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.
Niagara Bridge Agency Sells Debt to Improve Crossing
The Niagara Falls Bridge Commission, which runs three crossings over the natural wonder, is raising money through municipal bonds for the first time in two decades to improve the entry into New York from Canada.
US Gasoline Falls in Lundberg Survey
The average price for regular gasoline at U.S. pumps dropped 1.54 cents in the two weeks ended Sept. 5 to $3.46 a gallon, according to Lundberg Survey Inc.
Omnitracs to Purchase XRS
Omnitracs has agreed to purchase XRS Corp. for about $178 million, a move that would expand its mobile device offerings and potentially broaden the technology supplier’s reach to new sectors of the trucking industry.
September 8, 2014Opinion: The Right Way to Pay for Road Improvements
The Missouri Temporary Sales Tax Increase for Transportation, Amendment 7 — a referendum to fund transportation infrastructure improvements by raising the state’s sales tax — was struck down by the voters Aug. 5.
September 8, 2014Editorial: Where the News Is
Our reporters daily scour government and business sources for news to keep you fully informed about how actions on both fronts are affecting trucking and freight transportation.
September 8, 2014Transport Firms, Schools Forge Closer Ties to Help Employees Advance Their Careers
Trucking is an industry heavily infused with entrepreneurial, family-owned businesses where learning takes place on the job over time. As companies grow larger and more complex, however, the need for more formal education and training is growing, executives said.
September 8, 2014Leasing Company Seeks Appeals Court Review after Being Found Partially Liable in Crash
A truck leasing company is seeking an appeals court review of a federal judge’s ruling in a lawsuit alleging a leasing company is “vicariously liable” for potential negligence damages in a fatal 2009 crash in New York.
September 8, 2014Executives Gather in Calif. for IANA Meeting as Truck-Rail Cargo Growth Accelerates
Executives from the trucking, rail, ocean and equipment industries will gather Sept. 21-23 for the Intermodal Expo as cargo growth continues at a record pace and rail service delays pose challenges in the sector.
September 8, 2014Navistar Slashes 3rd-Qtr. Loss to $2 Million; Warranty Costs Fall, Production Increases
Navistar International Corp. posted its smallest quarterly loss in two years, narrowly missing the break-even point in its fiscal third-quarter results as warranty costs declined and production levels rose.
September 8, 2014Teamsters’ Efforts Advance at Con-way, FedEx LTL Units
Teamsters union organizing efforts are advancing at FedEx Freight and Con-way Freight, the two largest nonunion less-than-truckload carriers, according to National Labor Relations Board records.
September 8, 2014