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

Motorists Drive Record 273 Billion Miles in October

Motorists logged 273.5 billion miles on U.S. roads in October, a 2.4% increase over last year and the most ever for the month, according to data released on Dec. 16 by the U.S. Department of Transportation.

Jarrett Renshaw | Reuters
December 17, 2015
Business, Technology

Teletrac, McLeod Expand Partnership to Address Hours of Service

Fleet technology suppliers Teletrac Inc. and McLeod Software have expanded their product integration to help joint customers ensure compliance with driver hours-of-service regulations.

December 17, 2015
Business

FedEx Fiscal Second-Quarter Net Income Increases

FedEx Corp. net income in the second quarter of its 2016 fiscal year rose 4% to $693 million, or $2.44 per share, including one-time effects, driven by 26% higher profits at Express and 13% better results at its Ground unit.

December 17, 2015
Business, Technology

United Rentals Brings Autonomous Driving Technology to Rental Branches

United Rentals Inc. has teamed up with California-based 5D Robotics Inc. to develop systems that can move equipment, such as scissor lifts, autonomously within the yard while avoiding objects and people.

December 17, 2015
Business

Leading Economic Indicators Increased 0.4% in November

The index of U.S. leading economic indicators increased in November, buoyed by more home construction permits and higher stock prices.

December 17, 2015
Business, Technology

SkyBitz Launches Business Unit to Track Delivery Vehicles

Trailer-tracking provider SkyBitz is broadening the scope of its business to include telematics services for local delivery vehicles.

Seth Clevenger | Managing Editor, Features and Multimedia
December 17, 2015
Business, Equipment

Cargomatic Expands to San Francisco Area

Cargomatic, which provides a technology platform that connects shippers and carriers, has expanded its service to Northern California.

December 17, 2015
Business, Fuel

Comdata Offers Program to Help Fleets Control Hotel Costs

Fuel-card provider Comdata is offering a program to help fleets control hotel expenses while helping over-the-road drivers quickly find lodging options via a mobile application.

December 17, 2015
Business

Americans' Expectations About Economy Stabilize in December

Almost one in four Americans said in December that the economy is getting better, helping give expectations a boost for a second month.

Michelle Jamrisko | Bloomberg News
December 17, 2015
Business

Applications for Jobless Benefits Fall More Than Forecast

Fewer Americans than forecast filed applications for unemployment benefits last week, a sign of persistent strength in the job market.

Sho Chandra | Bloomberg News
December 17, 2015