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.
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.
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, 2015FedEx 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, 2015United 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, 2015Leading 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, 2015SkyBitz 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.
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, 2015Comdata 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, 2015Americans' 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.
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.