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, Equipment

Jack Cooper Sees Car Haulers Benefiting From Rail Delays

Jack Cooper Holdings Corp., the 87-year-old transporter of cars and light trucks, is preparing to haul more vehicles as rail delays cause automakers in the United States to seek alternatives.

Jing Cao | Bloomberg News
April 24, 2015
Government, Business

OOIDA Says Speed Limiters Would Make Highways Less Safe

A mandate that would require speed-limiting devices on large trucks is not supported by solid science, the Owner-Operator Independent Drivers Association told federal regulators.

Eric Miller | Senior Reporter
April 24, 2015
Business

Durable Goods Demand Up 4% in March

Demand for all durable goods — items meant to last at least three years — rose 4% on aircraft and autos in March, data from the Commerce Department showed April 24.

April 24, 2015
Government, Business

Expect a Very Short-Term Extension on Highway Funding, ATA Official Says

WASHINGTON — The transportation community should be ready to “expect a very short-term extension” to keep highway programs funded after funding authority expires at the end of May, American Trucking Associations Senior Vice President Chris Spear told reporters April 23.

Eugene Mulero | Senior Reporter
April 23, 2015
Business

Con-way Freight’s Buffalo Workers Vote Against Teamsters Union Representation

Employees at Con-way Freight’s Buffalo, New York, facility voted to reject representation by the Teamsters union, the company said.

Michael G. Malloy | Web Editor
April 23, 2015
Business, Technology

Dossier Plans to Expand Integrations, Provide More Options for Its Fleet-Maintenance Software

BALTIMORE — Dossier Systems is working to expand partnerships with outside technology vendors while continuing to develop new ways for customers to interact with its fleet-maintenance software, company executives said here at the Dossier Users Group Summit.

Seth Clevenger | Managing Editor, Features and Multimedia
April 23, 2015
Business

Ritchie Bros. Plans Largest Canadian Auction April 28-May 1

Ritchie Bros. Auctioneers is set to hold its largest Canadian auction next week, and the downturn in the energy sector is playing a significant role in adding equipment to the auction block, according to Ritchie and Canadian industry officials.

Michael G. Malloy | Web Editor
April 23, 2015
Business

April 23 Earnings Roundup: Covenant, Landstar, Hub Group,TransForce, Mullen

Truckload operators Covenant Transportation Group Inc. and Landstar System Inc. reported improved first-quarter results, while third-party logistics provider Hub Group Inc.’s earnings declined.

April 23, 2015
Government, Business

FMCSA Seeks Public Comment on 'Beyond Compliance' Initiative

The Federal Motor Carrier Safety Administration has issued a request for public comment on its exploratory initiative to find ways to reward carriers who deploy safety technologies or implement safety programs that exceed regulatory requirements.

Eric Miller | Senior Reporter
April 23, 2015
Business, Logistics

West Coast Port Gridlock Hampers Union Pacific Earnings

Union Pacific Corp., the largest U.S. railroad, posted first-quarter profit and sales below estimates as West Coast port congestion and slack coal demand caused carloads to decline.

Thomas Black | Bloomberg News
April 23, 2015