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

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
Business

Cass Truckload Linehaul Index Rises 3.6% in July

The Cass Truckload Linehaul Index, a measurement of changes in base linehaul rates, rose 3.6% year-over-year in July, according to Cass Information Systems.

August 19, 2015
Business

Spot Load Availability Increases; Rates Fall

Van and reefer load availability increased for the third consecutive week, but so did the availability of equipment, DAT Solutions reported. The availability contributed to lower national average spot market rates for van, refrigerated and flatbed loads.

August 19, 2015
Business

Volvo’s North American Deliveries Rise 1% in July

Volvo Group’s North American truck deliveries rose 1% in July from the same month last year, the company reported Aug. 20.

August 19, 2015
Business, Government

Vital I-65 Indiana Trucking Corridor Closed Till Mid-September

The Indiana Department of Transportation estimates it will be mid-September before a 50-mile northbound section of I-65 between Lebanon and Lafayette, Indiana, is reopened.

August 18, 2015
Government, Business

One-Third of States Have Taken Their Own Highway Funding Action, Analysis Shows

A state-by-state analysis conducted by The Associated Press shows that nearly one-third have approved their own measures this year to raise funds for highway and bridge work while federal funding remains uncertain. 

August 18, 2015
Business, Logistics

UPS Completes $1.8 Billion Coyote Logistics Acquisition

UPS Inc. announced it has completed the $1.8 billion purchase of third-party provider Coyote Logistics to expand the package carrier’s presence in the domestic brokerage market.

August 18, 2015
Business, Government, Safety, Autonomous

Jet Express' Kevin Burch Leads Coalition Opposing Marijuana Legalization in Ohio

Ohioans will be voting in November on whether to legalize marijuana in their state, and several coalitions are rallying to oppose the amendment, including representatives from trucking.

August 18, 2015