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, Logistics

J.B. Hunt's Shelley Simpson Wins Distinguished Woman in Logistics Award

SAN ANTONIO — Shelley Simpson, chief marketing officer of J.B. Hunt Transport Services, was named winner of the 2016 Distinguished Woman in Logistics award.

Neil Abt | Editorial Director
April 11, 2016
Business, Equipment, Technology

Cargomatic Slashes Workforce

Freight technology firm Cargomatic, which offers a mobile app that connects shippers and local truckers with available hauling capacity, confirmed that it recently laid off part of its workforce.

Seth Clevenger | Managing Editor, Features and Multimedia
April 11, 2016
Business

Rush Enterprises to Close 13 Dealerships to Consolidate, Cut Expenses

Commercial truck dealer Rush Enterprises Inc. said April 6 it plans to close 13 dealerships during the first half of 2016 that sell Navistar International Corp.’s International truck brand, as part of a consolidation to reduce expenses while still maintaining service in the regions.

April 11, 2016
Business, Equipment, Safety

Asphalt Pavement Alliance Salutes 8 State DOTs

The Asphalt Pavement Alliance recognized the departments of transportation in eight states with the 2015 Perpetual Pavement Award for their high quality, long-life asphalt pavements.

David Elfin | Staff Reporter
April 11, 2016
Government, Business

Mississippi House Panel Rejects Sales Tax Hike for Infrastructure

Mississippi's Legislature rejected a sales tax hike for infrastructure improvements despite a think-tank report stating an inadequate transportation system is costing residents $2.25 billion per year.

David Elfin | Staff Reporter
April 11, 2016
Business, Fuel

CleanFUEL USA Files Chapter 11 Bankruptcy

Autogas technology provider CleanFUEL USA said April 5 it filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the Bankruptcy Court for the Western District of Texas as it seeks the restructure of its debts.

April 11, 2016
Business

FedEx Expects to Start Construction on $220 Million Connecticut Distribution Facility

FedEx Ground, after purchasing property in Middletown, Connecticut, in March for $18 million, has given the city an official commitment to build a 525,000 square-foot distribution hub.

Shawn R. Beals | The Hartford (Conn.) Courant
April 11, 2016
Business, Logistics

TransForce Appoints Meyer Chief Operating Officer

Driver supply firm TransForce said that Jeff Meyer has been named to the newly created position of chief operating officer.

April 11, 2016
Business, Fuel

Oil Trades Near Four-Month High as US Declines, Iraq Ramps Up

Oil traded near a four-month high in London, swinging between gains and losses as Iraq said it raised output to a record in March while U.S. production fell.

Grant Smith | Bloomberg News
April 11, 2016
Business, Safety

FDA Issues Food Safety Rule

The U.S. Food and Drug Administration last week issued its final rule establishing new requirements for the sanitary transportation of human and animal food by truck and rail, to guard against food contamination.

Eric Miller | Senior Reporter
April 11, 2016