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

TransForce Bids for Vitran’s Canadian Operations

Canadian transportation firm TransForce Inc. said it has offered to buy the Canadian operations of Vitran Corp., which is planning to sell its United States business to company owned by trucking magnate Matthew Moroun.

September 26, 2013

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Business

ATRI Launches Carrier Survey on HOS Rule

The American Transportation Research Institute is soliciting input from trucking companies on the effects of the latest changes to the federal government’s hours-of-service rule for truck drivers.

September 26, 2013
Business

Jobless Claims Falls by 5,000 For Week

Initial jobless claims declined by 5,000 last week, the Labor Department reported Sept. 26.

September 26, 2013
Business, Autonomous

Carriers Predict Increases in Volumes, Rates, TCP Says

Most trucking officials are optimistic that freight volumes will grow and companies will be able to increase their rates, consulting firm Transport Capital Partners said.

September 25, 2013
Business

Mack Names Stephen Roy Top Executive

Mack Trucks Inc. promoted Stephen Roy to president of its North American sales and marketing, effective in January.

September 25, 2013
Business, Equipment

Goodyear Opens Highway Hero Award Nominations

Goodyear Tire & Rubber Co. has started accepting nominations for its award that honors truck drivers who have taken risks to help other motorists.

September 25, 2013
Business

Smithfield Shareholders Approve Sale to Chinese Firm

Shareholders of pork producer Smithfield Foods Inc. voted Sept. 24 to approve the company’s sale to Shuanghui International Holdings, the largest acquisition of an American company by a Chinese business, Bloomberg News reported.

September 25, 2013
Business

Volvo Opens Medical Center at Maryland Facility

Volvo Group said it opened a medical center at its Hagerstown, Md., powertrain facility for employees and their dependents.

September 25, 2013
Business

New Home Sales Rise 7.9% in August

New home sales rose 7.9% in August, the Commerce Department reported Sept. 25.

September 25, 2013
Business

Durable Goods Orders Climb 0.1% in August

Durable goods orders increased 0.1% in August, the Commerce Department said Sept. 25.

September 25, 2013