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.
Productivity Rises in Second Quarter, Following Biggest Drop in 30 Years
The productivity of U.S. workers rose more than projected in the second quarter, rebounding from the biggest drop in more than three decades and helping to restrain labor costs.
August 8, 2014Peterbilt Offers Lighter Aluminum Wheels as Factory-Installed Option
Peterbilt Motors Co. is offering Alcoa Ultra aluminum wheels with a lower weight as a factory-installed option for all of its heavy-duty trucks.
August 8, 2014Beckham to Resign From Posts at USA Truck on Sept. 30
Truckload carrier USA Truck said Cliff Beckham, the company’s former CEO and now executive vice president and chief financial officer, will resign Sept. 30 “to pursue new career opportunities.”
August 7, 2014DOT Announces $333.9 Mln. in Emergency Relief to Fix Roadways
Nearly two dozen states will split $333.9 million to fix roadways damaged by severe storms and other weather-related events, the Department of Transportation announced this week.
Federal Judge Dismisses ATA Class-Action Toll Revenue Lawsuit
A federal judge in New York on Aug. 6 dismissed a class-action lawsuit filed last year by American Trucking Associations alleging that the New York State Thruway Authority is improperly spending more than a billion dollars in toll revenue on maintenance and improvements on the state’s mostly recreational canal system.
XRS Fiscal Third-Quarter Income Drops to $80,000
XRS Corp. reported its net income declined in its fiscal third quarter, and revenue declined.
August 7, 2014Celadon’s Fiscal Fourth-Quarter Profit Rises
Celadon Group Inc. reported its fiscal fourth-quarter net income rose on strong freight volumes and an increased average seated tractor count.
August 7, 2014Quality Reports 2Q Profit
Quality Distribution Inc. reported a second-quarter profit after a loss a year ago stemming from a charge at its logistics segment.
August 7, 2014Jobless Claims Fall as Average at Eight-Year Low
Fewer Americans filed applications for unemployment benefits last week, sending the average over the past month to an eight-year low, a sign the labor market continues to gain momentum.
August 7, 2014Foxx: TIGER Grants to Be Announced in September
Winners of the next round of the Department of Transportation’s infrastructure grants will be announced in mid-September, Transportation Secretary Anthony Foxx said Aug. 6.