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

Con-way Freight Will Add 875 Freightliner Trucks to Fleet

Less-than-truckload carrier Con-way Freight said it is purchasing 875 new trucks in order to update its fleet of linehaul and pickup/delivery vehicles.

Jonathan S. Reiskin | Associate News Editor
July 16, 2015
Business, Fuel

EPA Suing Navistar Over 2010 Engines

The U.S. Environmental Protection Agency on July 14 filed a lawsuit against truck maker Navistar International Corp. alleging that the company in 2009 began the manufacture of 7,750 heavy-duty diesel engines it offered for sale in calendar year 2010 that did not meet emissions standards applicable to 2010 engines.

Eric Miller | Senior Reporter
July 16, 2015
Business

Jobless Claims Decline for First Time in Month

Filings for U.S. unemployment benefits declined last week for the first time in a month, heading back toward the lowest levels in more than a decade and signaling firings remain muted.

July 16, 2015
Business

Palladium Equity Buys Staffing Firm TransForce

Palladium Equity Partners,  a private equity company, said an affiliated fund acquired driver staffing company TransForce Inc.

July 16, 2015
Business

Stericycle Plans to Purchase Shred-It International

Stericycle Inc., a company based in Lake Forest, Illinois, that manages the disposal of medical and hazardous waste, announced plans to buy Toronto-based Shred-It International for $2.3 billion.

July 16, 2015
Government, Business

Senate Commerce Panel Advances 6-Year Transportation Bill That Includes FMCSA Reform

WASHINGTON — The Senate Commerce Committee on July 15 reported to the floor a six-year bill that would seek to reform parts of the Federal Motor Carrier Safety Administration.

Eugene Mulero | Senior Reporter
July 15, 2015
Business, Technology

Replay: LiveOnWeb Focus on 2015 Top 100 For-Hire Carriers, Capacity Issue

Watch the replay of our July 15 LiveOnWeb program dedicated to an analysis of the 2015 Transport Topics Top 100 For-Hire Carriers rankings and a discussion of capacity issues.

July 15, 2015
Business

Union Representation Vote Called off at Con-way Freight Facility in Oakland

Con-way Inc. said a union representation election at a Con-way Freight facility in Oakland, California, was called off, marking the latest defeat of labor organizing efforts at the less-than-truckload carrier.

Rip Watson | Special to Transport Topics
July 15, 2015
Government, Business

House Passes 5-Month Highway Funding Patch

The House on July 15 passed a five-month extension of federal highway funding authority, giving the Senate about two weeks to act on the measure before such authority expires.

Eugene Mulero | Senior Reporter
July 15, 2015
Government, Business, Fuel

Energy Prices Help Spending, Hinder Manufacturing, Beige Book Report Says

U.S. economic activity continued to expand from mid-May through June, with lower energy prices helping to boost consumer spending but remaining a drag on manufacturing, the Federal Reserve said July 15.

July 15, 2015