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

Personal Spending Rises by Most in Five Months

Personal spending rose 0.7% in February, the largest gain in five months, the Commerce Department said Friday.

March 29, 2013
Business

ABF, Teamsters Agree to 30-Day Extension on Contract Talks

ABF Freight System said it has agreed to a 30-day extension on its contract talks with the Teamsters union beyond a scheduled March 31 deadline.

March 29, 2013
Business

Virginia Port Terminals Vote Against Privatization

The Virginia Port Authority Board of Commissioners voted unanimously this week to end any consideration of privatizing operations at its terminals.

Michele Fuetsch | Staff Reporter
March 29, 2013
Business, Technology

Electronic Logging Use Jumps to 35%, Study Says

The number of carriers using electronic logging devices on all of their trucks jumped to 35% in February from 25% in May of last year, according to a new study from Transport Capital Partners.

March 28, 2013
Business, Logistics

UTi Worldwide Reports 4Q Loss

UTi Worldwide reported a fourth-quarter loss of $142.8 million, or $1.38 per share, from a profit of $12.4 million, or 12 cents, a year earlier.

March 28, 2013
Business

Chicago Manufacturing Activity Expands at Slower Pace in March

Manufacturing activity in the Chicago area expanded at a slower pace in March, the Institute for Supply Management-Chicago said Thursday.

March 28, 2013
Business

Natso Selects Tom Heinz as Chairman

Natso, which represents truck stops and other groups, said it has selected Tom Heinz, president of Coffee Cup Fuel Stop & Convenience Stores, as its 2013 chairman.

March 28, 2013
Business

Initial Jobless Claims Rise by 16,000 for Week

Initial jobless claims rose by 16,000 last week, the Labor Department said Thursday.

March 28, 2013
Business, Fuel

Volvo, Mack Set Partnership With Shell to Boost LNG Use in Heavy Trucks

Volvo Trucks and sister company Mack Trucks announced agreements Wednesday with Shell Oil Co. to support expanded use of liquefied natural gas in heavy-duty trucks.

March 27, 2013
Business

Daimler to Recall Freightliner Cascadia Trucks for Light Issue

Daimler Trucks North America will recall about 46,000 Freightliner Cascadia trucks due to a software glitch that may cause the daytime running lights to turn off, the company said in a report released by the federal government Wednesday.

Timothy Cama | Staff Reporter
March 27, 2013