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.
Volkswagen Agrees With Swedish Unions Over Scania Job Security
Volkswagen has agreed with Swedish labor unions to grant full job security to workers at Swedish truck maker Scania, which the German automotive group is seeking to acquire, Reuters reported April 2.
April 2, 2014Factory Orders Rise 1.6% in February
Factory orders increased 1.6% in February, the Commerce Department reported April 2.
April 2, 2014Companies Added 191,000 Workers in March, ADP Says
Companies boosted payrolls in March by the most in three months, adding to evidence the job market is recovering from a blast of harsh winter weather, a private payrolls report showed.
April 2, 2014Ontario Orders 3% Biodiesel Mandate
Starting April 1, the provincial government in Ontario is requiring that trucking’s main fuel sold there be at least 3% biodiesel.
Recap: Mid-America Trucking Show
Check Transport Topics’ special MATS page for wrap-up coverage of last week’s Mid-America Trucking Show in Louisville, Ky.
April 1, 2014MATS Attendance Increases 9.2%; Total Is Third Highest Ever
People from all 50 states and 78 countries attended last week’s Mid-America Trucking Show in Louisville, Ky., with attendance up 9.2% from last year, according to the event’s management.
Institute Takes Closer Look At States’ Gas Tax
As state and federal transportation officials scramble to secure funding sources to repair aging infrastructure, two timely fact sheets released by the Institute on Taxation and Economic Policy on April 1 highlight what states have done with their gas tax system over the years.
Celadon to Sell $53 Million in Assets to Pay Down Debt
Celadon Group said it has agreed to sell about 600 leases and tractors to Element Financial Corp. for about $53 million to pay down debt.
April 1, 2014Motor Transport Underwriters Acquired by Hudson Insurance Group
Hudson Insurance Group said it has acquired longhaul trucking underwriter Motor Transport Underwriters. Terms were not disclosed.
April 1, 2014FMCSA Shuts Down Texas Carrier
A Texas-based motor carrier was shut down April 1 for what the Federal Motor Carrier Safety Administration said was a disregard for safety regulations and endangering the lives of its drivers, passengers and the public.