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.
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.
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.
NationalDriverJobs Offers Employment Board
NationalDriverJobs.com, an employment board, has been launched to provide a new recruiting tool for fleets.
March 9, 2016Imperial 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.
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, 2016Land 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.
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.
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.
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%.
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.