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.
US Core Consumer-Price Gauge Climbs Less Than Forecast
A gauge of underlying U.S. inflation rose less than forecast in December, restrained in part by a deceleration in shelter costs and underscoring the Federal Reserve’s view that price pressures are muted.
Tim Phillips Named CEO at Universal Logistics Holdings
Universal Logistics Holdings Inc. announced Jan. 13 that company veteran Tim Phillips has become its new CEO.
Shipping’s Big Bang Sends Two Global Industries Spinning
Starting Jan. 1, the vast majority of the world’s ships were forced to change the fuel they use. Some big winners — and potential losers — are starting to emerge from what was a historic switch for the world’s oil refining and maritime industries.
China Welcomes Currency Decision Ahead of US Trade Deal
BEIJING — China on Jan. 14 welcomed a U.S. decision ahead of the signing of a trade deal with Beijing to drop it from a list of governments accused of manipulating the value of their currencies to gain an unfair advantage in trade.
State DOT Representatives Share Tips for Stretching Dollars
WASHINGTON — State department of transportation officials shared the creative ways they’ve completed projects with tight budgets at the Transportation Research Board’s annual meeting Jan. 13.
Court Extends TRO on Trucking Component of California’s AB 5
Judge Roger Benitez of the Southern District Court of California on Jan. 13 extended a temporary restraining order against the implementation of the trucking component in California’s Assembly Bill 5.
Diesel Falls 1.5¢ to $3.064 Per Gallon
The U.S. average retail price of diesel fell 1.5 cents to $3.064 a gallon, the Department of Energy reported Jan. 13. Oil plunged more than $5 a barrel as fears of war with Iran faded.
FMCSA Seeks Comments for New Large-Truck Crash Causation Study
The Federal Motor Carrier Safety Administration on Jan. 14 issued a formal request for public comment on how best to design and conduct a major study to identify factors contributing to all large-truck fatal, injury and tow-away crashes.
Trucking Experts Tackle Parking Problems, Solutions
WASHINGTON — Trucking industry representatives at the Transportation Research Board’s annual meeting Jan. 13 broke down some of the biggest challenges — and floated a few solutions — regarding truck parking.
ITS America Criticizes FCC’s 5.9 GHz Spectrum Proposal
WASHINGTON — A move by the Federal Communications Commission to proceed with a proposal that would devote much of auto safety airwaves to broadband uses was criticized by a key stakeholder at the Transportation Research Board annual meeting Jan. 13.