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

Senate to Take Up Highway Funding Bill; Will Consider 4 Amendments Before Vote

Senate leaders reached an agreement July 23 on how to proceed with a highway-funding bill, setting up floor votes on the legislation as early as July 29, Majority Leader Harry Reid (D-Nev.) said.

July 28, 2014
Business, Technology

Konezny Turns to Global Growth as Trimble Makes Domestic Gains

Two decades after launching PeopleNet Communications Corp. and three years removed from its purchase by Trimble Navigation, Ron Konezny said he is in the midst of his latest mission.

July 28, 2014
Business, Technology

PeopleNet to Offer Cloud Gateway to Meet Fleets’ Data Needs Faster

PeopleNet Communications Corp. said it will soon offer a cloud-based communications gateway to provide more information to more devices at a faster pace than ever before.

July 28, 2014
Business

Trucking Expected to Benefit From New Job-Training Law

President Obama signed into law a measure that provides new funding for job training and encourages local and state agencies and schools to work with employers to train workers for jobs in transportation and logistics and other industries.

July 28, 2014
Business

Quarterly Earnings Climb as Rates Rise, Fleets Say

The simultaneous improvement in freight markets and tightening capacity drove higher second-quarter industry earnings at several trucking companies last week.

July 28, 2014
Business

Daimler, Volvo Truck Units’ 2Q Profits Up, Led by Growth in North American Market

The truck divisions of Daimler AG and Volvo AB reported stronger financial results for the second quarter, driven in large part by growth in the North American market.

July 28, 2014
Business, Logistics

TransForce to Acquire Contrans Group

TransForce Inc. said it will buy fellow Canadian carrier Contrans Group Inc. for about C$495 million.

Michael G. Malloy | Web Editor
July 25, 2014
Business

Dana’s Second-Quarter Earnings Decline

Dana Holding Corp.’s second-quarter earnings declined on weaker demand in South America and India.

July 25, 2014
Business, Equipment

Wabco 2Q Income Declines; Sales Rise

Belgium-based Wabco Holdings Inc. said second-quarter net income declined from a year ago, but sales and operating income improved.

July 25, 2014
Business, Safety, Government, Autonomous

Truck Border Crossings Rise to 10.8 Million in 2013

Commercial truck crossings into the United States from Mexico and Canada increased 1.1% to 10.8 million in 2013, according to the U.S. Department of Transportation.

July 25, 2014