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

President of NGVAmerica to Retire

Richard Kolodziej, president of NGVAmerica for 18 years, will retire after a replacement is selected by the board of directors, the association said.

January 23, 2014
Business, Logistics

Safety Boards Fault Rail Hazmat Standards in US, Canada

The U.S. National Transportation Safety Board and the Transportation Safety Board of Canada issued recommendations Jan. 23 to improve the transportation of crude oil by rail on both sides of the border.

January 23, 2014
Business, Logistics

Union Pacific’s Profit Rises on Volume Growth

Union Pacific Corp. said it had the best fourth-quarter and full-year results in company history as volume grew for the first time in six quarters.

January 23, 2014
Business

Existing Home Sales Rise in December

Existing home sales increased 1% in December, the first rise in four months, the National Association of Realtors said Jan. 23.

January 23, 2014
Business

Index of Leading Economic Indicators Rises in December

An index of leading economic indicators increased 0.1% in December after a 1% rise in November that was higher than originally reported, the New York-based Conference Board said Jan 23.

January 23, 2014
Business

J.B. Hunt Transport Earnings Rise

J.B. Hunt Transport Services Inc. reported that its fourth-quarter net income rose 9.4% to $91.9 million, or 77 cents per share, helped by stronger intermodal, brokerage and dedicated freight business.

Rip Watson | Special to Transport Topics
January 23, 2014
Business

Jobless Claims Hold Near Six-Week Low

The number of Americans filing for jobless benefits held near a six-week low, the Labor Department reported Jan. 23.

January 23, 2014
Business

DTNA’s Mark Lampert to Retire

Mark Lampert, Daimler Trucks North America’s senior vice president of sales and marketing, will retire at the end of March, the company said.

January 22, 2014
Business

Teamster Workers to Vote on New YRC Contract Plan

Teamsters union members at YRC Worldwide Inc. will vote Jan. 25 and 26 on a revised contract extension proposal, which is on a fast track as the first $69 million of debt repayment looms in about three weeks.

Rip Watson | Special to Transport Topics
January 22, 2014
Business

ATA Tonnage Index Rises 8.2% in Dec., Hits Another Record

American Trucking Associations said its tonnage index rose 8.2% last month, reaching another record, capping the strongest year since 1998 and reflecting increasing strength across broad economic sectors.

Rip Watson | Special to Transport Topics
January 22, 2014