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.
Western Star Unveils 5700XE
Sensing that its core customer group of small and medium-size fleets is now buying more trucks, Daimler’s Western Star unit launched a new highway tractor offering improved fuel efficiency while maintaining the brand’s classic styling. (See photos.)
Truckbase Business Overview, Features, Reviews 2024
Truckbase has emerged as the next-generation truck dispatch software leader with its suite of easy-to-use tools for truckload carriers.
XPO Says $700 Million Funding Will Speed Acquisitions
XPO Logistics Inc. said three investors have agreed to a $700 million infusion of equity that will enable the company to accelerate its revenue and profitability growth plans.
BNSF Union Members Reject 1-Person Train Crew Plan
A controversial BNSF Railway Co. labor contract proposal that would have cut some crews to one person from two has been rejected by workers who voted on the proposal, the union and the railroad confirmed.
September 12, 2014Covenant Forecasts Higher 3Q Earnings
Covenant Transportation Group Inc. said its third-quarter earnings per share will be triple what they were a year ago, excluding charges.
Transport Canada Sells Three Ports in Newfoundland
Canada’s transportation department, Transport Canada, said it has sold three ports in Newfoundland to local business groups.
September 12, 2014Consumer Sentiment Rises to Highest in 14 Months
American consumer confidence rose to the highest level in more than a year in September, as households’ views on the outlook for the economy brightened.
September 12, 2014DOT Awards $600 Million in TIGER Grants for Projects in 46 States
Transportation Secretary Anthony Foxx announced $600 million in grants for 72 transportation projects in 46 states, including several projects aimed at rehabilitating deteriorating infrastructure.
Nevada Hoping to Get I-15 Reopened This Weekend, But Not to All Trucks
Nevada officials said they hope to open one lane in each direction this weekend on Interstate 15, closed due to severe flood damage, but trucks still will be detoured.
Weekly Intermodal Traffic Rises 4.5%
U.S. rail intermodal traffic increased 4.5% in the week ended Sept. 6 compared with the same week last year, the Association of American Railroads reported.
September 12, 2014Import Prices Decline for Second Month in August
The price of imported goods dropped in August, after falling the prior month, the Labor Department reported Sept. 12.
September 12, 2014