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

LTLs Report Higher Second-Quarter Profits as Business Conditions Continue to Improve

All but one publicly traded less-than-truckload operation capitalized on improving industry conditions to help companies to achieve higher second-quarter profits.

August 4, 2014
Business

Agriculture Dept. Faces Broad Opposition over Plan to Triple Border-Inspection Fees

The U.S. Department of Agriculture heard strong opposition from transportation groups, members of Congress and the Canadian government in response to a plan to triple border-crossing inspection fees and to create a new fumigation fee.

August 4, 2014
Business

UPS Reports 2nd-Quarter Growth, Plans Operational Improvements

UPS Inc. said its second-quarter profit improved 4.5% to $1.12 billion, excluding a one-time pension charge, driven by revenue growth in every sector.

August 4, 2014
Business, Autonomous

Navistar Sets Used-Truck Plan to Lift Appeal of Late Models

Navistar Inc. announced the launch of a  program aimed at increasing the appeal of its later-model used trucks with exhaust gas recirculation engines.

August 4, 2014
Business

Daimler Says Investments During Recession Resulting in Higher Vocational-Market Sales

Daimler Trucks North America said it’s reaping returns in sales of heavy- and medium-duty vocational trucks based on investments that started during the depths of the recession.

August 4, 2014
Business

Forklift Workers Face Risk in Fast-Paced Warehouses

As the economy continues its recovery and demand for the delivery of goods increases, forklift operators and other distribution center workers are feeling pressured to handle their tasks as quickly as possible — which could mean safety is being sacrificed for expediency, logistics managers said.

August 4, 2014
Business

Manufacturers Add Technology to Improve Forklift Safety

Manufacturers are taking advantage of technological advances to design safer forklifts.

August 4, 2014
Business, Technology

Zonar Appoints Vikas Jain as COO

Truck technology vendor Zonar Systems has hired former Omnitracs executive Vikas Jain as its chief operating officer.

Seth Clevenger | Managing Editor, Features and Multimedia
August 1, 2014
Business

French Company to Buy Logistics Operator Jacobson

France’s Norbert Dentressangle, an international logistics operator, said it has agreed to buy the Iowa-based Jacobson Companies for $750 million to expand in the U.S. market.

August 1, 2014
Business

Construction Spending Drops 1.8%

Construction spending declined 1.8% in July, the biggest downturn in more than three years, Commerce Department reported Aug. 1.

August 1, 2014