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.
Eaton Promotes Pattada to President of North American Truck Division
Vehicle component maker Eaton Corp. has promoted Pavan Pattada to president of the North American truck division, effective Jan. 1.
December 3, 2014Service Industries Expand at Second-Fastest Pace in Nine Years
Service industries in the U.S. expanded in November at the second-fastest pace in more than nine years, a sign the world’s largest economy is powering past a global slowdown.
December 3, 2014Truck Orders Almost Double, Rise to 41,000 in November
North American Class 8 truck orders jumped 93.5% in November to 41,000 units, the second-highest total since 2006, ACT Research reported.
Companies Added 208,000 Workers in November, ADP Says
Companies in the U.S. added 208,000 workers in November, indicating steady progress in the labor market, a private payrolls report showed.
December 3, 2014Number of Fleets Using PrePass Passes 40,000
HELP Inc. announced that the number of qualified fleet customers using its PrePass bypass solution has passed the 40,000 mark as of Dec. 2.
December 3, 2014UTi Denies Reported Talks of Advanced Sale
UTi Worldwide Inc., the U.S. logistics firm whose biggest shareholder is hedge fund P2 Capital Partners, has denied a report by Bloomberg News that it is in advanced talks to sell itself to DSV A/S, the Nordic region’s biggest trucking company.
December 3, 2014ATA Pledges Members Will Hire 100,000 Veterans Over Two Years
American Trucking Associations pledged that its members will hire 100,000 military veterans over the next two years.
NHTSA Nominee Mark Rosekind to Address Senate Panel Dec. 3
Mark Rosekind, the administration’s choice to lead the National Highway Traffic Safety Administration, is scheduled to appear before a key Senate panel Dec. 3.
Rep. Petri Supports Bill That Would Raise Fuel Taxes
Tom Petri (R-Wis.), the outgoing chairman of the subcommittee on highways, said he will become a co-sponsor of a bill that would increase federal fuel taxes to support the nation’s transportation system.
Former UPS Driver Presses Rights of Pregnant Workers in Supreme Court Case
A former United Parcel Service Inc. driver is pressing what may become the most significant case in decades on the rights of pregnant workers as she asks the U.S. Supreme Court to expand protection for millions of women.
December 2, 2014