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.
Maverick USA Buys Flanary and Sons Trucking
Maverick USA Inc. announced the acquisition of Flanary and Sons Trucking Inc., a Tennessee-based carrier that specializes in shipping architectural flat glass, a building product.
ARTBA: Short-Term Trust Fund Extension Would Only Delay Long-Term Solution
A cloud of uncertainty looms over plans by the Environment and Public Works Committee to pass a six-year highway bill, especially after House Republican leaders Paul Ryan and Bill Shuster introduced legislation July 13 to extend the authorization of transportation funding until mid-December.
White House Supports House Short-Term Highway Bill
The Obama administration indicated it supports passage of legislation that would authorize funding for highway programs through mid-December, a bill the House is considering July 15.
OOIDA, CVTA Among Groups Voicing Opposition to Hair Testing for Drug Use
Trade organizations representing truck drivers and commercial vehicle driver training schools were among those who said they have concerns about using hair specimens to drug test drivers.
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, 2015