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.

Editorial, Business

Editorial: Setback in Michigan

Even with Interstate 94 potholes the size of Big Ten linebackers, Michigan voters declared decisively they do not want to endure an increase in the sales tax to pay for much-needed repairs to battered roads and bridges.

May 11, 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

TT Archives: Freightliner's New Tractor

In 1995 Freightliner introduced its Century Class tractor during the American Trucking Associations annual conference.

May 11, 2015
Business

‘Fascinating,’ Con-way CEO Stotlar Says of Freightliner’s Autonomous Truck Event

LAS VEGAS — Doug Stotlar, CEO of Con-way Inc., said Freightliner’s launch of the autonomous-driving Inspiration truck was “fascinating.”

May 11, 2015
Business

April Truck Orders Drop 10% to Lowest Level in 18 Months

Truck orders slipped 10% last month from the same period a year ago on a preliminary basis to the lowest level in 18 months, as Class 8 buying trends return to typical seasonal patterns.

May 11, 2015
Business

Cummins Increases Investment in Natural Gas With Fuel System, New Medium-Duty Engine

DALLAS — Moving ahead with natural-gas applications despite the past year’s drop in diesel prices, engine maker Cummins Inc. announced a pair of investments in the alternative fuel at the annual Alternative Clean Transportation Expo here.

May 11, 2015
Business, Government

Supreme Court Won’t Hear Trucking’s Appeal of California’s Meal-Break Requirement

The U.S. Supreme Court has declined to hear appeals by two trucking companies that mounted challenges to a California law requiring employers to provide meal breaks to workers.

May 11, 2015
Business

Equity Firm to Buy Quality Distribution In Proposed $800 Million Tank-Truck Deal

Tank carrier Quality Distribution Inc. has agreed to be acquired for about $800 million by private equity firm Apax Partners, amplifying the recent acceleration of mergers in the transport sector.

May 11, 2015
Fuel, Business, Technology

OEMs Expand Their Presence in Telematics, Will Work With Tech Vendors, DTNA Says

PRINCETON, N.J. — Original equipment manufacturers will play a larger role in the telematics market in the years ahead, but their efforts will complement the services already provided by third-party technology suppliers rather than replacing them, an OEM’s telematics director told trucking technology professionals here.

May 11, 2015
Business, Government, Safety

Mich. Voters Reject Sales-Tax Hike Central to Transportation Package

Michigan voters last week overwhelmingly defeated a ballot measure that would have raised the state sales tax to 7% from 6% as the key element in a sweeping transportation funding plan that now is dead. 

May 11, 2015
Business, Government

Congress Criticizes Itself Over Lack of Highway Fix

WASHINGTON — Frustration among members from both sides of the aisle is intensifying with GOP leaders who have yet to unveil a funding patch for highway programs as a May 31 deadline fast approaches.

May 11, 2015