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.
NTTC to Help Fund ATRI, Anti-Tolling Effort
BOSTON — The National Tank Truck Carriers will spend $2,500 a year over five years on each of two trucking efforts started by American Trucking Associations.
April 29, 2015Pending Sales of Previously Owned Homes Rose 1.1% in March
The number of Americans who signed contracts in March to buy previously owned homes climbed after the biggest increase in more than four years, a sign for further progress in the housing recovery.
April 29, 2015Saia Net Income Climbs 47%
Saia Inc. reported first-quarter net income increased 47% to $12.6 million, or 49 cents per share, with help from higher rates.
April 29, 2015FMCSA Ends Driver Recruitment for Restart Study
Federal regulators said they have exceeded their goal of recruiting more than 225 truck driver volunteers to participate in an hours-of-service 34-hour restart study.
NTTC Picks New Officers, Safety Award Winners
BOSTON — Members of the National Tank Truck Carriers installed new officers and presented two major safety awards on April 28, the last day of the group’s annual conference and exhibits.
Wabash Reports Higher 1Q Earnings, Record Order Backlog
Trailer maker Wabash National Corp. reported higher first-quarter earnings and a record order backlog as demand for new equipment remained strong.
April 28, 2015Celadon Net Income More Than Doubles
Celadon Group Inc. more than doubled net income to $8.6 million, or 36 cents per share, as freight volume, rates and revenue increased for the third fiscal quarter of 2015.
April 28, 2015XPO Logistics Agrees to Buy Norbert Dentressangle for $3.53 Billion
XPO Logistics Inc. agreed to buy French logistics company Norbert Dentressangle SA for $3.53 billion to expand in the global sector, a move that will nearly triple the U.S. company’s revenue.
NPTC Inducts Four Drivers Into Hall of Fame
CINCINNATI — The National Private Truck Council honored four drivers for a lifetime of safely delivering goods on the nation’s highways at the Annual Education Management Conference and Exhibition here April 27.
Temporary Funding Bill Still Up in the Air, Chairman Bill Shuster Says
WASHINGTON — With only 33 days left to pass a temporary funding extension for the nation’s transportation system, the man who heads the House Transportation Committee said he doesn’t know where the money will come from or how long the extension will last.