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

Housing Starts Rise as Construction Underpins Economy

New-home construction in the United States climbed in September, a sign residential real estate will bolster the world’s largest economy.

October 20, 2015
Business, Special Coverage

Baby, You Can Drive My Truck: Paul McCartney Rocks Freightliner Dinner at MCE

PHILADELPHIA — Music icon Sir Paul McCartney surprised and delighted the nearly 1,000 people attending a customer appreciation dinner hosted by Freightliner Trucks here on Oct. 19.

Neil Abt | Editorial Director
October 20, 2015
Special Coverage, Business

ALK Updates CoPilot Navigation to Better Manage Routes by Vehicle Size

PHILADELPHIA — ALK Technologies has updated its CoPilot Truck in-cab navigation product to make it easier for fleets to create and follow routes optimized for vehicle size and load.

Seth Clevenger | Managing Editor, Features and Multimedia
October 19, 2015
Business

Personality Traits Can Predict Driver Turnover, Study Finds

Personality traits of drivers can predict turnover and safety performance, according to preliminary results of a study by researchers at the University of Notre Dame.

October 19, 2015
Special Coverage, Business

Omnitracs to Launch Navigation System

PHILADELPHIA — Trucking technology supplier Omnitracs is expanding its product line with the upcoming launch of a new navigation system.

October 19, 2015
Special Coverage, Business

ATA's Osiecki Expects Favorable Reforms If Congress Passes Highway Bill

PHILADELPHIA — Dave Osiecki, American Trucking Associations’ executive vice president and chief of national advocacy, says he is optimistic regulations the industry has criticized over the years would be reformed if Congress advances key bills this year.

Eugene Mulero | Senior Reporter
October 19, 2015
Special Coverage, Business

Shuster Predicts Highway Bill Will Reach Obama This Year

PHILADELPHIA — House Transportation and Infrastructure Committee Chairman Bill Shuster (R-Pa.) said Oct. 19 that he expects a six-year highway funding bill to reach the House floor next week and the White House before the beginning of 2016.

David Elfin | Staff Reporter
October 19, 2015
Special Coverage, Business

October Truck Orders Will Fall, DTNA Says

PHILADELPHIA — The October report on Class 8 truck orders that is coming out in early November will not look good, said the CEO of Daimler Trucks North America, but that will be because numbers will be compared to a highly unusual corresponding month last year.

Jonathan S. Reiskin | Associate News Editor
October 19, 2015
Business

WEX in Agreement to Buy Electronic Funds Source for $1.1 Billion

Payment solutions provider WEX Inc. has entered into a definitive agreement to acquire Electronic Funds Source for $1.1 billion and 4 million shares to be issued to investment funds affiliated with Warburg Pincus, EFS' current owner.

October 19, 2015
Business

Saddle Creek Upgrades CNG Infrastructure as Fleet Hits 50 Million-Mile Mark

Saddle Creek Logistics Services said its compressed natural-gas fleet of 200 heavy-duty trucks reached the 50 million-mile mark in October. It also recently completed a $1.5-million upgrade to the CNG fueling facility at its Lakeland, Florida, headquarters, by adding more efficient time-fill stations.

October 19, 2015