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.
Cass Index Rises 3.6% in June
The Cass Truckload Linehaul Index, a measurement of changes in base linehaul rates, rose 3.6% year-over-year in June, according to Cass Information Systems.
July 17, 2015Con-way Freight Will Add 875 Freightliner Trucks to Fleet
Less-than-truckload carrier Con-way Freight said it is purchasing 875 new trucks in order to update its fleet of linehaul and pickup/delivery vehicles.
EPA Suing Navistar Over 2010 Engines
The U.S. Environmental Protection Agency on July 14 filed a lawsuit against truck maker Navistar International Corp. alleging that the company in 2009 began the manufacture of 7,750 heavy-duty diesel engines it offered for sale in calendar year 2010 that did not meet emissions standards applicable to 2010 engines.
Jobless Claims Decline for First Time in Month
Filings for U.S. unemployment benefits declined last week for the first time in a month, heading back toward the lowest levels in more than a decade and signaling firings remain muted.
July 16, 2015Palladium Equity Buys Staffing Firm TransForce
Palladium Equity Partners, a private equity company, said an affiliated fund acquired driver staffing company TransForce Inc.
July 16, 2015Stericycle Plans to Purchase Shred-It International
Stericycle Inc., a company based in Lake Forest, Illinois, that manages the disposal of medical and hazardous waste, announced plans to buy Toronto-based Shred-It International for $2.3 billion.
July 16, 2015Senate Commerce Panel Advances 6-Year Transportation Bill That Includes FMCSA Reform
WASHINGTON — The Senate Commerce Committee on July 15 reported to the floor a six-year bill that would seek to reform parts of the Federal Motor Carrier Safety Administration.
Replay: LiveOnWeb Focus on 2015 Top 100 For-Hire Carriers, Capacity Issue
Watch the replay of our July 15 LiveOnWeb program dedicated to an analysis of the 2015 Transport Topics Top 100 For-Hire Carriers rankings and a discussion of capacity issues.
July 15, 2015Union Representation Vote Called off at Con-way Freight Facility in Oakland
Con-way Inc. said a union representation election at a Con-way Freight facility in Oakland, California, was called off, marking the latest defeat of labor organizing efforts at the less-than-truckload carrier.
House Passes 5-Month Highway Funding Patch
The House on July 15 passed a five-month extension of federal highway funding authority, giving the Senate about two weeks to act on the measure before such authority expires.