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.

Government, Business, Safety, Autonomous

FMCSA Shuts Down Carrier for Safety Violations that Include HOS Failure

The Federal Motor Carrier Safety Administration has announced that the carrier owned by Carnell Pompey, doing business as Mortise Trucking Co. in Darlington, South Carolina, has been shut down as an imminent hazard to public safety.

Michele Fuetsch | Staff Reporter
April 9, 2015

EDI for Trucking: Everything You Need to Know

Discover the transformative power of EDI for Trucking with Truckbase. Learn how seamless EDI integrations enhance data accuracy, operational efficiency, and customer satisfaction for asset-based carriers.

Business, Equipment

Alcoa Reports Improved 1Q Results, Projects Growth in North American Truck Market

Aluminum-wheel supplier Alcoa reported improved first-quarter financial results and boosted its 2015 outlook for the North American heavy-duty truck market.

April 9, 2015
Business, Equipment, Autonomous

Volvo Trucks Offers Tridem Axle on VNX Heavy-Haul Model

Volvo Trucks said it is now offering its VNX 630 model with a tridem rear axle group to maximize traction and payload.

Seth Clevenger | Managing Editor, Features and Multimedia
April 9, 2015
Business

Jobless Claims Over Past Month Lowest in Almost 15 Years

Fewer Americans applied for unemployment benefits over the past four weeks than at any time in almost 15 years, signaling underlying strength in the labor market even as hiring cooled last month.

April 9, 2015
Business, Logistics

TT's Top 50 Logistics Companies: A Sneak Peek at 2015 Rankings

An influx of new investment and surge in mergers and acquisitions are driving consolidation among logistics service providers and reshaping the industry’s landscape.

Daniel P. Bearth | Staff Writer
April 8, 2015
Business

SmartDrive Raises $50 Million to Expand Video-Based Safety Technology

SmartDrive Systems, a provider of video-based safety technology, has received $50 million in funding to support its global expansion and product development efforts.

April 8, 2015
Business, Technology

Cummins Diagnostics Service Now Available With Omnitracs In-Cab Devices

Engine maker Cummins Inc.’s remote diagnostics application now is available to fleets using Omnitracs’ in-cab telematics devices, the companies said in a joint announcement.

Seth Clevenger | Managing Editor, Features and Multimedia
April 8, 2015
Business, Logistics

Weekly Intermodal Rail Traffic Rises as Carloads Decline

U.S. rail intermodal traffic rose 3.8% in the week ended April 4 compared with the same week last year as carloads declined, the Association of American Railroads reported.

April 8, 2015
Business

DOT Freight Transportation Index Rises in February

The Department of Transportation’s freight transportation services index rose 2.5% in February from the same month in 2014, DOT said April 8.

April 8, 2015
Government, Business

Manufacturers Group Presses Rep. Paul Ryan for Long-Term Bill

The Association of Equipment Manufacturers called on Rep. Paul Ryan (R-Wis.) this week to advance a long-term transportation bill before funding authority for highway programs expires May 31.

Eugene Mulero | Senior Reporter
April 8, 2015