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, Technology

Truck Platooning System Tested in Nevada

A system designed to platoon or connect trucks wirelessly to each other to reduce fuel consumption was tested in Nevada in front of state transportation officials, according to the Nevada Department of Motor Vehicles.

June 6, 2014
Government, Business

Panel Adopts HOS Amendment, Advances Transportation Bill to Full Senate

Senate appropriators today adopted an amendment to suspend some provisions of the 'hours-of-service' rules for one year while a DOT study is conducted.

Eugene Mulero | Senior Reporter
June 5, 2014
Business

May Cass Report Hits Three-Year Record

The May Cass Freight Index Report showed a 3.6% rise in shipments over the same month of last year and reached the highest level since May 2011, indicating continued strength in cargo markets.

June 5, 2014
Business

Navistar’s 2Q Loss Declines; Revenue Improves

Navistar International Corp. announced June 5 that its fiscal second-quarter loss narrowed from a year ago as its Class 8 truck orders and market share improved.

Michael G. Malloy | Web Editor
June 5, 2014
Business

UTi Worldwide Loss Rises to $43.2 Million

UTi Worldwide Inc. reported its first-quarter fiscal loss increased to $43.2 million, or 43 cents per share, from $12.4 million, or 12 cents per share, the prior year.

June 5, 2014
Government, Business

Commerce Infrastructure Grants Program Backed By Federal Lawmakers

WASHINGTON — An infrastructure grants program designed to assist communities struggling with high unemployment improve their freight connectivity was backed by a Senate funding committee June 5, following approval by the Republican-led House in May which included it as part of a 2015 spending bill.

Eugene Mulero | Senior Reporter
June 5, 2014
Business

P.A.M. Transportation Services Appoints New Board Member

Franklin McLarty has been appointed to P.A.M. Transportation Services’ board of directors and will serve on its audit committee, the truckload carrier said.

June 5, 2014
Business

Jobless Claims Lowest Over Past Month Since 2007

Fewer Americans filed applications for unemployment benefits over the past month than at any time in seven years, a sign the labor market continues to strengthen.

June 5, 2014
Business

Roadcheck Safety Inspections Target Driver Logs, Hazmat Transport

Federal, state and local safety officials kicked off the annual Roadcheck event June 3 at FedEx Field in Landover, Maryland, with the goal of pulling in 17 trucks and buses per minute across North America for 30-step, Level 1 safety inspections.

Jonathan S. Reiskin | Associate News Editor
June 4, 2014
Government, Business

Economy Expands Moderately; Cargo Volume Rises After Harsh Winter, Fed Says

The economy continued to expand moderately from early April to late May in most of the country with cargo volume and shipments increasing after a difficult winter, the Federal Reserve said.

June 4, 2014