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.
Former Arrow CEO Doug Pielsticker Pleads Guilty to Tax Evasion, Fraud
Former Arrow Trucking Co. CEO Doug Pielsticker pleaded guilty to federal tax evasion and fraud charges in a Tulsa, Oklahoma, courtroom on Feb. 4.
Blumenauer Bill Would Raise Fuel Taxes; ATA’s Graves Touts Approach
Rep. Earl Blumenauer, a member of the tax-writing House Ways and Means Committee, held a press conference Feb. 4 to announce he has reintroduced the bill he put forth last year that would increase fuel taxes to pay for upgrading the nation’s aging transportation system.
Virginia Tech Chosen to Lead FMCSA Restart Study
Virginia Tech’s Transportation Institute has been chosen to conduct the federal government’s study on the 34-hour restart rule.
Feb. 4 Earnings Roundup: ArcBest, Con-way, Forward Air, Hub Group, Roadrunner, Wabash, XPO
Four more trucking businesses reported fourth-quarter results, including earnings that more than doubled at Con-way Inc., and increases of 41% at ArcBest Corp. and 10% at Roadrunner Transportation Systems.
February 4, 2015Andreas Renschler Begins Post as VW Trucks Chief
Andreas Renschler officially took over as head of Volkswagen’s truck division on Feb. 1, and he will spearhead a growth effort that could include an acquisition in the United States.
February 4, 2015John Arndt Jr., Longtime Navistar Employee, Dies at 74
John C. Arndt Jr., who for decades worked for Navistar Corp. and Penske Leasing as well as his own firm, died Jan. 12 at his home in St. Charles, Illinois. He was 74.
February 4, 2015Navistar Sets Focus on ‘Uptime’ for Customers’ Trucks
Navistar Inc. said it was planning a new mission with a focus on maximizing uptime and keeping customers’ trucks on the road.
February 4, 2015Senate Bill Would Provide Tax Equity For LNG
Republican and Democratic senators have reintroduced their bill to create tax equity for carriers that use liquefied natural gas.
Mark Gagnon Named Board Chairman of Connecticut Trucking Group
Mark Gagnon, president of Capitol Moving and Storage of South Windsor, Connecticut, was recently installed as the chairman of the board of the Motor Transport Association of Connecticut.
FMCSA Wants to Query Carriers About Relationship of Pay to Safety
The Federal Motor Carrier Safety Administration has announced that it is seeking approval from the Office of Management and Budget to query carriers on the relationship of safety and current driver compensation practices.