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

Caterpillar to End Production of On-Highway Vocational Trucks

Caterpillar Inc. will stop production of its on-highway vocational trucks due to the “current business climate in the truck industry.”

February 26, 2016
Business, Technology

Replay: LiveOnWeb on Driver Recruitment and Retention

Whether you’re a fleet recruiter or a driver, pick up some practical tips from the replay of our LiveOnWeb program that took a new look at driver recruitment and retention. TCW Inc. President Dave Manning and UPS Freight driver Henry Bruster, as well as recruiting experts, joined us.

February 25, 2016
Business, Logistics

XPO Logistics Reports Fourth-Quarter Loss of $62.8 Million

XPO Logistics Inc. reported fourth-quarter results that included a loss of $62.8 million, or 58 cents per share, and a glimpse of less-than-truckload performance at the former Con-way Freight unit that was acquired in October.

Rip Watson | Special to Transport Topics
February 25, 2016
Government, Fuel, Business

Alaska Fuel Tax Bill Moves With Trucking Industry Support

Gov. Bill Walker’s bill to increase state fuel taxes has support from some industry groups it would directly affect, including the Alaska Trucking Association.

Elwood Brehmer | Alaska Journal of Commerce
February 25, 2016
Business

After Strong Year, Volvo Looks to Boost Market Share

WASHINGTON — Volvo Trucks North America had its best year for deliveries and market share in 2015, and although industrywide sales are expected to decline this year, the company’s president said he wants to increase market share by boosting sales to flatbed, tank truck and heavyhaul carriers. 

Jonathan S. Reiskin | Associate News Editor
February 25, 2016
Business, Technology

Orders for Capital Goods Climb by Most Since June 2014

Orders for U.S. capital goods rebounded in January by the most since June 2014, representing a pause in manufacturing’s downturn.

Michelle Jamrisko | Bloomberg News
February 25, 2016
Business

Consumer Comfort Holds in Narrow Range for Eighth Week

Consumer sentiment in the United States remained stable last week and close to a three-month high, helped in part by upbeat views of buying conditions.

Tatiana Darie | Bloomberg News
February 25, 2016
Business, Safety

Jobless Claims Rise in Holiday Week From Three-Month Low

The number of Americans filing applications for unemployment benefits rose last week from a three-month low, in part reflecting the typical swings during holiday periods.

Sho Chandra | Bloomberg News
February 25, 2016
Government, Business

Democrats Oppose Meal-Break Provision in FAA Bill

WASHINGTON — Congressional Democrats are calling on colleagues to oppose an aviation reform bill that includes a provision affecting rest breaks for truckers when the measure reaches the House floor.

Eugene Mulero and Eric Miller | Senior Reporters
February 25, 2016
Special Coverage, Business, Technology, Equipment

TMC 2016 Live Blog

Transport Topics' live coverage of the 2016 Technology & Maintenance Council Annual Meeting & Transportation Technology Exhibition in Nashville Feb. 29-March 3, 2016.

February 24, 2016