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

Pending Sales of Existing Homes Drop by Most in a Year

Contracts to purchase previously owned U.S. homes fell in December by the most in a year, a sign the industry’s recovery remains uneven.

Shobhana Chandra | Bloomberg News
January 29, 2015

Best Trucking Accounting Software 2024

If you’re simply looking for a bookkeeping tool, you can stop reading here, and look no further than QuickBooks. If you’re embracing the notion that trucking accounting goes far beyond that, or want to have a more expansive trucking accounting system of which QuickBooks is a key part, then read on.

Business

Jobless Claims Drop to 15-Year Low

The fewest Americans in almost 15 years filed applications for unemployment benefits during a holiday-shortened week that typically makes the data more volatile.

Michelle Jamrisko | Bloomberg News
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Nina Glinski | Bloomberg News
January 29, 2015
Business

Jan. 28 Earnings Roundup: Swift, Knight, Marten, Celadon, Canadian National Railway

Four of the nation’s largest truckload fleets, including Swift Transportation Co. and Knight Transportation Inc., announced sharply higher quarterly earnings tied to factors such as higher rates and fleet growth.

January 28, 2015
Business

I-95 Open Now in All States Hit by Massive Snowstorm

Interstate 95, the freight artery through the states slammed hardest this week by record snowfall, is open now to all traffic at all points, with Massachusetts and Rhode Island the last states to lift their travel bans.

Michele Fuetsch | Staff Reporter
January 28, 2015
Business, Safety, Autonomous

Driver Turnover Continues at Elevated Levels, ATA Says

Driver turnover remained at elevated levels for truckload fleets of all sizes, inching up one percentage point to 97% at larger carriers and remaining at 94% at smaller fleets, American Trucking Associations reported.

January 28, 2015
Business

Meritor Forms Repair Shop Network, Posts 1Q Gain in Net Income

LAS VEGAS — Meritor Inc. said it’s creating a new network of approved repair shops with independent service garages.

Neil Abt | Editorial Director
January 28, 2015
Business, Logistics

Weekly Intermodal Rail Traffic Rises, Following First Decline in 11 Months

U.S. rail intermodal traffic increased for the week ended Jan. 24, after the first decline in 11 months, the Association of American Railroads reported.

January 28, 2015
Business

Ryder’s Natural-Gas Truck Fleet Surpasses 30 Million Miles

Ryder System Inc. has announced that its fleet of natural-gas vehicles has surpassed 30 million miles.

January 28, 2015
Business

Fiat Chrysler Quarterly Profit Rises on Ram, Jeep Demand

Fiat Chrysler Automobiles reported profit that missed analysts’ estimates as costs for recalling faulty vehicles blunted the benefits from a stronger dollar and sales of Ram pickups and Jeep SUVs in the U.S.

Mark Clothier | Bloomberg News
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Tommaso Ebhardt | Bloomberg News
January 28, 2015
Business

SAF-Holland Unveils Aftermarket Parts Electronic Catalog

LAS VEGAS — SAF-Holland, a manufacturer whose products include suspensions and fifth wheels, introduced its aftermarket parts on demand electronic catalog.

Neil Abt | Editorial Director
January 28, 2015