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

FedEx Again Delivers Super Bowl Trophy

On Feb. 7, in a scene that most Americans have watched every winter, NFL Commissioner Roger Goodell will present the coveted Vince Lombardi Trophy to the owner and coach of the team that wins the Super Bowl in Santa Clara, California.

David Elfin | Staff Reporter
February 1, 2016
Business

Historic Blizzard Freezes Traffic, Disrupts Shipping on East Coast

Winter Storm Jonas set snowfall records on the East Coast, wreaking havoc from South Carolina to Massachusetts, leaving truckers stranded and claiming 48 lives.

David Elfin | Staff Reporter
February 1, 2016
Business, Equipment

Cummins to Skip Mid-America This Year; Organizers Tout Nearly 1,000 Exhibitors

Engine maker Cummins Inc., a charter exhibitor at the Mid-America Trucking Show since it started in 1972, said it, too, would skip this year’s show, now two months away, even as MATS organizers maintain it still will be very large but also very different from last year’s record-setting event.

Jonathan S. Reiskin | Associate News Editor
February 1, 2016
Business

Most Truckload Profits Drop in 4Q as Freight Demand Slows

Truckload fleets that reported fourth-quarter earnings last week largely trailed the year-earlier quarter amid growing weakness in freight markets.

Rip Watson | Special to Transport Topics
February 1, 2016
Business, Fuel

Diesel Falls 4.1¢ to $2.071; Below $2 in Two Regions

The U.S. average diesel retail price fell for the 11th consecutive week, dropping 4.1 cents a gallon to $2.071. That includes two regions that dropped below $2 a gallon for the first time in nearly seven years, the Department of Energy reported.

Roger Gilroy | Senior Reporter
February 1, 2016
Business

Jet Express, Others Join Forces to Deliver Water to Flint, Mich.

A number of trucking companies have announced plans to deliver tens of thousands of bottles of water to residents in Flint, Michigan, to help assist that community in alleviating the water crisis there.

Eric Miller | Senior Reporter
February 1, 2016
Business

VW Says It Is Not Under Pressure to Sell Truck Business

Volkswagen is not under pressure to sell its truck business to raise cash as it faces billions of euros in costs after admitting to rigging emissions tests, management board member Andreas Renschler told a German newspaper.

Maria Sheahan | Reuters
January 31, 2016
Business

New York City Area Ports to Reopen

The Port Authority of New York and New Jersey said the region’s facilities will reopen Feb. 1 after more than 1,000 longshoremen walked off the job Jan. 29 in a labor dispute.

Martin Braun | Bloomberg News
January 31, 2016
Business, Logistics

XPO Logistics Makes More Job Cuts at LTL Unit

XPO Logistics said it has cut another 190 jobs, primarily at its less-than-truckload unit, to save more than $20 million annually.

January 29, 2016
Government, Business, Autonomous

Pennsylvania Senate Bill Proposes Fines if Trucks Don't Clear Off Snow

The Pennsylvania state Senate held a hearing Jan. 27 focused on a bill requiring truckers to "make all reasonable efforts" to remove snow and ice from their rigs before driving, but truck association officials fear the wording may be too subjective.

David Weissman | The York (Pa.) Dispatch
January 29, 2016