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, Safety, Autonomous

US Trucking Revenue Sets Record in 2014, Surpasses $700 Billion, ATA Report Says

Trucking industry revenue set a record last year, reaching $700.4 billion, American Trucking Associations reported.

May 18, 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, Safety, Government

Bankruptcy Trustee Sues Carriers, Seeks Millions in Past Payments

The trustee for TransVantage Solutions Inc., a bankrupt freight bill payment firm, is suing more than 500 truckers and other transport companies in a bid to recoup hundreds of millions of dollars by claiming payments made over several years were improper.

May 18, 2015
Business, Safety

Intermodal Gains Accelerate; Tops All Freight Over 4 Weeks

Truck-rail freight shipments reached a milestone in recent weeks by exceeding all other combined U.S. rail shipments for the first time, driven by such factors as a recent surge in international cargo, industry officials said.

May 18, 2015
Business, Fuel

Diesel Average Rises 2.4¢ to $2.878; Price Has Climbed 12.4¢ in Past Month

Diesel’s national average price rose for the fourth straight week, climbing 2.4 cents to $2.878 a gallon, the Department of Energy reported May 11.

May 18, 2015
Government, Business

Panel OKs Road Fund Bill That Includes HOS Provision

WASHINGTON — The House Appropriations Committee on May 13 voted to send a fiscal 2016 transportation funding bill to the House floor after defeating an attempt by Democrats to remove a provision that would add new requirements to a study on an hours-of-service rule for truckers.

May 18, 2015
Business, Logistics

ConocoPhillips to Add 300 Propane-Powered Trucks to Oil and Gas Fleet

ConocoPhillips said it plans to add more than 300 propane-powered trucks to its oil and gas fleet during the next five years.

May 15, 2015
Business

Isuzu Delivers 500,000th Truck in North America

Isuzu Commercial Truck of America Inc., a distributor of low-cab-forward medium-duty trucks, said it recently delivered its 500,000th truck since the Isuzu brand entered the North American market in 1984.

May 15, 2015
Business, Logistics

SCI Logistics Opens Health-Care Distribution Facility in Toronto Area

SCI Logistics said it has opened a new facility in the Toronto area to provide supply-chain services for the health-care industry.

May 15, 2015
Business

Watkins & Shepard, Bay & Bay Boost Driver Pay

Two truckload carriers announced they are boosting their drivers’ pay.

Michael G. Malloy | Web Editor
May 15, 2015
Business

Lower Fuel Prices Expected to Push Memorial Day Travel to 10-Year High

U.S. travel over the May 25 Memorial Day weekend is poised to reach a 10-year high as Americans with more money in their pockets are lured onto the roads by lower prices at the pump.

May 15, 2015