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.
GM Promotes 1,350 Temp Workers to Full-Time Status After Strike
General Motors Co. delivered on one of the key promises made in its labor contract that ended a 40-day strike in October by giving 1,350 temporary staffers full-time status.
State DOT Directors: Work With Us on Safety
WASHINGTON — The leaders of several state departments of transportation urged automobile drivers and trucking companies to work together on safety improvements to help reduce traffic fatalities to zero or near zero, during a panel at the Transportation Research Board’s annual meeting Jan. 14.
California Port City Shuts Key Coal-Export Route
A critical route for American coal exports to Asia is drying up after yet another U.S. port city passed a law to bar the fuel from leaving its shores.
Trump Administration Signals Compromise on Gas Mileage Rules
The Trump administration is signaling that it could increase fuel economy standards, possibly compromising on its push to freeze them at 2020 levels.
Trailer Orders Hit Year-End Slump; Backlog for 2020 Slides Lower
Net U.S. trailer orders in December fell to just below 18,000, ACT Research reported.
Oil Trades Near Six-Week Low as Data Shows US Stockpiles Rose
Oil traded near a six-week low as industry data showing an increase in U.S. crude stockpiles reaffirmed expectations that global markets will be oversupplied in the first part of the year.
World Direct Shipping Extends Port Manatee Agreement
World Direct Shipping, a container line based in Port Manatee, Fla., announced it extended its agreement with the Central-Southwest Florida seaport and added a third vessel to its rapidly growing weekly services across the Gulf of Mexico.
January 15, 2020Data Sharing Can Help Freight Movement, Panelists Say
WASHINGTON — Coordination among trucks, ports, departments of transportation, city representatives and law enforcement officers is important to facilitating mobility, according to John Barton, senior vice president of the infrastructure firm HNTB Corp.
Amazon Lifts Restriction on Sellers Using FedEx to Ship Packages
Amazon .com Inc. lifted restrictions established during the holiday shopping season that had prevented third-party merchants selling goods on the site from shipping packages with FedEx Corp.’s ground service.
January 14, 2020USDOT Announces $900 Million for Freight, Highway Grants
Transportation officials nationwide who are seeking a federal boost to help advance major freight or highway projects may find it in the form of a federal grant.