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.
Truck Drivers in ‘Exceptionally Short Supply,’ Fed Says
Truck drivers are reported to be in “exceptionally short supply” in some regions of the country, especially in the New York, St. Louis and Kansas City areas, the Federal Reserve said in a report.
October 14, 2015Former Arrow Trucking CEO Pielsticker Gets 7½ Years for Fraud
Former Arrow Trucking CEO James Douglas Pielsticker has been sentenced to 7½ years in federal prison for his part in a multimillion-dollar fraud scheme that contributed to the Tulsa, Oklahoma, motor carrier’s demise.
September Freight Shipments, Expenditures Fall Year-Over-Year, Cass Report Shows
North American shipping activity declined 1.5% year-over-year in September, according to the Cass Freight Index, a measure of shipping activity in trucking and other modes of transportation.
October 14, 2015Eberspaecher Hires Brian Covello as President
Eberspaecher Climate Control Systems North America has hired Brian Covello as its president, the company announced Oct. 14.
October 14, 2015Intermodal Rail Volume Rises Slightly For Week
Weekly U.S. intermodal rail traffic rose 0.5% from the same period last year, the Association of American Railroads reported.
October 14, 2015House to Take Up Highway Bill Oct. 22
The House Transportation and Infrastructure Committee will mark up a highway bill Oct. 22, the panel announced.
Mack Adds Drive-Axle Production to Maryland Plant's Integration Strategy
HAGERSTOWN, Md. — Mack Trucks introduced its new drive-axle line here, the result of a two-year, $30 million investment that is part of the company’s strategy of vertical integration of powertrain components — engines, transmissions and axles — that are all made in-house.
J.B. Hunt 3Q Earnings Rise 12%; CSX Profit Dips
J.B. Hunt Transport Services Inc. raised third-quarter net income 12% to $115.1 million, or 99 cents per share, as profit margins improved in all operating units.
October 14, 2015Retail Sales Rise Less Than Expected as Americans Save More
Consumers in the United States tempered purchases at retailers in September, pocketing the savings from lower fuel costs and making for a weak finish to the third quarter.
October 14, 2015Kenworth to Transport Capitol Christmas Tree
The Capitol Christmas tree will be cut Oct. 27 and then begin its 4,400-mile journey from Seward, Alaska, to Washington, D.C., courtesy of Kenworth Truck Co.