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

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?”

Neil Abt | Editorial Director
August 28, 2015
Business, Logistics

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, 2015
Business

Consumer 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.

Michelle Jamrisko | Bloomberg News
August 28, 2015
Business

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.

Sho Chandra | Bloomberg News
August 28, 2015
Business, Fuel

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, 2015
Business

Jesper 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, 2015
Government, Business

Trucking 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, 2015
Government, Business

Transportation 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.

Eugene Mulero | Senior Reporter
August 27, 2015
Business, Technology

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.

Seth Clevenger | Managing Editor, Features and Multimedia
August 27, 2015
Business

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.

Roger Gilroy | Senior Reporter
August 27, 2015