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.
Roadrunner Holder to Sell 2 Million Shares
Roadrunner Transportation Systems Inc. said HCI Equity Partners, one of its largest shareholders, is selling at least 2 million shares to the public for $24.75 each.
August 4, 2015R.R. Donnelley To Split Into Three Companies
R.R. Donnelley & Sons Co., one of the nation’s largest publishers and marketing and communications firms, said it will split into three separate, publicly traded companies in an effort to strengthen its market position and pursue growth.
August 4, 2015Factory Orders Rebound on Strong Demand for Transportation Equipment
New orders for U.S. factory goods rebounded strongly in June on robust demand for transportation equipment and other goods, a hopeful sign for the struggling manufacturing sector.
ATRI Survey To Rank Top Industry Issues
Trucking industry leaders are being asked to rank their top concerns and ways to address them, in the American Transportation Research Institute’s 11th annual issues survey launched Aug. 4.
August 4, 2015With Two Truck Factories Humming, Ford Posts Massive July Sales
Ford appears to have finally found the right gear with its F-150 pickup, otherwise known as the moneymaker.
Two US Railroads Advance Intermodal Projects
CSX Corp. and Kansas City Southern have announced new facility advancement projects that are intended to handle more truck/rail freight.
August 3, 2015Virginia Trucker Wins $91.8 Million Lottery Prize
It looks like Steven Peloquin (right), a truck driver for more than 30 years from Mechanicsville, Virginia, will soon be contributing to the nationwide driver shortage. But you can hardly blame him.
August 3, 2015Swift Amends Credit, Term Loans
Swift Transportation Co. has amended its credit agreement to add $150 million to its revolving credit facility and revised term loans, the company announced in a Securities and Exchange Commission filing.
August 3, 2015Polaris Adds Boston-to-Toronto LTL Service
Polaris Transportation Group, a less-than-truckload carrier based in Canada, announced that it has begun overnight LTL service between Boston and Toronto.
August 3, 2015Manufacturing Cooled in July Following Five-Month High
Manufacturing in the United States cooled in July from the highest level in five months, a sign of fitful progress in the industry.