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.
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.
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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.
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.
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, 2015Pending 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.
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.
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, 2015I-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.
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, 2015Meritor 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.