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

Drug Testing Labs Slow to Implement Electronic Forms Under New DOT Rule

Adoption of a federal regulation permitting drug testing laboratories to use faster and cheaper electronic forms has been so slow that the Department of Transportation recently sent out a reminder about the process.

Eric Miller | Senior Reporter
November 30, 2015
Business

Trucking Leaders From Louisiana, Kentucky See No Quick Changes Under New Governors

Trucking leaders in two states critical to freight transportation said they do not expect an immediate effect on their missions despite big political shifts in the governor’s mansions.

David Elfin | Staff Reporter
November 30, 2015
Business

TCA Picks John Lyboldt as New President

The Truckload Carriers Association has selected John Lyboldt, a senior vice president at the National Automobile Dealers Association, as its new president.

Rip Watson | Special to Transport Topics
November 25, 2015
Business, Government

AAR Appeals DOT Tank Car Safety Rules

The Association of American Railroads has challenged the Department of Transportation’s tank car safety rules at the U.S. Court of Appeals after the agency rejected the trade group’s bid to have the agency revise its standards.

Rip Watson | Special to Transport Topics
November 25, 2015
Business

Descartes Systems Acquires Oz Development

Canadian technology provider Descartes Systems Group announced a $29.5 million acquisition of Oz Development Inc., which helps small to midsize companies automate logistics.

November 25, 2015
Business

Orders for Business Equipment Rise More Than Predicted

Orders for U.S. business equipment climbed more than forecast in October, indicating steady domestic demand is encouraging corporate investment even as global sales waver.

November 25, 2015
Business

Consumer Spending Rises Less Than Forecast as Americans Pocket Savings

Household spending rose less than forecast in October, showing the biggest part of the U.S. economy was off to a slow start heading into the holiday-shopping season.

November 25, 2015
Business

Jobless Claims Decline to Lowest Level in a Month

Applications for unemployment benefits fell more than forecast last week as claims moved closer to a four-decade low that shows a resilient labor market.

November 25, 2015
Business

ATA Tonnage Index Rises 2% in October as Slow Growth Persists

Truck tonnage rose 2% in October from the same month last year, continuing the plodding pace of freight growth in recent months, American Trucking Associations reported.

November 24, 2015
Business

Gengiz Nazim, Founder of Texas Star Express, Dies at 75

Gengiz Nazim, a native of Cairo, Egypt, who founded trucking company Texas Star Express and was a former top executive at Epes Logistics Service, died Nov. 18 in North Carolina. He was 75.

November 24, 2015