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

ampCNG Names Grant Zimmerman CEO, Consolidates Station Ownership

Natural-gas fuel supplier ampCNG appointed Grant Zimmerman CEO and consolidated ownership of 17 public access stations.

March 17, 2016
Business

Consumer Comfort Increases to One-Month High

Consumer sentiment in the United States climbed last week to a one-month high as Americans grew more upbeat about their personal finances.

Tatiana Darie | Bloomberg News
March 17, 2016
Business

Job Openings Increase in January to 5.54 Million

Job openings outpaced hiring in January, consistent with further improvement in the U.S. labor market.

Sho Chandra | Bloomberg News
March 17, 2016
Business

FedEx Corp. Fiscal Third-Quarter Adjusted Earnings Rise 18%

FedEx Corp. reported fiscal third-quarter net income rose 18% to $692 million, or $2.51 per share, excluding one- time costs, powered by higher profits at its Express unit.

March 17, 2016
Government, Business, Safety

Pennsylvania to Eliminate License Plate Registration Stickers for High-Tech Scanners

Starting next year, Pennsylvania no longer will issue vehicle registration stickers for motorists to affix to license plates, state transportation officials announced.

Eric Mark | The (Scranton, Pa.) Times-Tribune
March 17, 2016
Business

Initial Jobless Claims Rise Less Than Forecast

Fewer Americans than forecast filed applications for unemployment benefits last week, illustrating the Federal Reserve’s view of a stronger labor market.

March 17, 2016
Government, Business

Anthony Foxx Says Speed-Limiter Rule Should Be Out by April 22

The National Highway Traffic Safety Administration and Federal Motor Carrier Safety Administration should release their long-awaited proposed speed-limiter rule by April 22, Transportation Secretary Anthony Foxx announced at a hearing of the Senate’s Appropriations transportation subcommittee March 16.

David Elfin | Staff Reporter
March 16, 2016
Government, Business

Senate Panel Advances FAA Reform Bill Sans Trucking Provision

WASHINGTON — A trucking-related provision that had been contested in the House was not included in an aviation reform bill a Senate panel advanced March 16.

Eugene Mulero | Senior Reporter
March 16, 2016
Business

Volvo Trucks Recalls 15,835 Vehicles to Fix Steering Shaft Issue

Volvo Trucks North America is recalling 15,835 of its 2016 and 2017 models in the United States and is urging fleets to take the trucks out of service immediately because the upper and lower steering shafts can separate, raising the possibility of a crash.

March 16, 2016
Business, Safety, Government

Southern California Drayage Hauler TTSI Files Chapter 11 Bankruptcy

The parent company of Total Transportation Services Inc. filed voluntarily for Chapter 11 reorganization bankruptcy in federal court in Delaware, citing legal difficulties relating to independent contractors and the California Labor Commissioner.

Jonathan S. Reiskin | Associate News Editor
March 16, 2016