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, Fuel

Quality Carriers Expands With Houston Terminal

Quality Carriers Inc. said it has expanded its operations by adding a new terminal in the Houston market, due to an expanding natural gas market.

March 21, 2014
Business, Logistics

February Trailer Orders Jump 67.6%

February trailer orders jumped 67.6% from a year ago as fleets moved forward with equipment purchasing plans amid tightening capacity and higher freight demand, ACT Research reported.

Seth Clevenger | Managing Editor, Features and Multimedia
March 21, 2014
Business

Cargo Being Diverted as Vancouver Strike Continues

Shippers are diverting cargo from Port Metro Vancouver as a labor dispute enters its third week, even as truck operations at Canada’s largest have picked up despite an ongoing truckers’ strike.

Michael G. Malloy | Web Editor
March 21, 2014
Business, Logistics

Ocean Shipper Horizon Lines Reports 4Q Loss

Ocean shipper Horizon Lines reported a fourth-quarter loss of $14 million, or 36 cents a share, compared with a loss of $17.9 million, or 52 cents, a year earlier.

March 21, 2014
Business, Logistics

Intermodal Rail Traffic Jumps 11.9% for Week

U.S. rail intermodal traffic increased 11.9% in the week ended March 15 compared with the same week last year, the Association of American Railroads reported.

March 21, 2014
Business

Biglari Holdings Buys Trucking Insurer First Guard

Biglari Holding Inc. said it has acquired commercial trucking insurer First Guard Insurance Co. Terms were not disclosed.

March 21, 2014
Business, Equipment

Bridgestone Names President of U.S., Canada Operations

Bridgestone Americas Tire Operations said March 20 it promoted Kurt Danielson to president of its U.S. and Canada commercial tire sales.

March 21, 2014
Government, Business

FMCSA Amends Weight Definition

The Federal Motor Carrier Safety Administration amended its definition of “gross combination weight rating” to clarify enforcement practices when single-unit trucks are towing trailers.

Eric Miller | Senior Reporter
March 20, 2014
Government, Business

Judge Halts Oregon Information Swap System

An Oregon Circuit Court judge has halted the state’s practice of trading Department of Motor Vehicles records for website and computer services because the system shortchanges funding for road work.

Jonathan S. Reiskin | Associate News Editor
March 20, 2014
Government, Business

Nafta Trade Value Rises 2.6% in 2013

U.S. trade with Canada and Mexico increased by 2.6% last year over 2012, with exports growing more strongly than imports, the U.S. Bureau of Transportation Statistics reported March 20.

March 20, 2014