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.
Profits at Volvo Rise Despite Drop in Truck Orders
Volvo AB said the krona’s decline on currency markets helped boost third-quarter operating profit even as truck orders, a predictor for future sales, dropped 15%.
XPO Extends Tender Offer for Shares of Con-way
XPO Logistics Inc. announced its tender offer for shares of Con-way Inc. has been extended until Oct. 30, in conjunction with the $3 billion acquisition agreement between the companies.
October 23, 2015Maersk Cuts Profit Outlook on Weaker Global Container Market
A.P. Moeller-Maersk cut its profit forecast for 2015, citing a weaker container shipping market as the outlook for global growth becomes gloomier.
October 23, 2015Investment Firm Acquires Unishippers Global Logistics
Ridgemont Equity Partners, an investment firm based in Charlotte, North Carolina, has acquired Unishippers Global Logistics, a transportation service provider that resells package and freight services through franchise affiliates across the United States.
October 23, 2015Amazon to Hire 100,000 Temporary Workers for Holiday Ramp-Up
Amazon.com Inc. is hiring 100,000 seasonal workers — 25% more than last year — as it continues to make online ordering almost as fast as running to the store.
October 23, 2015House T&I Panel Approves Six-Year Highway Bill
WASHINGTON — The House Transportation and Infrastructure Committee on Oct. 22 approved and forwarded to the full House a six-year highway bill that included provisions requiring improvements to the controversial Compliance, Safety, Accountability program.
Complete MCE 2015 Coverage
Look back at all of our online coverage — including stories, photos and video — of the 2015 American Trucking Associations' Management Conference & Exhibition from the Pennsylvania Convention Center in Philadelphia.
October 22, 2015Nebraska Forms Transportation Task Force
Nebraska has put together a task force to focus on state transportation issues.
Michigan House Passes Roads Plan
Michigan’s House of Representatives wants to fix the state's roads with a combination of higher gas taxes and vehicle registration fees, and $600 million from the state’s general fund.
Road Team Captains Defeat Executives in MCE Healthy Trucker Challenge
A team of America’s Road Team Captains took an average of 15,943 steps per day in a two-day span to win the American Trucking Associations Healthy Trucker Challenge at the ATA Management Conference & Exhibition.
October 22, 2015