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.

Government, Business, Safety

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.

David Elfin | Staff Reporter
December 18, 2015
Business

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.

Jay Greene and Dominic Gates | The Seattle Times
December 18, 2015
Business

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.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
December 18, 2015
Government, Business, Technology, Equipment

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.

David Elfin | Staff Reporter
December 18, 2015
Business

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, 2015
Government, Business

Congress 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.

Eugene Mulero | Senior Reporter
December 17, 2015
Government, Business

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, 2015
Business

New 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.

Joseph S. Pete | The Times (Munster, Ind.)
December 17, 2015
Business

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, 2015
Business

Mack 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.

Jon Harris | The Morning Call (Allentown, Pa.)
December 17, 2015