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.
Experts Say Capacity Is More in Balance
ORLANDO, Fla. — Trucking supply and demand has been more balanced so far in the second quarter than a year earlier, but rates are continuing to rise because shippers have changed their freight-buying strategy, industry experts said.
April 20, 2015GE to Sell Financial Units, Plans to Exit Trucking
General Electric Co. said it will sell most of its GE Capital assets in the next two years, effectively securing the company’s exit from the trucking industry.
April 20, 2015Celadon Names Executives to New Appointments
Celadon Group Inc. announced several promotions within to its senior management team. The changes are effective immediately.
Lower Speed Limits Part of Safety Proposal for Oil Trains
Trains carrying crude oil will be restricted to a 40 mph speed limit in populated areas such as New York under an order by the U.S. Department of Transportation in response to a series of derailments.
ATA Honored with Special Merit Award From SmartWay
American Trucking Associations has been named one of seven national SmartWay Affiliate Challenge Award winners by the Environmental Protection Agency and one of only three to merit special recognition.
Tiger Cool Express Says New Investment Will Support Its Container-Fleet Expansion
Tiger Cool Express, a temperature-controlled intermodal carrier, said Wood Creek Capital Management has purchased an ownership interest in the company to support the “rapid” expansion of its refrigerated container fleet.
April 17, 2015Ford, Telogis Expanding Telematics Partnership to Europe
Ford Motor Co. and technology supplier Telogis said they have expanded their commercial-vehicle telematics partnership to the United Kingdom, with other European markets to follow this summer.
April 17, 2015Canal Insurance Partners with Lytx to Offer DriveCam
Trucking insurance provider Canal Insurance Co. is partnering with Lytx Inc. to offer its customers video-based driver safety programs at preferred pricing, the firms announced in a joint statement.
April 17, 2015Sec. Anthony Foxx: ‘More States Pulling Back Because of the Federal Funding Uncertainty’
WASHINGTON — Days after Senate transportation leaders said they would take up a long-term highway bill, Transportation Secretary Anthony Foxx reminded a group here that many states would be forced to scale back projects if Congress does not advance such a plan before a May deadline.
Volvo Financial Services Appoints Marcio Pedroso President of Americas Region
Volvo Financial Services appointed Marcio Pedroso president of its Americas region, succeeding Leo Hawkes, who retired after 13 years with VFS, the company announced April 16.