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

FedEx Pilots Approve 6-Year Contract With Bonuses, Raises

Pilots at FedEx Corp., owner of the world’s biggest cargo airline, approved a six-year contract that provides a signing bonus, annual increases in hourly pay and more options for health-care benefits.

Mary Schlangenstein | Bloomberg News
October 20, 2015
Business, Logistics

CP Rail Earnings Beat Expectations on Declining Costs

Canadian Pacific Railway reported third-quarter profit that topped analysts’ estimates, buoyed by a weaker currency and expense reductions that included parking locomotives.

October 20, 2015
Special Coverage, Business

PIT Group Opens U.S. Office in Atlanta

PHILADELPHIA — PIT Group has opened an office in Atlanta, the Canadian engineering and research group announced here Oct. 19 at American Trucking Associations’ Management Conference & Exhibition.

October 20, 2015
Business, Fuel

National Diesel Average Declines 2.5¢ to $2.531 a Gallon

The average price of diesel fuel in the United States declined 2.5 cents a gallon to $2.531, the Department of Energy reported Oct. 19.

October 20, 2015
Business

Housing Starts Rise as Construction Underpins Economy

New-home construction in the United States climbed in September, a sign residential real estate will bolster the world’s largest economy.

October 20, 2015
Business, Special Coverage

Baby, You Can Drive My Truck: Paul McCartney Rocks Freightliner Dinner at MCE

PHILADELPHIA — Music icon Sir Paul McCartney surprised and delighted the nearly 1,000 people attending a customer appreciation dinner hosted by Freightliner Trucks here on Oct. 19.

Neil Abt | Editorial Director
October 20, 2015
Special Coverage, Business

ALK Updates CoPilot Navigation to Better Manage Routes by Vehicle Size

PHILADELPHIA — ALK Technologies has updated its CoPilot Truck in-cab navigation product to make it easier for fleets to create and follow routes optimized for vehicle size and load.

Seth Clevenger | Managing Editor, Features and Multimedia
October 19, 2015
Business

Personality Traits Can Predict Driver Turnover, Study Finds

Personality traits of drivers can predict turnover and safety performance, according to preliminary results of a study by researchers at the University of Notre Dame.

October 19, 2015
Special Coverage, Business

Omnitracs to Launch Navigation System

PHILADELPHIA — Trucking technology supplier Omnitracs is expanding its product line with the upcoming launch of a new navigation system.

October 19, 2015
Special Coverage, Business

ATA's Osiecki Expects Favorable Reforms If Congress Passes Highway Bill

PHILADELPHIA — Dave Osiecki, American Trucking Associations’ executive vice president and chief of national advocacy, says he is optimistic regulations the industry has criticized over the years would be reformed if Congress advances key bills this year.

Eugene Mulero | Senior Reporter
October 19, 2015