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.
Natural Gas Engines’ Future Could Brighten Even as CWI Joint Venture Approaches End
The long-standing joint venture between Cummins Inc. and Westport Fuel Systems Inc. for the manufacture of natural gas engines is nearing a turning point, with the companies and industry observers discussing what lies ahead both for the partners and for natural gas technology.
DOT Seeks Information on National Freight Strategic Plan
The U.S. Department of Transportation has issued a request for information to help craft a National Freight Strategic Plan.
Federal Judge Issues TRO Against Enforcement of California AB 5
A federal judge in the Southern District Court of California on Dec. 31 issued a temporary restraining order against the implementation of California’s Assembly Bill 5, as it pertains to the trucking industry.
NFI Acquires G&P Trucking Co.
Supply chain services provider NFI announced it completed the acquisition of G&P Trucking Co. Inc., a logistics provider specializing in asset-based transportation, port drayage and non-asset brokerage solutions in the Southeast.
December 30, 2019Diesel Climbs 2.8¢ to $3.069 Per Gallon
The U.S. average retail price of a gallon of diesel rose 2.8 cents to $3.069 a gallon, the Department of Energy reported Dec. 30.
December 30, 2019Trump’s Trade Deal ‘In the Bag,’ Adviser Peter Navarro Says
The White House’s leading China hawk, trade adviser Peter Navarro, said Dec. 30 that a preliminary trade deal with Beijing is completed.
As Robots Introduced to Warehousing, Workers Have to Adapt
NORTH HAVEN, Conn. — Guess who’s getting used to working with robots in their everyday lives? The very same warehouse workers once predicted to be losing their jobs to mechanical replacements.
Diesel Prices Remain Stable as IMO 2020 Mandate Set to Begin
Years of planning and preparation by the ocean shipping, oil and trucking industries are set to pay off as adequate supplies of diesel fuel are expected to be ready now that an International Maritime Organization mandate for the use of lower polluting fuel on ocean vessels is about to take effect.
Oil Extends Gain Near Three-Month High as US Stockpiles Shrink
Oil rose for a fifth session, the longest run of gains since July, as a bigger-than-forecast decline in U.S. crude stockpiles eased oversupply concerns.
Tesla Just Delivered Its First China-Built Cars in Shanghai
Tesla Inc. delivered its first China-built cars, a milestone for Elon Musk’s company as it accelerates a push in the world’s largest electric-vehicle market.
December 30, 2019