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, Logistics

Trailer Orders Gain 7.4% Year-Over-Year, ACT Reports

Trailer orders in July totaled 20,313 units, which continued to top the 2014 pace but trailed well behind a very strong June result, ACT Research reported.

August 20, 2015
Government, Business, Safety

Groups Press House Leaders to Reject Hair Testing Provision

Several transportation groups and key unions are calling on transportation leaders in the House to reject a provision in a multiyear highway bill that would allow the use of hair testing for commercial drivers.

Eugene Mulero | Senior Reporter
August 20, 2015
Business

John Correnti, Navistar Board Member and CEO of Big River Steel, Dies at 68

John Correnti, a longtime member of the Navistar board of directors and the CEO of Big River Steel, died Aug. 18. He was 68.

August 20, 2015
Business, Logistics

Rail Intermodal Volume Rises to Highest Level in 10 Weeks

Rail intermodal volume increased to the highest level in 10 weeks, according to a report by the Association of American Railroads.

August 20, 2015
Business

Consumer Comfort Steadies With Positive Outlook on Economy

Consumer confidence in the United States stabilized last week as more favorable views on the economy helped make up for a deterioration in attitudes about the buying climate.

Sho Chandra | Bloomberg News
August 20, 2015
Business

Existing Home Sales Rise to Highest Level Since February 2007

Purchases of previously owned U.S. homes unexpectedly rose in July to the highest level since February 2007, consistent with further strength in the housing market.

Sho Chandra | Bloomberg News
August 20, 2015
Business

Firings Still Subdued, Even as Jobless Claims Increase

The number of Americans filing for unemployment benefits last week remained historically low.

August 20, 2015
Business

ATA Unveils Website Dedicated to Hiring Veterans

American Trucking Associations has unveiled a hiring website as part of its commitment on behalf of the trucking industry to recruit 100,000 veterans over the next two years.

August 19, 2015
Business

Port of Virginia Sets Volume Record for July

Several major U.S. ports reported mostly higher cargo volumes in July compared with a year earlier, highlighted by a record month in Virginia and rising imports in California.

Seth Clevenger | Managing Editor, Features and Multimedia
August 19, 2015
Business

MercuryGate Countersues J.B. Hunt for $5 Million

MercuryGate International has countersued J.B. Hunt Transport Services Inc. for $5 million as part of a disagreement over the effectiveness of an information technology system MercuryGate sold the motor carrier to support its brokerage unit.

August 19, 2015