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.
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, 2016Consumer 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.
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.
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, 2016Pennsylvania 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.
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, 2016Anthony 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.
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.
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, 2016Southern 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.