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.
Pennsylvania Freight Rail Track Gets $700,000 for Rehabilitation
The Pennsylvania Department of Transportation awarded $700,000 to Pittsburgh Intermodal Terminals Inc. to improve about 1 mile of freight rail track to bolster operations and generate jobs in Beaver County.
XPO to Close Missouri Logistics Facility, Wiping Out 166 Jobs
HAZELWOOD, Mo. — A logistics facility will close here, eliminating 166 jobs, according to a notice filed with the state.
California Considers Requiring Zero-Emission Truck Sales
SACRAMENTO, Calif. — The country’s most populous state could become the first to require a portion of new truck sales be electric or “zero emission” vehicles as California grapples with how to clean up its worst-in-the nation air quality.
Trump Approves U.S.-China Trade Deal to Halt Dec. 15 Tariffs
President Donald Trump signed off on a phase-one trade deal with China, averting the Dec. 15 introduction of a new wave of U.S. tariffs on about $160 billion of consumer goods from the Asian nation, according to people familiar with the matter.
December 12, 2019Ford Adding to Austin Self-Driving Car Operation
Ford Motor Co. is adding to its self-driving car testing operation in Austin, Texas, saying Dec. 11 it has secured two pieces of real estate that will be central to the project.
Industry Leaders: Celadon Drivers, Others Recently Laid Off Likely to Find Work
Recent headlines concerning the trucking industry’s economy have been somewhat foreboding, but industry leaders are optimistic workers laid off can find new jobs.
Freight Stakeholders: USMCA Is ‘Victory’ for Industry
Freight stakeholders expressed strong support for the recent agreement reached by congressional Democrats and the Trump White House on a new trade deal with Canada and Mexico, as the U.S. House readies a vote on the deal before the end of the year.
FMCSA Issues Final Rule for States to Comply With Clearinghouse Requirements
The Federal Motor Carrier Safety Administration announced Dec. 12 a final rule extending by three years the date for state driver's licensing agencies to comply with certain Drug and Alcohol Clearinghouse requirements.
Federal Judge Approves First Stage of Celadon Bankruptcy Plan
Celadon Group on Dec. 10 appeared in a federal bankruptcy court in Wilmington, Del., the day after it announced plans to file for Chapter 11 bankruptcy and wind down its operations under the weight of huge debt obligations and a weakening trucking market.
Celadon Group Top 10 Unsecured Creditors
Here are the top unsecured creditors that are not company employees listed in Celadon’s bankruptcy petition.