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.

Government, Business

Regulators Provide Little Oversight of Truck Driving Skill Testers, Report Says

Federal regulators provide weak oversight of third-party contractors that most states use to administer driving skills tests to truck drivers applying for commercial driver licenses, according to a new government report.

Eric Miller | Senior Reporter
August 6, 2015
Business

Global Airfreight Slows in First Half of Year

Global air cargo demand slowed in the first half of the year as trade activity fell, according to the International Air Transport Association.

August 6, 2015
Business, Logistics

Weekly Intermodal Rail Traffic Declines for First Time in Five Months

Weekly U.S. intermodal rail traffic declined from the same period last year for the first time in five months, but increased in July, the Association of American Railroads reported.

August 6, 2015
Business

Jobless Claims Hover Near Lowest Level in Four Decades

Filings for U.S. unemployment benefits are hovering near the lowest levels in four decades, a sign the strong labor market will bolster U.S. growth.

August 6, 2015
Business, Logistics

XPO Sets $23 Billion Revenue Target, Reports 2Q Loss

Fast-growing XPO Logistics Inc., which grew to a $9 billion annual revenue business from $175 million less than four years ago, has set a $23 billion annual revenue target by the end of 2019, CEO Bradley Jacobs told Transport Topics on Aug. 5.

Rip Watson | Special to Transport Topics
August 5, 2015
Business, Logistics

Shale Boom Nudges Propane-Powered Trucks From Dream to Reality

For almost 80 years, Blue Star Gas distributed propane throughout the U.S. West Coast on trucks mostly powered by gasoline. Now the company is working to convert its 55 vehicles to run on the same stuff it delivers.

Kelly Gilblom | Bloomberg News
August 5, 2015
Business

Ports of Seattle, Tacoma Vote to Launch Alliance

The ports of Seattle and Tacoma voted Aug. 4 to launch a partnership known as the Northwest Seaport Alliance to unify cargo terminal investment and operation.

August 5, 2015
Business

Class 8 Truck Orders Hit 24,100 in July

New Class 8 truck orders were “stronger than expected” in July at 24,100 units but still declined 20% from a year earlier, ACT Research reported.

Seth Clevenger | Managing Editor, Features and Multimedia
August 5, 2015
Business, Logistics

International Cargo Drives Intermodal Freight Up 4.5% in 2Q

Increased international cargo propelled intermodal freight 4.5% higher in the second quarter, driven by a combination of stronger imports and recovery from early 2015 port disruptions, the Intermodal Association of North America reported.

Rip Watson | Special to Transport Topics
August 5, 2015
Business

East Coast Port Cargo Traffic Surges as West Coast Falters

Growing international trade and continued diversion after West Coast dock disruptions have enabled the three largest East Coast ports to record double-digit cargo gains, based on the latest reports from New York-New Jersey, Savannah, Georgia, and the Norfolk, Virginia, area.

Rip Watson | Special to Transport Topics
August 5, 2015