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.
Appeals Court Backs Kansas Ruling That FedEx Ground Drivers Are Employees
In the latest of a series of recent worker-status rulings, a federal appeals court upheld a Kansas Supreme Court decision last year that classified about 500 FedEx Ground drivers as employees rather than independent contractors under that state’s law.
Truck Driver Turnover Declines 12 Percentage Points
Truck driver turnover rates fell to a four-year low in the first quarter among larger fleets and declined 12 percentage points at larger and smaller fleets alike, American Trucking Associations reported.
Marten Second-Quarter Net Income Rises 6%
Marten Transport Ltd., a refrigerated carrier, raised second-quarter net income more than 6% to $8.4 million, or 25 cents per share, driven by continued growth in dedicated freight business.
House Republicans Propose Short-Term Fix for Highway Fund; Vote Likely July 15
House Republican leaders on July 13 introduced legislation that would authorize $8 billion in funding for highways through mid-December.
Navistar Is Third OEM to Skip MATS in 2016
Navistar Inc. said it will not attend the 2016 Mid-America Trucking Show, making it the third major truck manufacturer to pull out of the event.
Retail Sales Decline 0.3% in June
Sales at U.S. retailers unexpectedly dropped in June, curbing optimism about the strength of the rebound in consumer spending during the second quarter.
July 14, 2015Federal Court Seals Tracy Morgan Settlement With Wal-Mart
A federal judge in New Jersey has approved a motion to seal the terms of a court settlement in comedian Tracy Morgan’s lawsuit against Wal-Mart Stores Inc. in connection with a crash that left Morgan in a coma for days and that killed another comedian.
C.R. England Adds 2016 Western Star 5700 XE Tractors to Fleet
C.R. England introduced the 2016 Western Star 5700 XE tractors into its fleet July 14.
July 14, 2015Diesel Average Drops 1.8¢ to $2.814 Per Gallon in Seventh Consecutive Decline
Diesel’s national average price declined for the seventh consecutive week, slipping 1.8 cents to $2.814 per gallon, the Department of Energy reported July 13. That makes diesel $1.08 cheaper than a year ago, DOE said after its weekly survey of filling stations. But gasoline climbed 4.1 cents to $2.834.
July 13, 2015Top 100 Carriers Get More Selective With Freight as Capacity Remains Tight
The nation’s largest for-hire carriers are becoming more selective about the freight they haul, taking steps to minimize delays and focusing on better utilization of equipment and personnel as strong demand and a shortage of drivers continue to strain capacity.