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.
Truckers Against Trafficking Receives Congressional Award
Truckers Against Trafficking has been honored by a group of federal lawmakers for its work in rescuing young women from human trafficking networks in which they are sexually exploited.
Sales of New Homes Slumped in March from Seven-Year High
Purchases of new homes slumped more than forecast in March from a seven-year high, a sign progress in the industry will be halting.
April 23, 2015Jobless Claims Hold Below 300,000 for Seventh Week
Applications for U.S. unemployment benefits held below 300,000 for the seventh straight week, pointing to a rebound in payrolls after hiring eased last month.
April 23, 2015Volvo's First Quarter Sales Increase, But Foreign Exchange Creates a Drag
Sweden-based manufacturer Volvo AB reported first-quarter increases in sales and net income, including at its truck-making operations — the second-largest in the world.
How the Trucking Industry and Others Recognized #EarthDay
Here's a Twitter roundup of how the trucking industry and others are recognizing efforts to save the planet on Earth Day.
April 22, 2015Sen. Steve Daines Presses Transportation Secretary Anthony Foxx on Acting DOT Posts
WASHINGTON — With five agencies at the Department of Transportation run by acting administrators, Sen. Steve Daines (R-Mont.) asked Secretary Anthony Foxx on April 22 why the Obama administration had yet to announce nominees to fill those posts full time.
Rush Enterprises’ 1Q Profit Gains on Higher Truck Sales
Truck dealership chain Rush Enterprises’ first-quarter net income rose as its Class 8 truck sales jumped more than 50% year-over-year.
Intermodal Rail Traffic in US Rises to Highest Level This Year
U.S. rail intermodal traffic rose 8.1% in the week ended April 18 compared with the same week last year, the Association of American Railroads reported.
April 22, 2015Transportation Secretary Anthony Foxx: ‘I Hope We’re Able to Meet’ HOS Study Deadline
WASHINGTON — Transportation Secretary Anthony Foxx reassured senators on April 22 that his department’s trucking regulatory agency is aiming to complete a study on a recently suspended hours-of-service rule by its mid-December deadline.
Olof Persson Out at Volvo AB, Scania Exec Tapped as Replacement
Volvo AB, under shareholder pressure to boost profit margins, ousted CEO Olof Persson as the world’s second-largest truck maker seeks to revamp strategy amid tougher competition.