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

ATD Chairman Jorgensen Urges Involvement in Regulatory Process

SAN FRANCISCO — Fresh off the strongest year in recent memory, the chairman of the American Truck Dealers said he will still work to reduce the “intense burden” of additional federal regulations.

Neil Abt | Editorial Director
January 24, 2015
Business

McCandless Honored as ATD's 2015 Truck Dealer of the Year

SAN FRANCISCO — Scott McCandless, president of McCandless Truck Center in Aurora, Colorado, was chosen as the 2015 Truck Dealer of the Year.

Neil Abt | Editorial Director
January 24, 2015
Business

Kenworth T880 Wins ATD Truck of Year

SAN FRANCISCO — The Kenworth T880 with the Paccar MX-13 engine was honored as the 2015 commercial truck of the year.

Neil Abt | Editorial Director
January 24, 2015
Business

UPS Lowers 4Q Earnings Forecast on Holiday Costs

UPS Inc. said fourth-quarter earnings per share will be $1.25, lagging Wall Street estimates, because of higher costs related to U.S. deliveries during the peak season.

January 23, 2015
Business

FedEx Sticks With Its 2015 Forecast; Stock Slips Anyway

Minutes after UPS sent its stock tumbling with a surprise warning that fourth-quarter profit was cut by surging costs, FedEx took an unusual step.

January 23, 2015
Government, Business, Safety, Autonomous

Secretary Foxx’s Advice to Mayors: Get to Know Your Member of Congress

WASHINGTON — Transportation Secretary Anthony Foxx told mayors from around the country that if they are looking to advance public works projects in their municipalities that help trucking and other sectors they need the support from their members of Congress.

Eugene Mulero | Senior Reporter
January 23, 2015
Business, Logistics

Plunge in Crude Price Threatens Orders for Rail Tank Cars

Add tank car makers to the list of U.S. industries bracing for the effects from the plunge in crude prices.

Katherine Chiglinsky | Bloomberg News
January 23, 2015
Business

Wal-Mart Settles With Family of Comedian Who Died in Crash

Wal-Mart Stores Inc. reached a confidential legal settlement with the family of comedian James McNair, who died in a June 7 accident on the New Jersey Turnpike that also seriously injured actor-comedian Tracy Morgan.

David Voreacos | Bloomberg News
January 23, 2015
Business

Sales of Existing Homes Rise in December

Purchases of previously owned U.S. homes rose less than forecast in December as higher prices discouraged first-time buyers.

Shobhana Chandra | Bloomberg News
January 23, 2015
Business

Lytx Reports Record Growth in 2014

Lytx Inc. reported record subscription growth in 2014 as more fleets adopted its DriveCam safety program.

January 23, 2015