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, Technology

McLeod Reports 65% Sales Growth in 2014

McLeod Software Inc. said its 2014 sales revenue jumped 65% from the previous year to a record level for the company. 

January 22, 2015
Government, Business, Safety

DeFazio Blasts DOT Over Failure to Finalize Tank Car Rule, Calls for PHMSA Audit

Rep. Peter DeFazio (Ore.), ranking Democrat on the House Transportation and Infrastructure Committee, blasted the Department of Transportation for what he called repeated failures to address “longstanding and undisputed” pipeline and hazardous materials safety issues, including oil train safety.

Michele Fuetsch | Staff Reporter
January 22, 2015
Government, Business, Fuel, Safety, Autonomous

House Transportation Leader: ‘Don’t Believe the Votes Are There’ For Gas Tax Increase

WASHINGTON — Rep. Bill Shuster (R-Pa.), chairman of the transportation policy committee in the House, said there is not enough congressional support to approve an increase of fuel taxes to pay for infrastructure projects vital to the trucking industry.

Eugene Mulero | Senior Reporter
January 22, 2015
Business

Jan. 22 Roundup: J.B. Hunt, Covenant Post Higher 4Q Earnings

J.B. Hunt Transport Services and Covenant Transportation Group reported stronger fourth-quarter profits, providing a positive early look at quarterly financial results for large, publicly traded trucking companies.

January 22, 2015
Business

Penske Used Trucks Doubles Dealer Locations

Penske Used Trucks said it has doubled its commercial truck dealerships in North America with new locations in Dallas; Conyers, Georgia, in the metro Atlanta area; and in Mississauga, Ontario.

January 22, 2015
Business, Government

S.C. Port Container Volume Rises 12% in 2014

The South Carolina Ports Authority said container volume increased 12% in 2014 as it moves forward on a harbor-deepening project.

January 22, 2015
Business

Jobless Claims Decline by 10,000 for Week

Jobless claims decreased by 10,000 to 307,000 in the week ended Jan. 17, from a revised 317,000 in the prior period, a Labor Department report showed.

Nina Glinski | Bloomberg News
January 22, 2015
Government, Business, Fuel

DeFazio Names Ranking Dems For T&I Subcommittees

Rep. Peter DeFazio of Oregon, the ranking Democrat on the House Committee on Transportation and Infrastructure, has announced which T&I Democrats will be the ranking members on the subcommittees.

Michele Fuetsch | Staff Reporter
January 21, 2015
Business, Logistics

IANA Says Preliminary Totals Show 4.8% Intermodal Volume Increase

The Intermodal Association of North America said preliminary 2014 totals showed a record 16.3 million truck-rail shipments handled, a 4.8% increase over the previous mark set in 2013.

January 21, 2015
Business

FedEx Defeats Teamsters at Two W.Va. Terminals

FedEx Freight said drivers at West Virginia terminals in Charleston and Parkersburg rejected Teamsters representation, marking the union's latest defeats in the ongoing organizing battle.

January 21, 2015