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

Western Express Settles Lawsuit with Pilot Flying J

Truckload carrier Western Express has reached an out-of-court settlement of its $75 million rebate-fraud lawsuit filed last year against Pilot Flying J, Pilot’s attorney confirmed.

Eric Miller | Senior Reporter
January 9, 2014
Business, Safety, Government

DOT Freight Transportation Index Rises to Record Level

The Department of Transportation’s freight transportation services index rose to record high in November, DOT said Jan. 9.

January 9, 2014
Business, Safety

Jobless Claims Decline by 15,000 to Lowest Level in a Month

The number of Americans filing for jobless benefits fell to the lowest level in a month for the week ended Jan. 4, the Labor Department reported.

January 9, 2014
Business

ATA Pushes Legislative Agenda for Safety, Highway Funding

American Trucking Associations is calling on Congress and federal policymakers to act on a list of issues in 2014 that ATA said would improve the nation’s economy and make highways safer.

Michele Fuetsch | Staff Reporter
January 8, 2014
Business

Consumer Credit Rises in November

Consumer credit increased in November, led by a rise in student and auto loans, the Federal Reserve reported Jan. 8.

January 8, 2014
Government, Business, Safety

Thruway Reopens in Western N.Y. as Temperatures Increase

Officials reopened a section of the New York State Thruway early Jan. 8 after closing it two days before because of snow and extreme cold.

January 8, 2014
Business

LaHood Named Co-Chairman of Building America’s Future

Former U.S. Transportation Secretary Ray LaHood has been named a co-chairman of Building America’s Future, the group announced.

January 8, 2014
Business, Government, Autonomous

Cass Freight Index Declines in December

The Cass Freight Index, which measures shipment activity in trucking and other transport modes, declined 3.2% in December from a year ago. Expenditures increased 1% from 2012.

January 8, 2014
Business, Fuel

Diesel to Slide to $3.81 This Year, DOE Says

Diesel’s retail price will decline to $3.81 a gallon this year — 11 cents below last year’s average but 4 cents over last month’s projection, the Department of Energy reported.

Michael G. Malloy | Web Editor
January 8, 2014
Business

Company Payrolls Rise by Most Since November 2012

U.S. companies boosted payrolls by the most since November 2012, according to a private report released Jan. 8.

January 8, 2014