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

ADP Says Companies Added 212,000 Workers to Payrolls

Companies in the U.S. added more than 200,000 workers to payrolls in February, indicating the labor market remains on its strong trajectory, according to a private employment report.

Nina Glinski | Bloomberg News
March 4, 2015
Business

February Truck Orders Increase 7%

February Class 8 truck orders rose 7% from a year ago to 31,200, ACT Research Co. reported.

Michael G. Malloy | Web Editor
March 4, 2015
Government, Business, Safety

FMCSA's Scott Darling Says Term as Acting Administrator Ends March 23

Scott Darling revealed that his tenure as acting administrator of the Federal Motor Carrier Safety Administration will expire March 23 and that the White House is working on a permanent selection. Darling did not confirm if he was among the candidates.

Eric Miller | Senior Reporter
March 3, 2015
Government, Business, Safety

Anthony Foxx Announces New Pilot Program to Facilitate Hiring in City Neighborhoods

Transportation Secretary Anthony Foxx has proposed a new pilot program to explore ways to make it easier for states and cities to require that contractors on federally funded projects hire local workers and veterans.

Michele Fuetsch | Staff Reporter
March 3, 2015
Government, Business, Technology, Equipment

FMCSA Moves Up Projected Publication Date for Final ELD Rule

The Federal Motor Carrier Safety Administration has issued a supplemental report restoring Sept. 30 as the expected publication date of its final electronic logging device rule, moving it up from Nov. 9.  

Eric Miller | Senior Reporter
March 3, 2015
Business

CP Rail CEO Says Biggest Crude-by-Rail Fear Is Terrorism

Hunter Harrison, Canadian Pacific Railway’s chief executive officer, said his greatest fear in moving crude by rail is the prospect of a terrorist attack on the company’s trains.

Scott Deveau | Bloomberg News
March 3, 2015
Government, Business, Safety

GAO Says Federal Government Should Study State Permitting Processes to Find Best Practices

The U.S. Government Accountability Office has recommended that the Department of Transportation study states' permitting practices for oversize and overweight truckloads, then pinpoint the best practices and share them.

Michele Fuetsch | Staff Reporter
March 3, 2015
Business, Fuel

Diesel Price Rises for Fourth Week, Up 3.6¢ to $2.936; Gas Jumps 14.1¢

Diesel’s national average pump price rose for a fourth straight week, gaining 3.6 cents to $2.936 a gallon, while gasoline prices jumped more than 14 cents, the Department of Energy reported March 2.

Michael G. Malloy | Web Editor
March 3, 2015
Business

Navistar Cuts Fiscal 1Q Loss

Navistar International Corp. reduced losses in its fiscal first quarter as the company reported growth in vehicle sales and a continued reduction in warranty costs.

March 3, 2015
Business

CRST Buys Pegasus Transportation

CRST International Inc. announced the acquisition of Pegasus Transportation Inc. to continue the expansion of the buyer’s service offerings.

March 3, 2015