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.

Government, Business

DOT Cites 'Profound' Data Limitations in Size, Weight Study

Peter Rogoff, the U.S. Department of Transportation’s under secretary, said in a June 5 letter accompanying the release of a congressionally mandated study on truck size-and-weight limits there is not sufficient data to make any recommendations.

Eric Miller | Senior Reporter
June 5, 2015

Daily Briefings from Transport Topics

Transport Topics has partnered with Spoken Layer to make one-minute daily briefings available on all your smart devices. Simply say “Alexa, play Transport Topics” or “Okay Google, talk to Transport Topics” to get the day’s biggest trucking headlines.

Government, Business

House Rejects Insurance-Requirement Proposal

Lawmakers rejected an amendment targeting insurance requirements during the House’s consideration of the fiscal 2016 transportation funding bill June 4.

Eugene Mulero | Senior Reporter
June 5, 2015
Government, Business

Truck Dealer MHC Acquires Five Locations in Midwest

Truck dealership group Murphy-Hoffman Co. announced that it has acquired five dealership locations formerly operated by R.L. French Corp.

June 5, 2015
Business, Fuel

OPEC to Maintain Current Oil Output

OPEC ministers extended their campaign to restrain rival oil producers by continuing to pump oil into a global supply glut and keeping their combined daily production target at 30 million barrels.

June 5, 2015
Business

NFI Opens Distribution Center in Partnership with Rent-A-Center

Transportation firm NFI Industries said it has opened a distribution center in Lancaster, Texas, as part of a supply-chain partnership with Rent-A-Center.

June 5, 2015
Business

Covenant Transport Offers Hazmat Driver Pay Guarantee

Covenant Transport announced a new compensation package for experienced hazardous material team drivers that guarantees weekly pay of $1,000.

June 5, 2015
Business

Volvo Group Says it Reached Energy-Efficiency Goal Five Years Early

Volvo Group North America said it has reduced energy consumption at its eight U.S. manufacturing plants by 26.8% compared with 2009 levels, achieving its efficiency goal under the U.S. Department of Energy’s Better Buildings Challenge five years early.

June 5, 2015
Business

Trucking Adds 8,600 Jobs in May; US Payrolls Rise by 280,000

Trucking added 8,600 jobs in May, up substantially from April, and U.S. employers added 280,000 workers to payrolls, the Labor Department reported June 5.

Michael G. Malloy | Web Editor
June 5, 2015
Business

UTi Worldwide Narrows Fiscal-Quarter Loss

UTi Worldwide Inc. narrowed its loss for the fiscal 2016 first quarter to $35.4 million, or 35 cents per share, from the prior year period loss of $43.4 million that included one-time debt reduction costs.

June 5, 2015
Business

Scania to Test Overhead Line-Powered Trucks in Real-World Conditions

Scania said it will begin testing electric trucks powered by overhead lines in real-world conditions starting next February.

June 5, 2015