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.
Top 10 Stories From First Half of 2015
It's been an eventful year and it's only half over! Take a look back at our Top 10 stories, based on metrics, from the first half of 2015.
July 2, 2015Trucking Adds 7,400 Jobs in June as Unemployment Rate Falls
The trucking industry added 7,400 jobs in June as the unemployment rate fell to a seven-year low of 5.3% as more people left the labor force, the Labor Department reported July 2.
July 2, 2015BP Reaches $18.7 Billion Settlement Over Deadly 2010 Spill
HOUSTON — BP will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history.
J.B. Hunt Joins S&P 500 Index
J.B. Hunt Transport Services Inc. has been selected to join the Standard & Poor’s 500 Index, a stock market index based on the performance of 500 large publicly traded companies.
July 2, 2015ATA Names Stephenson to Vice President Post
American Trucking Associations named Boyd Stephenson, who previously was its director of commercial driver licensing, to the new post of vice president of supply chain security and operations.
July 2, 2015Component Supplier Rassini Expands to North American Heavy-Truck Market
Rassini, a Mexico-based supplier of suspension and brake components, said it has expanded its offerings to include leaf springs for the North American commercial-truck market.
July 2, 2015Rail Intermodal Traffic Rises to Highest Level on Record in June
U.S. rail intermodal traffic rose to the highest level on record in June, the Association of American Railroads reported.
July 2, 2015Greenbrier Earnings Rise as Deliveries Increase
Intermodal and freight car manufacturer Greenbrier Cos. raised net income 27% to $42.8 million, or $1.33 per share, in its fiscal third quarter ended May 31 as railcar deliveries increased.
July 2, 2015Consolidated Chassis Management Appoints Poelma to Succeed Wojcik
Intermodal equipment pool operator Consolidated Chassis Management said that Jon Poelma has been appointed senior vice president and chief operator, succeeding CEO Phil Wojcik in the top management post.
July 2, 2015Kenworth’s New Remote Diagnostics System Enters Production
Kenworth Truck Co. has begun production of its TruckTech+ remote diagnostics platform on new Class 8 Kenworth models equipped with the Paccar MX-13 engine.
July 2, 2015