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.
Navistar Is Third OEM to Skip MATS in 2016
Navistar Inc. said it will not attend the 2016 Mid-America Trucking Show, making it the third major truck manufacturer to pull out of the event.
Retail Sales Decline 0.3% in June
Sales at U.S. retailers unexpectedly dropped in June, curbing optimism about the strength of the rebound in consumer spending during the second quarter.
July 14, 2015Federal Court Seals Tracy Morgan Settlement With Wal-Mart
A federal judge in New Jersey has approved a motion to seal the terms of a court settlement in comedian Tracy Morgan’s lawsuit against Wal-Mart Stores Inc. in connection with a crash that left Morgan in a coma for days and that killed another comedian.
C.R. England Adds 2016 Western Star 5700 XE Tractors to Fleet
C.R. England introduced the 2016 Western Star 5700 XE tractors into its fleet July 14.
July 14, 2015Diesel Average Drops 1.8¢ to $2.814 Per Gallon in Seventh Consecutive Decline
Diesel’s national average price declined for the seventh consecutive week, slipping 1.8 cents to $2.814 per gallon, the Department of Energy reported July 13. That makes diesel $1.08 cheaper than a year ago, DOE said after its weekly survey of filling stations. But gasoline climbed 4.1 cents to $2.834.
July 13, 2015Top 100 Carriers Get More Selective With Freight as Capacity Remains Tight
The nation’s largest for-hire carriers are becoming more selective about the freight they haul, taking steps to minimize delays and focusing on better utilization of equipment and personnel as strong demand and a shortage of drivers continue to strain capacity.
The Top 100 List: 2015 For-Hire Carrier Rankings
Here is the 2015 Transport Topics Top 100 list of for-hire carriers. Companies are ranked by 2014 revenue unless otherwise footnoted.
July 13, 2015Wisconsin Gov. Scott Walker Signs $73 Billion State Budget, Announces Run For President
Wisconsin Gov. Scott Walker signed a $73 billion dollar state budget July 12, a day before announcing that he would join 14 other Republicans as a candidate for president of the United States.
Wilson Named CEO at Priority Logistics
Stephen Wilson has been selected as president and CEO of Priority Logistics, replacing Tim Nolen, who has been named chairman of the board of directors.
July 13, 2015UPS Sees Service Opportunities for Manufacturers
UPS Inc. said 78% of small or midsize manufacturers believe customers’ service expectations are rising, but just 12% view their after-sales service as a key advantage.
July 13, 2015