Business
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.
Canal Insurance Partners with Lytx to Offer DriveCam
Trucking insurance provider Canal Insurance Co. is partnering with Lytx Inc. to offer its customers video-based driver safety programs at preferred pricing, the firms announced in a joint statement.
April 17, 2015Sec. Anthony Foxx: ‘More States Pulling Back Because of the Federal Funding Uncertainty’
WASHINGTON — Days after Senate transportation leaders said they would take up a long-term highway bill, Transportation Secretary Anthony Foxx reminded a group here that many states would be forced to scale back projects if Congress does not advance such a plan before a May deadline.
Volvo Financial Services Appoints Marcio Pedroso President of Americas Region
Volvo Financial Services appointed Marcio Pedroso president of its Americas region, succeeding Leo Hawkes, who retired after 13 years with VFS, the company announced April 16.
Scania to Provide Engines for Some Oshkosh Trucks
European truck and engine maker Scania has entered into a partnership with U.S.-based specialty truck maker Oshkosh Corp., in which Scania will deliver low-emission engines for airport product vehicles produced by Oshkosh.
April 17, 2015FMCSA, NHTSA Delay Safety Fitness, Speed Limiter Proposed Rules
The Federal Motor Carrier Safety Administration is delaying publication of its proposed safety fitness-determination rule by another month, until Aug. 17, the agency said in its April significant rulemakings report.
UTi Appoints Ditlev Blicher, Hessel Verhage to Lead Freight Forwarding Business
UTi Worldwide Inc. has appointed Ditlev Blicher and Hessel Verhage as co-presidents of the company’s global freight forwarding business.
April 17, 2015Consumer Sentiment Climbs to Second-Highest Level Since 2007
Consumer confidence improved in April to the second-highest level in more than eight years as Americans held more favorable views of the economic outlook and inflation.
April 17, 2015Gain in Core Consumer Prices Signals Inflation Picking Up
The cost of living in the United States, excluding food and fuel, rose 0.2% in March for a third month, signaling inflation is starting to firm.
April 17, 2015Leading Indicators Rise Less Than Forecast in March
The index of U.S. leading economic indicators rose less than forecast in March, indicating the world’s largest economy will have difficulty gaining traction after a first-quarter slowdown.
April 17, 2015Xtra Lease to Add 9,000 New Trailers This Year
Xtra Lease has ordered about 9,000 new trailers to add to its lease and rental fleet this year.
April 16, 2015