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.
Three Plead Guilty in Brooklyn to Federal CDL Fraud
Three people in Brooklyn, New York, pleaded guilty to fraud charges regarding tests for commercial driver licenses, according to two federal agencies.
Obama’s Budget Request Includes Freight Grant Program, Foxx Says
WASHINGTON — President Obama's upcoming budget request for the Department of Transportation will include parts of the four-year, $302 billion transportation plan the administration unveiled last year, Transportation Secretary Anthony Foxx told lawmakers.
Jan. 29 Earnings Roundup: Landstar, Werner Say Profits Rose by About Half
Landstar System Inc. and Werner Enterprises Inc., two of the largest truckload carriers, announced fourth-quarter earnings increases of 53% and 48%, respectively, to continue the positive trend in the sector.
January 29, 2015DTNA Settles Former Workers’ Discrimination Case
Daimler Trucks North America said it will pay $2.4 million to settle a discrimination-related complaint by six former factory employees.
January 29, 2015Attorneys in Pilot Fuel Rebate Case Seek Sentencing Delay
Prosecutors and defense attorneys in the Pilot Flying J diesel-fuel rebate criminal case have asked a federal judge to delay sentencing for 10 former company executives who have pleaded guilty as participants in a scheme to cheat customers.
Jacoby Named Trala CEO
Jake Jacoby has been named CEO of the Truck Renting and Leasing Association, the group’s executive committee announced last week.
January 29, 2015Cargomatic Raises $8 Million in Additional Funding
A California company that matches local loads with trucks via an app has received $8 million in additional funding from investors, including several in the trucking industry, it announced Jan. 29.
Former Pa. Governor Urges Senators to Raise Gas Tax
Reminding lawmakers about the urgent need to rebuild the country's aging transportation network, former Pennsylvania Gov. Ed Rendell (D) told a key Senate panel on Jan. 29 that they need to raise fuel taxes.
Sens. Boxer, Paul Team Up to Boost Highway Trust Fund
Sen. Barbara Boxer of California, the top Democrat on the transportation policy-writing Environment and Public Works Committee, announced on Jan. 29 she has teamed up with Kentucky Republican Sen. Rand Paul on legislation that would use revenue from repatriation to pay for highway construction.
FMCSA Should Shift Focus to Crash Causes, Industry Exec Tells Senators
The general counsel for one of the nation’s largest trucking companies told a Senate panel that to reinforce the recent reduction in truck crashes the federal government must redirect its safety efforts to address the primary causes.