Iran
Oil fell after output talks April 17 between the world’s biggest producers ended without any agreement on limiting supplies, a diplomatic failure that threatens to renew the rout in prices.
Maryland Seeks $155 Million From Feds to Clear Freight Rail Bottleneck Beneath Baltimore
The state and the railroad CSX Transportation have agreed to a plan to remove a bottleneck for freight shipping beneath the streets of Baltimore and have requested $155 million in federal funding to help pay for the project they say will boost Maryland's economy.
Omnitracs Launches Sylectus Mobile On Demand Feature
Fleet-management services provider Omnitracs said its Sylectus Mobile On Demand feature is now available.
April 18, 2016FedEx Founder Fred Smith to be Awarded University of Tennessee Honorary Degree
NASHVILLE, Tenn. — FedEx Corp. founder and Chairman Fred Smith will receive one of three honorary degrees the University of Tennessee will award at commencement ceremonies next month in Knoxville.
Cellcontrol, TomTom Partner to Reduce Distracted Driving
Cellcontrol, a provider of technology that prevents mobile device use while a vehicle is in motion, has teamed with navigation and mapping provider TomTom to reduce distracted driving among fleets.
April 18, 2016