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.
Kenworth's Feight Defends Trucking's Safety Record
KIRKLAND, Wash. — During a media event at Kenworth Truck Co.’s headquarters here Aug. 26, I asked General Manager Preston Feight a question: “Is trucking safe?”
Trinity Guardrail to Undergo Further Testing in Virginia
Trinity Industries Inc.’s guardrail system will undergo additional crash testing by the state of Virginia, raising new questions about a device on roadways across the country.
August 28, 2015Consumer Sentiment Declines in August to Three-Month Low
Consumer confidence declined in August to a three-month low as recent stock market turbulence weighed on Americans’ outlook for the U.S. economy in the coming year.
Consumer Spending Rises in July as Wages Pick Up
Consumer purchases climbed in July as incomes grew, showing the biggest part of the U.S. economy was off to a good start to the quarter.
Oil Surges Most in Six Years on Faster US Economic Growth
Oil jumped the most in more than six years, caught up in a relief rally that swept the globe as the U.S. economy grew more than predicted.
August 27, 2015Jesper Nielsen to Become CEO at Scan Global Logistics
Copenhagen, Denmark-based freight forwarder Scan Global Logistics says Jesper Nielsen will take over as CEO on Feb. 1.
August 27, 2015Trucking Sees Nafta Gains in June
Trucking was the only mode that saw a rise in the value of U.S.-Nafta freight carried in June compared with the year earlier, the Bureau of Transportation Statistics reported Aug. 27.
August 27, 2015Transportation Group Comes Out With Radio Ad Campaign Targeting Highway Funding
A group representing key transportation stakeholders has launched a radio ad campaign to press federal lawmakers to advance a long-term highway bill this fall.
PacLease Adds Remote Diagnostics
PHOENIX — Paccar Leasing Co., or PacLease, is making onboard vehicle diagnostics available to its lease and rental customers on all new Kenworth and Peterbilt trucks equipped with the Paccar MX-13 engine.
Scamming Cargo Insurance Broker Behind Bars
The FBI said Aug. 25 the former operator of Appeal Insurance Agency, based in Norcross, Georgia, has been sentenced to four years in federal prison for insurance fraud.