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.
Consumer Confidence Eases Back From Three-Month High
Consumer confidence cooled in the final week of January as American households tempered their views about the economy and their finances.
Driver Training Crucial for ELD Transition, FMCSA Official Says
DALLAS — Driver training on electronic logging devices will play an important role in the trucking industry’s transition to the federally mandated technology, an official with the Federal Motor Carrier Safety Administration told an audience of carriers and technology providers.
Jobless Claims Rise as Post-Holiday Adjustments Continue
More Americans filed applications for unemployment benefits last week as employers continued to adjust staffing levels after the holidays.
Amazon Plans to Open Hundreds of Bookstores, Mall Executive Says
The CEO of a huge mall operator said Amazon.com Inc. plans to take its Seattle brick-and-mortar bookstore experiment to hundreds of locations across the country.
Earnings Roundup: C.H. Robinson, ArcBest, Roadrunner, Hub Group, Universal Truckload Services
Improved profit margins produced 12% higher fourth-quarter earnings at broker C.H. Robinson Worldwide Inc. and logistics company Hub Group, where net income rose 37%.
February 3, 2016ArcBest Chairman Young to Retire; McReynolds Named Successor
ArcBest Corp. Chairman Robert Young III, a former CEO with more than 50 years’ trucking industry service, will retire from that position April 26 and be replaced by current CEO Judy McReynolds, the company announced.
February 3, 2016Foltz to Leave Georgia Ports Authority, Griffin Is Successor at Port Agency
The Georgia Ports Authority announced that Executive Director Curtis Foltz is leaving the agency on June 30 and will be replaced by Chief Operating Officer Griff Lynch.
February 3, 2016Omnitracs to Offer Onboard Video Product
DALLAS — Omnitracs announced plans to offer its own onboard video system, expanding the list of vendors targeting the growing onboard camera market.
Rockfarm Acquires Stake in Global Distribution & Logistics
Rockfarm Supply Chain Solutions has acquired a majority interest in Global Distribution & Logistics to expand its global service offering, the buyer announced in a statement.
February 3, 2016Mack-Powered TerraPro Cabover Models Get Expanded Telematics
Mack Trucks has expanded telematics connections to all Mack-powered TerraPro cabover models and selected four dealerships, including one in Canada, as its first Certified Uptime Centers.
February 3, 2016