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

Trucking Adds 8,600 Jobs in May; US Payrolls Rise by 280,000

Trucking added 8,600 jobs in May, up substantially from April, and U.S. employers added 280,000 workers to payrolls, the Labor Department reported June 5.

Michael G. Malloy | Web Editor
June 5, 2015

TT Podcasts: RoadSigns

Check out Transport Topics' updated Top 100 list of the largest logistics companies in North America, and explore how the industry's top players have adapted to a tough freight market and are preparing for the future.

Business

UTi Worldwide Narrows Fiscal-Quarter Loss

UTi Worldwide Inc. narrowed its loss for the fiscal 2016 first quarter to $35.4 million, or 35 cents per share, from the prior year period loss of $43.4 million that included one-time debt reduction costs.

June 5, 2015
Business

Scania to Test Overhead Line-Powered Trucks in Real-World Conditions

Scania said it will begin testing electric trucks powered by overhead lines in real-world conditions starting next February.

June 5, 2015
Business

Josh Owen, Leader in Trucking, Dies; President of Ability Tri-Modal Was 43

Josh Owen, the president of Ability-Tri-Modal Transportation Services, died June 1 in his sleep. He was 43.

June 4, 2015
Government, Business

House Vote on Transportation Funding Expected June 9

Republican leaders of the U.S. House announced that final consideration of a fiscal 2016 transportation funding bill likely will occur June 9.

June 4, 2015
Business

ATA Seeks Mike Russell Trucking Industry Image Award Nominations

American Trucking Associations is seeking nominations for its annual Mike Russell Trucking Industry Award.

June 4, 2015
Business

28th Annual Roadcheck Emphasizes Load Securement

Commercial vehicle safety inspectors in the United States, Canada and Mexico pulled over trucks and buses in large numbers for safety inspections as part of North America’s 28th annual Roadcheck event.

Jonathan S. Reiskin | Associate News Editor
June 4, 2015
Business

Volvo Sells Remaining Stake in India’s Eicher Motors

Volvo Group said June 4 it sold its remaining holdings in the Indian automotive and truck manufacturer Eicher Motors Ltd.

Michael G. Malloy | Web Editor
June 4, 2015
Business, Logistics

Intermodal Rail Traffic Surpasses Carloads for First Month on Record

U.S. rail intermodal traffic surpassed carload volume in May for the first month on record, the Association of American Railroads reported.

June 4, 2015
Business

SAF-Holland Rolls Out Trailer Suspension-Axle Combo

Suspension and fifth-wheel manufacturer SAF-Holland introduced its ULX40 UltraLite trailer suspension-axle combination June 3

June 4, 2015