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.
Finance Panel Democrats Press for Highway Funding Hearing
The 12 Democrats on the tax-writing Senate Finance Committee called on the panel’s chairman to hold a hearing to explore ways for keeping highway programs funded after May.
Reactions: XPO Logistics Acquisition of Norbert Dentressangle for $3.53 Billion
Reactions to XPO Logistics' $3.53 billion acquisition of French logistics company Norbert Dentressangle SA for $3.53.
April 29, 2015Daimler to Add Third Shift, 600 Workers at N.C. Truck Plant
Daimler Trucks North America plans to “sharply increase production and employment levels” at its Mount Holly, North Carolina, truck manufacturing plant over the next three months.
Weekly Intermodal Rail Traffic Rises as Carloads Decline 7.9%
U.S. rail intermodal traffic rose 5.6% in the week ended April 25 compared with the same week last year as carload traffic declined 7.9%, the Association of American Railroads reported.
April 29, 2015Restart Rider in Appropriations Bill Could Extend Suspension
A House appropriations bill unveiled this week contains a rider on the 34-hour restart that adds new requirements on the study Congress ordered last year, meaning suspension of the restart could be extended beyond September.
Software More Vital Than Hardware, IT Execs Say
BOSTON — Information technology managers should make sure drivers and other employees buy into IT offerings and remember that hardware is cheap relative to software.
Truck Operators Urged to Monitor Tire Pressure
BOSTON — Proper tire inflation saves money, tank truck executives meeting here were reminded.
Economists at NTTC Predict Solid Year for Trucking in 2015
BOSTON — The nation’s tank truck industry will not grow as rapidly this year as it did from 2011 to 2013, but volumes hauled will remain strong, especially as gross domestic product recovers from a flat first quarter.
FBI Concerned Tankers Could be Used as Weapons by Terrorists
BOSTON — Members of the National Tank Truck Carriers heard April 27 and 28 that the FBI is concerned that tank trucks could be used as weapons by terrorists.
Eaton, Meritor Report Higher Earnings; Meritor Appoints CEO
Component makers Eaton Corp. and Meritor Inc. reported higher earnings for their most recent fiscal quarters, with both companies citing a strong North American truck market, and Meritor appointed a new CEO.