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.
House Panel Keeps Provision Blocking States on Pay, Breaks
The U.S. House Transportation and Infrastructure Committee voted last week to keep a trucking provision, tucked in an aviation reform bill, that would prevent states from enacting laws requiring companies to schedule meal-and-rest breaks for drivers or to pay drivers by the hour.
NTSB Rips FMCSA on Crash
The Federal Motor Carrier Safety Administration was publicly criticized by the National Transportation Safety Board for “inadequate safety oversight of high-risk carriers” after an investigation of a fatal crash in Illinois in which fatigue was blamed.
CP’s Quest for Norfolk Southern Intensifies
MIAMI — Canadian Pacific Railway Ltd. and Norfolk Southern Corp. have upped the stakes in a $30 billion battle for control of the U.S. railway, as the potential acquirer said it would take its case directly to NS shareholders.
Two Suppliers See 4Q Profits Fall, Plan Guarded Approach in 2016
Industry suppliers Rush Enterprises Inc. and Allison Transmission Holdings Inc. said net income and revenue dropped in the fourth quarter and that they were taking a guarded approach to 2016.
Carrier Logistics Releases Software Upgrade
Carrier Logistics Inc. said it has released a new version of its Facts freight management software with improved route dispatching and dock management.
February 12, 2016Jack Holmes to Retire, Rich McArdle Named as Successor to Lead UPS Freight
UPS Freight President Jack Holmes will retire effective June 30 after 37 years with the company, UPS Inc. announced.
February 12, 2016Judge Orders Former Owner of Oasis Capital to Pay $96,000 in Restitution
A federal judge in Los Angeles earlier this month ordered the owner of a notorious now-defunct fraudulent California firm that established trust funds for property brokers to pay $96,000 in restitution.
Cummins, Geotab Partner on Engine Diagnostics
Engine maker Cummins Inc.’s remote diagnostics application is now available through Geotab’s telematics platform, the companies said in a joint announcement.
February 12, 2016Roadrunner LTL Offers Guaranteed Delivery in Select Cities
Roadrunner Transportation Systems Inc. said its less-than-truckload arm, Roadrunner LTL, added facilities and a premium service with guaranteed delivery on a scheduled day in select major metropolitan markets.
February 12, 2016DTNA Opens Parts Distribution Center in Dallas
Daimler Trucks North America announced that it has opened a 275,000-square-foot parts distribution center in Dallas as what it called a major step in a multifaceted plan to improve parts availability and meet customer expectations of uptime.
February 12, 2016