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

UPS Makes Collision-Mitigation Technology Standard on Class 8 Tractors It Orders

NORWALK, Ohio — UPS Inc. announced it is making collision-mitigation technology from Bendix Commercial Vehicle Systems standard equipment on every Class 8 tractor the company orders.

Neil Abt | Editorial Director
July 22, 2015
Government, Business

EPA Rule Change Could Result in Noncompliance, Loss of Federal Funding, Chamber of Commerce Says

WASHINGTON — A small change in the cap for ground-level ozone emissions could lead to wide-scale noncompliance of environmental rules, and a major business group says that could be flipped into the federal government yanking funding commitments for highway and transit projects.

Jonathan S. Reiskin | Associate News Editor
July 22, 2015
Government, Business

Senate Proceeds With Amendments to Highway Bill, Schedules Sunday Session

The Senate on July 24 voted 51-26 to allow debate on amendments to a six-year highway bill.

Eugene Mulero | Senior Reporter
July 22, 2015
Business

FedEx Agrees to Buy $10 Billion of Boeing 767 Jet Freighters

FedEx Corp. agreed to buy 50 Boeing Co. 767 freighters with a list value of about $10 billion, the model’s largest-ever order, as it upgrades the fleet at the FedEx Express unit.

Julie Johnsson | Bloomberg News
July 22, 2015
Business

Sales of Existing Homes Climb to Highest Level in 8 Years

Sales of previously owned U.S. homes climbed to an eight-year high in June as momentum in the residential real estate market accelerated.

July 22, 2015
Business

Higher Rates Help Knight, Covenant Improve Profits

Two of the nation’s largest truckload fleets raised second-quarter earnings with help from rate increases.

Rip Watson | Special to Transport Topics
July 22, 2015
Business

Two Transport Firms, Truck Dealer Report Lower Second-Quarter Profits

Two transport companies and a major truck dealer reported lower second-quarter results.

July 21, 2015
Business

Navistar Receives Order for 1,050 Trucks

Truck maker Navistar Inc. said it has received an order for 1,050 of its International brand Class 8 on-highway tractors under a new three-year supply agreement with an unidentified leasing company.

July 21, 2015
Business

ATA Backs Legislation Authorizing Interstate Pilot Programs for Younger Drivers

American Trucking Associations endorsed congressional legislation that would lead to a graduated licensing program for commercial drivers.

July 21, 2015
Government, Business

Senate Blocks Highway Bill; Dems Want More Time for Review

The Senate voted not to proceed with a six-year highway policy measure July 21 that transportation leaders and the chamber’s Republican leadership crafted after several intense days of negotiations.

Eugene Mulero | Senior Reporter
July 21, 2015