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.
House Preps Highway Bill After 35th Funding Patch
A multiyear highway bill that would jump-start the process for the Federal Motor Carrier Safety Administration to reform its program that scores motor carriers on safety performance is likely to reach the House floor as early as this week.
Video: LiveOnWeb on Trucking's Future Leaders
Meet four young guns with the makeup to be among the future leaders of the trucking industry. Watch entire #LiveOnWeb program, or shorter individual interviews.
October 30, 2015XPO Completes Con-way Acquisition
XPO Logistics Inc. announced that it has completed the $3 billion acquisition of trucking and logistics operator Con-way Inc.
October 30, 2015All Truck OEMs Recall Vehicles With Discontinued Fontaine Ultra LT Fifth Wheel
In response to an earlier recall by the manufacturer of the now-discontinued Fontaine Ultra LT fifth wheel, all U.S. truck manufacturers recently said they have recalled their trucks with the product over issues with the device’s connector.
October 30, 2015Cummins to Recall 3,000 Natural-Gas Engines Over Potential for Fire
Engine maker Cummins Inc. said it would recall up to 3,020 Cummins Westport/ISL G/9999 engines manufactured between Sept. 13, 2007 and Sept. 23, 2015, citing the potential for a leak in the oil supply line near the engine manifold to cause a fire.
October 30, 2015Shipping Wars: Target Seeks Edge Over Wal-Mart With Free Holiday Shipping
Target Corp. is bringing back free delivery for the holidays — a strategy it hopes will give it an edge over Wal-Mart Stores Inc., which is eschewing special shipping offers and encouraging online shoppers to pick up items at brick-and-mortar stores.
Leaky Locks May Further Delay $5.3 Billion Panama Canal Widening
The April opening of Panama’s $5.3 billion expanded canal, originally set for 2014, could be delayed further depending on repairs to leaks discovered in the new locks during testing as the waterway ends a year of record shipments, administrator Jorge Quijano said.
ArcBest Third-Quarter Net Income Slips 2.4%
ArcBest Corp.'s net income fell 2.4% to $19.2 million, or 72 cents per share, despite improved results at most businesses.
October 30, 2015QuikQ Integrates Technology With Fiscal Systems
Software development company QuikQ announced a technology integration with Fiscal Systems, a provider of point-of-sale systems to independent and national truckstop chains.
October 30, 2015Consumer Sentiment Rises Less Than Expected in October
Consumer sentiment rose less than forecast in October as Americans viewed buying conditions as less favorable than they did earlier in the month.