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

Osiecki Expects CSA Reform if Highway Bill Is Passed

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

Eugene Mulero | Senior Reporter
October 26, 2015
Business

Trucking Benefiting From Economic Growth; Analysts Say US in World’s Strongest Position

PHILADELPHIA — Its sluggishness aside, the U.S. economy is now, and will remain well into 2016, the world’s strongest producer and trucking will benefit from that, two economists said as part of their forecasts here.    

Jonathan S. Reiskin | Associate News Editor
October 26, 2015
Business, Safety, Government, Autonomous

TT Archives: New ATA President

Bill Graves, who served two terms as Kansas governor and whose family once owned a major truck line headquartered in the state, stepped into his new job as president of American Trucking Associations in January 2003.

October 26, 2015
Business

Agility Fuel Systems Opens Plant in North Carolina

Agility Fuel Systems, a supplier of natural-gas fueling systems for heavy-duty trucks, has opened a new manufacturing plant in Salisbury, North Carolina.

October 23, 2015
Government, Business, Safety, Autonomous

ATA’s Graves Urges House to Take Up Six-Year Highway Bill

American Trucking Associations President Bill Graves on Oct. 23 urged the House to take up a six-year highway bill reported out of committee this week.

October 23, 2015
Business

Profits at Volvo Rise Despite Drop in Truck Orders

Volvo AB said the krona’s decline on currency markets helped boost third-quarter operating profit even as truck orders, a predictor for future sales, dropped 15%.

Elisabeth Behrmann | Bloomberg News
October 23, 2015
Business, Logistics

XPO Extends Tender Offer for Shares of Con-way

XPO Logistics Inc. announced its tender offer for shares of Con-way Inc. has been extended until Oct. 30, in conjunction with the $3 billion acquisition agreement between the companies.

October 23, 2015
Business, Logistics

Maersk Cuts Profit Outlook on Weaker Global Container Market

A.P. Moeller-Maersk cut its profit forecast for 2015, citing a weaker container shipping market as the outlook for global growth becomes gloomier.

October 23, 2015
Business, Logistics

Investment Firm Acquires Unishippers Global Logistics

Ridgemont Equity Partners, an investment firm based in Charlotte, North Carolina, has acquired Unishippers Global Logistics, a transportation service provider that resells package and freight services through franchise affiliates across the United States.

October 23, 2015
Business

Amazon to Hire 100,000 Temporary Workers for Holiday Ramp-Up

Amazon.com Inc. is hiring 100,000 seasonal workers — 25% more than last year — as it continues to make online ordering almost as fast as running to the store.

October 23, 2015