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, Safety, Autonomous

FMCSA Should Shift Focus to Crash Causes, Industry Exec Tells Senators

 The general counsel for one of the nation’s largest trucking companies told a Senate panel that to reinforce the recent reduction in truck crashes the federal government must redirect its safety efforts to address the primary causes.

Michele Fuetsch | Staff Reporter
January 29, 2015

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Government, Business

Trucks, Pipeline Carry More Nafta Freight in November

U.S. trade with Canada and Mexico totaled $96.3 billion in November as two transportation modes — truck and pipeline — carried more freight than in November 2013, the Department of Transportation reported Jan. 29.

Eric Miller | Senior Reporter
January 29, 2015
Business, Safety, Fuel, Government

Kentucky, Ohio Governors Trying to Jump-Start Bridge Project

Kentucky Gov. Steve Beshear (D) and Ohio Gov. John Kasich (R) have directed their transportation departments to devise what they call “a cost-saving plan that limits tolls” but moves forward with rebuilding the Brent Spence Bridge linking the states.

Michele Fuetsch | Staff Reporter
January 29, 2015
Business, Fuel

Electric Truck Sales Expected to Reach 160,000 Annually by 2023, Report Says

Sales of commercial trucks and buses that use electric drive technology are expected to grow to 160,000 annually by 2023, according to a new report by Navigant Research.

January 29, 2015
Business

Pending Sales of Existing Homes Drop by Most in a Year

Contracts to purchase previously owned U.S. homes fell in December by the most in a year, a sign the industry’s recovery remains uneven.

Shobhana Chandra | Bloomberg News
January 29, 2015
Business

Jobless Claims Drop to 15-Year Low

The fewest Americans in almost 15 years filed applications for unemployment benefits during a holiday-shortened week that typically makes the data more volatile.

Michelle Jamrisko | Bloomberg News
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Nina Glinski | Bloomberg News
January 29, 2015
Business

Jan. 28 Earnings Roundup: Swift, Knight, Marten, Celadon, Canadian National Railway

Four of the nation’s largest truckload fleets, including Swift Transportation Co. and Knight Transportation Inc., announced sharply higher quarterly earnings tied to factors such as higher rates and fleet growth.

January 28, 2015
Business

I-95 Open Now in All States Hit by Massive Snowstorm

Interstate 95, the freight artery through the states slammed hardest this week by record snowfall, is open now to all traffic at all points, with Massachusetts and Rhode Island the last states to lift their travel bans.

Michele Fuetsch | Staff Reporter
January 28, 2015
Business, Safety, Autonomous

Driver Turnover Continues at Elevated Levels, ATA Says

Driver turnover remained at elevated levels for truckload fleets of all sizes, inching up one percentage point to 97% at larger carriers and remaining at 94% at smaller fleets, American Trucking Associations reported.

January 28, 2015
Business

Meritor Forms Repair Shop Network, Posts 1Q Gain in Net Income

LAS VEGAS — Meritor Inc. said it’s creating a new network of approved repair shops with independent service garages.

Neil Abt | Editorial Director
January 28, 2015