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

Minnesota Man Is Humble Hero With a Doggone Good Tale to Tell

Did the dog do it? A Minnesota man who spotted an idling truck that had slipped out of gear and was rolling toward fuel pumps saved the day by leaping into the moving cab, pushing the labrador retriever aside and applying a parking brake.

Robin Baumgarn | The (Worthington, Minn.) Daily Globe
March 9, 2016
Business

Montana Truck Driver Honored for 3 Million Safe Miles

Bob Pratt’s latest feat was the equivalent of traveling 125 times around the Earth at the equator without a single wreck.

Erik Olson | Billings (Mont.) Gazette
March 9, 2016
Business

NationalDriverJobs Offers Employment Board

NationalDriverJobs.com, an employment board, has been launched to provide a new recruiting tool for fleets.

March 9, 2016
Business

Imperial Sells Gas Stations to 7-Eleven, Others for $2.1 Billion

Imperial Oil will sell its remaining gas stations to five Canadian distributors for C$2.8 billion ($2.1 billion) as the oil producer focuses on its main oil-sands and refining businesses.

Jeremy Van Loon | Bloomberg News
March 9, 2016
Business

Express Freight Finance Starts Nationwide Factoring Service

Express Freight Finance has launched nationwide freight-bill factoring services for fleets, owner-operators, and freight brokers.

March 8, 2016
Business

Land Use Approved for FedEx Air Cargo Facility in Idaho

The Twin Falls, Idaho, City Council on March 7 approved use of airport land for a FedEx air cargo facility and also gave the go-ahead for a major remodeling of the Magic Valley Regional Airport terminal.

Heather Kennison | The (Twin Falls, Idaho) Times-News
March 8, 2016
Business, Logistics

CP Rail CEO Harrison Says Combination with CSX Still Possible

Canadian Pacific Railway still is interested in exploring a merger with CSX Corp. even as Canada’s second-largest carrier continues to pursue Norfolk Southern Corp., CEO Hunter Harrison said.

Frederic Tomesco | Bloomberg News
March 8, 2016
Business

FedEx Adopts Bylaws Change Sought by Shareholders

FedEx Corp. directors on March 8 adopted a bylaws change sought by shareowners to make it easier to promote candidates for the board.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
March 8, 2016
Business

Navistar Narrows First-Quarter Net Loss

Truck maker Navistar International Corp. posted a smaller quarterly net loss than the same period a year earlier, even though revenue also declined by 27%.

Jonathan S. Reiskin | Associate News Editor
March 8, 2016
Business, Logistics

CSX Intermodal Terminal Brings Economic Boost to Florida Town

The facility is a month shy of its second birthday, but Winter Haven, Florida, city and business leaders say the CSX intermodal terminal and surrounding logistics center already are bringing the economic development they wanted.

Madison Fantozzi | The (Lakeland, Fla.) Ledger
March 8, 2016