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.

Government, Business

Colorado Governor Signs Protection Measure for Truckers

Colorado Gov. John Hickenlooper (D) has signed into law a measure that makes the state the 40th to protect truckers from contracts that force them to assume total liability for accidents whether they are at fault.

Michele Fuetsch | Staff Reporter
April 3, 2014

TT Podcasts: RoadSigns

Greg Hewitt of DHL Express considers whether the trucking industry is prepared for a greener future.

Business

US Trade Deficit Grows 7.7%

The U.S. trade deficit widened 7.7% in February to the highest level in five months as exports of fuels and capital equipment dropped, the Commerce Department reported April 3.

April 3, 2014
Business

UTi Worldwide Loss Narrows to $50.7 Million

UTi Worldwide Inc. reported its fourth-quarter loss narrowed to $50.7 million, or 48 cents per share, from $142.8 million, or $1.38 per share.

April 3, 2014
Business

Jobless Claims Rise 16,000 for Week

Initial jobless claims rose by 16,000 last week, the Labor Department reported April 3.

April 3, 2014
Government, Business, Safety

Trucking Exec Tells Congress Hazmat Changes Needed

Trucking executive William Downey told the House Transportation and Infrastructure Committee on April 2 that changes are needed to improve the safety and security of hazardous material shipments.

April 3, 2014
Business

Clean Energy Opens CNG Station at JFK International Airport

Clean Energy Fuels Corp. said it has opened a publically accessible compressed natural-gas station in a multifuel travel plaza at John F. Kennedy International Airport in New York.

April 3, 2014
Business

FTR Trucking Index Dips; Group Cites Tight Capacity

FTR’s Trucking Conditions Index fell in February, and adjusted for the severe weather the index would have been above a reading of 10, making it the tightest truck market on record, the group said April 2.

April 2, 2014
Government, Business

Ryan Budget Calls Highway Trust Fund a ‘Priority’; Would Allow States to Fund Highway Projects

Transfers to the federal Highway Trust Fund from the general fund would have to be offset by savings in accounts elsewhere in the budget, under a proposal offered by House Budget Chairman Paul Ryan (R-Wis.).

Eugene Mulero | Senior Reporter
April 2, 2014
Government, Business

Kentucky Legislators Vote Unanimously to Protect Truckers

Kentucky lawmakers have passed a bill that would protect truckers from having to assume all liability for accidents regardless of whether they are to blame.

Michele Fuetsch | Staff Reporter
April 2, 2014
Business

Volkswagen Agrees With Swedish Unions Over Scania Job Security

Volkswagen has agreed with Swedish labor unions to grant full job security to workers at Swedish truck maker Scania, which the German automotive group is seeking to acquire, Reuters reported April 2.

April 2, 2014