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.
James Bass Chosen as Texas DOT Leader
The Texas Transportation Commission selected James Bass to be the executive director of the state’s Department of Transportation, effective Jan. 1. Bass has been the agency’s chief financial officer since 2005.
Amazon in Talks to Lease 20 Jets to Launch Air-Cargo Business
Amazon.com is negotiating to lease 20 Boeing 767 jets for its own air-delivery service, cargo-industry executives have told The Seattle Times.
Cargo Declines at FedEx’s Hub Airport
Memphis International Airport recorded a modest decline in cargo in November, pointing to a slight slowdown by dominant cargo handler FedEx.
ATA Says It Expects to File Court Brief in Support of Electronic Log Mandate
American Trucking Associations said it expects to file a court brief in support of the electronic logging mandate, after a legal challenge from the Owner-Operator Independent Drivers Association.
Stephen Russell Resigns From Board at Celadon Group
Stephen Russell has left the board of directors at Celadon Group, a company he founded in 1985 and served as CEO of for nearly three decades.
December 17, 2015Congress Passes Omnibus That Adds Requirements to HOS Restart Study
Congress has passed a fiscal 2016 funding bill that would direct federal trucking regulators to expand a review of a suspended hours-of-service restart rule for motor carriers before that rule may be reinstated.
Shawn Wilson Appointed Louisiana Transportation Secretary
Louisiana Gov.-elect John Bel Edwards announced Shawn Wilson as secretary of transportation and development Dec. 16.
December 17, 2015New YRC Trucking School Offers Graduates $65,000 to Start
HAMMOND, Ind. — A new trucking school might not cost you anything out of pocket, and you could end up with a high-demand job that pays $65,000 the first year and offers full health insurance benefits.
Losses Fall, Company Optimism Rises as Navistar Reports 4Q and 2015 Results
Navistar International Corp. reported lower net losses for its fourth quarter and 2015 fiscal year ended Oct. 31, and forecast it would improve on those trends and turn cash-flow positive and profitable in 2016.
December 17, 2015Mack Deliveries Decline For First Time in 2015
Production slowed in November for Mack Trucks, with the heavy-duty truck manufacturer reporting its first delivery decline of the year.