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.
Lineage Logistics Buys Three Oregon Processing Plants
The $49 million sale of NORPAC Foods’ Salem, Brooks and Stayton processing facilities in Oregon to cold storage giant Lineage Logistics was approved by U.S. Bankruptcy Court Judge Peter McKittrick on Jan. 14.
J.B. Hunt Driver Wins School Supplies for Daughter’s Class
NEWARK, N.J. — Jihad Simmons, a driver for J.B. Hunt Transport, won $1,000 worth of school supplies for his daughter’s first-grade class through the company’s annual Adopt-a-Class contest.
China to Buy $52 Billion of Additional US Energy Products
China agreed to buy $52.4 billion of additional U.S. energy products as part of a landmark trade deal signed by the world’s two top economic superpowers.
January 15, 2020Perspective: California’s AB 5 Threatens Future of ‘Gig’ Economy
California’s effort to reshape the “gig” economy hit a significant roadblock earlier this month when a federal court issued a temporary injunction prohibiting the application of the state’s new rules to truck drivers, citing a conflict with federal law. The roadblock is by no means fatal, but it’s not insignificant — not when there are so many lawsuits left to be decided.
DOT’s Elaine Chao Announces ADAS, Connected Technology Programs
WASHINGTON — Transportation Secretary Elaine Chao announced several initiatives relating to connected vehicle technologies and advanced driver assistance systems before a crowd of industry representatives Jan. 15.
Fed Says Economic Growth Was Modest in Final Weeks of 2019
The U.S. economy kept growing at a modest clip as 2019 drew to a close, while a deterioration in manufacturing employment belied overall tight job market conditions across the country, a Federal Reserve survey showed.
FHWA to Release Updated Jason’s Law Truck Parking Survey
WASHINGTON — Results of a comprehensive national federal survey of truck parking availability will be made public in the next few months, according to a Jan. 15 presentation at the Transportation Research Board annual meeting.
US, China Sign Deal That Aims to Simmer Long-Running Trade Tensions
WASHINGTON — President Donald Trump signed a trade agreement Jan. 15 with China that is expected to boost exports from U.S. farmers and manufacturers and is aimed at lowering tensions in a long-running dispute between the economic powers.
Medium-Duty December Sales Post Slight Gain to End Near-Record Year
Medium-duty truck sales in December rose nearly 5% overall compared with a year earlier and annual volume for 2019 was the highest since 2006, WardsAuto .com reported.
FHWA Specialists Identify Resources for Public
WASHINGTON — The Federal Highway Administration offered attendees of the Transportation Research Board’s annual meeting an update of the resources the agency has made available.