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

Jobless Claims Hold Near Six-Week Low

The number of Americans filing for jobless benefits held near a six-week low, the Labor Department reported Jan. 23.

January 23, 2014
Business

DTNA’s Mark Lampert to Retire

Mark Lampert, Daimler Trucks North America’s senior vice president of sales and marketing, will retire at the end of March, the company said.

January 22, 2014
Business

Teamster Workers to Vote on New YRC Contract Plan

Teamsters union members at YRC Worldwide Inc. will vote Jan. 25 and 26 on a revised contract extension proposal, which is on a fast track as the first $69 million of debt repayment looms in about three weeks.

Rip Watson | Special to Transport Topics
January 22, 2014
Business

ATA Tonnage Index Rises 8.2% in Dec., Hits Another Record

American Trucking Associations said its tonnage index rose 8.2% last month, reaching another record, capping the strongest year since 1998 and reflecting increasing strength across broad economic sectors.

Rip Watson | Special to Transport Topics
January 22, 2014
Business

Mack Offers Air Disc Brakes on Vocational Trucks

Mack Trucks Inc. said it is offering optional EX+ air disc brakes from Meritor Inc. on its vocational trucks.

January 22, 2014
Business, Fuel, Government

Diesel Price Declines to $3.873; Gasoline Also Falls

Diesel and gasoline both fell for a second straight week, with diesel declining 1.3 cents to $3.873 a gallon, the Department of Energy reported.

Michael G. Malloy | Web Editor
January 22, 2014
Business, Government, Safety

Marten Reports Record Earnings in 2013

Truckload carrier Marten Transport reported 2013 was the best financial year in its history, but fourth-quarter income declined.

January 22, 2014
Business

Norfolk Southern Fourth-Quarter Profit Rises

Norfolk Southern Corp. said its fourth-quarter profit increased 24%, and income from railway operations rose 23% to $881 million.

January 22, 2014
Business

Despite Cost Disputes, Panama Canal Expansion to Move Forward, Authorities Say

ATLANTA — The Panama Canal expansion is expected to move forward on schedule despite an ongoing dispute with contractors over the project’s cost, an administrator for the Panama Canal Authority told an audience of transportation executives here last week.

Seth Clevenger | Managing Editor, Features and Multimedia
January 22, 2014
Business, Logistics

Odyssey Logistics & Technology Acquires Two Firms

Odyssey Logistics & Technology Corp. said it has acquired CMI Freight-Trans and Steel Wheel Transfer. Terms were not disclosed.

January 22, 2014