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.
Factory Orders Rise 1.1% in March
Factory orders increased 1.1% in March, the Commerce Department reported May 2.
May 2, 2014Best Carrier TMS Software in 2024: How to Choose
Transitioning from basic load board tools or spreadsheets to an advanced, integrated Transportation Management System (TMS) is a critical step for mid-sized truckload carriers aiming to scale effectively and sustain long-term competitiveness.
XPO Loss Widens; Revenue Jumps
XPO Logistics Inc. reported a first-quarter loss that nearly doubled from the same period last year, as revenue rose at the company.
Tornadoes Hit Trucking Facilities in South
Several trucking facilities across the South were damaged by this week’s tornadoes.
FMCSA Crash-Fault Study Due Soon
A long-awaited Federal Motor Carrier Safety Administration study looking at how federal regulators can assess fault for truck crashes on motor carrier Compliance, Safety, Accountability records has been completed, along with a peer review, and is expected to be released soon, a top agency official said.
Highway Congestion Cost Trucking $9.2 Billion Last Year, ATRI Says
Congestion on interstate highways cost the trucking industry more than $9.2 billion in operational costs last year, according to the American Transportation Research Institute.
YRC Worldwide’s 1Q Loss Widens
YRC Worldwide Inc. said May 1 its first-quarter loss nearly tripled due to factors such as winter weather and claims costs.
Foxx to Talk Transportation Funding at May 7 Senate Hearing
Transportation Secretary Anthony Foxx will make his first congressional appearance next week since unveiling a four-year, $302 billion transportation proposal this week, in an effort to press lawmakers to advance a transportation bill this year.
Con-way’s 1Q Profit Falls on Weather, Tax Costs
Con-way Inc. reported its first-quarter net income slipped as higher tax expense and winter-weather challenges reduced its earnings.
May 1, 2014Meritor Swings to 2Q Profit as Sales Rise
Meritor Inc. posted a profit for its fiscal second-quarter compared with a loss a year ago as sales rose, the company reported May 1.
May 1, 2014CSX Derailment Could Boost Crude Train Regulation
A CSX Corp. train derailment in Lynchburg, Virginia, on April 30 that sparked a fire when crude oil tanks ignited could increase pressure on regulators, railroads and tank-car owners to improve oil shipment safety.
May 1, 2014