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.
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.
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.
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.
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, 2015FedEx 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, 2015Secretary 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.
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.
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.
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.
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