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, Fuel

Los Angeles Gasoline Rises to 17-Month High Following Blast

Wholesale gasoline in Los Angeles surged to the highest level in more than a year after an explosion at an Exxon Mobil Corp. oil refinery in Southern California.

February 19, 2015

Infographic: Ryder’s Foundation for a Successful Freight Brokerage

Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.

Business

South Carolina Container Volume Passes 1 Million Mark

Container volume in South Carolina increased to 1.07 million 20-foot equivalent units fiscal year to date.

February 19, 2015
Government, Business, Safety

FMCSA Extends Comment Period on Crash Weighting

The Federal Motor Carrier Safety Administration said it will accept comments for an additional month on its crash-weighting analysis published in January.

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

Toll Holdings Agrees to Buyout by Japan Post

Toll Holdings Ltd., a transportation and logistics firm based in Australia and a major freight forwarder in the United States and Canada, said it has agreed to a buyout by Japan Post.

February 19, 2015
Business

Leading Indicators Rise at Slower Pace as Factory Orders, Building Permits Decline

The index of U.S. leading indicators rose at a slower pace in January, restrained by declines in building permits and factory orders that signal a slower pace of growth.

Nina Glinski | Bloomberg News
February 19, 2015
Business

Jobless Claims Decline, as Labor Market Makes Progress

Fewer Americans than forecast filed applications for unemployment benefits last week, showing the labor market is making progress.

Shobhana Chandra | Bloomberg News
February 19, 2015
Business, Logistics

Intermodal Rail Traffic Declines for Second Consecutive Week

U.S. rail intermodal traffic fell for the second straight week, declining 0.1% in the week ended Feb. 14 compared with the same week last year, the Association of American Railroads reported.

February 19, 2015
Business, Logistics

XPO Narrows Loss, Boosts Revenue, Sets Targets

XPO Logistics Inc. narrowed its fourth-quarter loss to $9.9 million, excluding a charge related to an equity offering, while continuing its path of rapid revenue growth.

February 18, 2015
Business

Jana Jarvis Selected as President of Oregon Trucking Associations

Jana Jarvis is the new president of the Oregon Trucking Associations, the Portland-based group announced Feb. 18.

Jonathan S. Reiskin | Associate News Editor
February 18, 2015
Special Coverage, Business

Stemco Sees $30 Million Rear Trailer-Drag Market

NASHVILLE, Tenn. — A Stemco executive said here that the company’s recently announced acquisition of ATDynamics was a good fit for the company.

Michael G. Malloy | Web Editor
February 18, 2015