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

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, 2014
Business, Government

Factory Orders Rise 1.6% in February

Factory orders increased 1.6% in February, the Commerce Department reported April 2.

April 2, 2014
Business

Companies 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, 2014
Government, Business, Fuel

Ontario 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.

Michele Fuetsch | Staff Reporter
April 1, 2014
Business, Special Coverage

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, 2014
Special Coverage, Business

MATS 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.

Jonathan S. Reiskin | Associate News Editor
April 1, 2014
Government, Business

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.

Eugene Mulero | Senior Reporter
April 1, 2014
Business

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, 2014
Business

Motor 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, 2014
Government, Business

FMCSA 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.

Eugene Mulero | Senior Reporter
April 1, 2014