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

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.

Romy Varghese | Bloomberg News
September 8, 2014
Business

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.

September 8, 2014
Business, Technology

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, 2014
Perspective, Business

Opinion: 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, 2014
Editorial, Business

Editorial: 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, 2014
Business

Transport 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, 2014
Business

Leasing 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, 2014
Business

Executives 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, 2014
Business

Navistar 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, 2014
Business

Teamsters’ 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