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, Logistics

Intermodal Rail Volume Rises 1% For Week

Weekly U.S. intermodal rail traffic rose 1% from the same period last year, the Association of American Railroads reported.

October 21, 2015
Special Coverage, Business

Familiarity With Washington's Political Landscape an Asset for New ATA Chairman Pat Thomas

LOUISVILLE, Ky. — For Pat Thomas, senior vice president of state government affairs at UPS Inc. and the new chairman of American Trucking Associations, Big Brown’s gargantuan hub here epitomizes freight connectivity.

Eugene Mulero | Senior Reporter
October 21, 2015
Business

Singapore Post Acquires TradeGlobal, Expands e-Commerce Services

Singapore Post has agreed to acquire TradeGlobal Holdings, a company based in Cincinnati that provides e-commerce and logistics services, from the investment firm Bregal Sagemount for $168.6 million.

October 21, 2015
Business

European Regulators Won’t Block FedEx-TNT Linkup

FedEx Corp. and TNT Express N.V. announced that European regulators won’t object to the companies’ $4.9 billion acquisition plan, a decision that removes a barrier to their deal.

October 21, 2015
Business

Investment Firms Acquire Great Western Leasing and Sales

Two private equity investment firms, Headhaul Capital Partners and Argosy Investment Partners, have acquired Great Western Leasing and Sales Inc. and will work with the company’s management to grow the business.

October 21, 2015
Business

Rush Enterprises 3Q Income Down 15% on Energy Sector Woes

Rush Enterprises Inc., a multistate network of truck dealerships and related services, reported third-quarter net income fell 15% year-over year as sharp declines in the energy sector cut into sales of related Class 8 trucks and aftermarket services.

October 21, 2015
Business

GM Profit Beats Expectations on Strong Truck Sales

General Motors Co. reported third-quarter profit that beat analysts’ estimates as strong light-truck sales in the United States and stable operations in China produced a record $3.1 billion in adjusted earnings before interest and taxes.

David Welch | Bloomberg News
October 21, 2015
Business

Railcar Orders' Biggest Drop Since 1980s Hints at Slump in Industrial Production

North American railcar orders plummeted the most in at least 27 years as railroads shipped less oil and sand used for drilling, adding to concern over a U.S. industrial production slowdown.

Yasufumi Saito | Bloomberg News
October 21, 2015
Special Coverage, Business

UPS’ Thomas Takes Reins From Long as ATA Chairman, Calls on Congress to Pass Highway Bill

PHILADELPHIA — For his first act as the new chairman of American Trucking Associations, Pat Thomas urged Congress to pass a multiyear highway bill that would address the industry’s safety and infrastructure funding concerns.

Eugene Mulero | Senior Reporter
October 20, 2015
Special Coverage, Business

Exclusive: Graves to Depart as ATA President at End of 2016

PHILADELPHIA — Bill Graves, president of American Trucking Associations, has informed the federation that he will step down at the end of 2016, when his current contract expires.

Neil Abt | Editorial Director
October 20, 2015