Business
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.
DTNA Sued for $9.5 Million in Discrimination Complaint
Two current and two former African-American employees of Daimler Trucks North America have filed a $9.5 million suit against the truck maker, saying they suffered job discrimination, threats of violence and harassment.
Inhofe: EPW Focused on Highway Bill Reauthorization, Not Extension
WASHINGTON — A Senate transportation panel will unveil a multiyear highway bill before there is a need to approve a short-term extension of funding authority for highway programs, which expires in late spring, the panel’s chairman told Transport Topics on Feb. 25.
Great Dane Promotes Chris Hammond to Executive VP of Sales
Great Dane Trailers announced that it has promoted Chris Hammond to executive vice president of sales.
New Home Sales Rise in January
New homes in the U.S. sold at a faster pace than forecast in January, a sign of stabilization in the housing industry.
Mileage Tax Builds Momentum as Alternative to Gas Tax
WASHINGTON — It is only a matter of time before the gas tax will have to be phased out and replaced with a tax on miles traveled to support the nation’s roads, said a room full of transportation policy officials and their congressional allies who met here Feb. 24.
Rep. Jeff Denham: ‘Get Creative on Multiple Solutions’ to Fund Highway Bill
WASHINGTON — A multiyear highway bill would need to include outside-the-box funding proposals for a broad coalition in Congress to support it this year, Rep. Jeff Denham (R-Calif.), a top transportation authorizer in the House, said Feb. 24.
ATA: Tonnage Sets Another Record, up 6.6% Year-over-Year
Truck tonnage set still another record in January, rising 6.6% on a year-over-year basis from the weather-affected month of 2014, American Trucking Associations reported.
February 24, 2015FedEx Partners With Con Edison for Electric Vehicle Research
FedEx Corp. worked with Con Edison in New York City in an experiment to reduce the cost of charging electric vehicles using smart grid technology at its charging stations.
February 24, 2015Expeditors Raises Earnings 19% as Shipments, Margins Grow
Expeditors International of Washington Inc. raised fourth-quarter net income 19% to $99.4 million, or 51 cents per share, as ocean and air freight shipments, and profit margins improved.
February 24, 2015Confidence Among Consumers Falls as Elation Over Lower Fuel Prices Wanes
Consumer confidence fell more than forecast in February as the initial elation over a drop in fuel prices waned and Americans grew less optimistic about prospects for employment and income.
February 24, 2015