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.
Heartland’s 3Q Income Grows
Heartland Express Inc. said its third-quarter profit grew 27.6% to $15.9 million, or 19 cents a share, compared with $12.4 million, or 15 cents, a year ago.
October 16, 2013Traffic Enforcement to Rise During 'Operation Safe Driver Week'
The Commercial Vehicle Safety Alliance said that law enforcement agencies nationwide will be stepping up traffic enforcement during its “Operation Safe Driver Week,” during Oct. 20-26.
October 16, 2013Volvo to Restructure Truck Manufacturing in Europe
Volvo Group said it is planning to restructure its truck manufacturing operations in Europe in a move to improve efficiency.
Economy Grows Modestly, Fed ‘Beige Book’ Says
The U.S. economy improved at a modest to moderate pace in the six weeks ended in early October, the Federal Reserve said.
October 16, 2013Marten’s 3Q Income Rises 22.4%
Truckload carrier Marten Transport said the third quarter of 2013 was the best financial quarter in its history, when profit rose 22.4% to $8 million, or 24 cents per diluted share.
October 16, 2013Livingston Intl. Acquires Advantex Express
Livingston International has acquired the assets of Advantex Express Inc. as well as the shares of its U.S. subsidiaries. Terms were not disclosed.
October 16, 2013TWIC, Hazmat Background Checks Unaffected by Government Shutdown
The Transportation Worker Identification Credential and the Hazardous Materials Endorsement background-check programs have not been affected by the government shutdown, American Trucking Associations officials confirmed.
About 50 Carriers Opt Out of Pilot Settlement
Only about 50 of the 6,000 Pilot Flying J customers who were eligible to participate in a rebate-fraud class action lawsuit settlement have formally declined to participate in the settlement, Pilot’s attorney said.
House Panel Considers Freight Infrastructure Funding
Members of a House subcommittee heard testimony on funding freight transportation networks, including the experience of state transportation departments in Maryland and Virginia.
Colorado Highways Slowly Recover from Flooding
A month after floods devastated roads and bridges in northern Colorado, state officials said they have been able to fully reopen only one highway: State Highway 119, which runs between Boulder and Nederland.