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.
August Class 8 Orders Extend the Slump
North American Class 8 orders in August continued to mimic fleets’ wait-and-see attitude as orders again fell below replacement level and plunged 79% from the all-time record set a year earlier, ACT Research reported.
Daseke Shakes Up Company as President, CFO Depart
Daseke Inc., one of the largest flatbed and specialized transportation companies in North America, announced on Sept. 5 it would replace its president and chief financial officer and fold three divisions into other parts of the corporation.
Energy Experts Fear Price of Diesel to Spike Because of New Shipping Fuel Mandate
Trucking executives fear sharp hikes in the cost of diesel, and perhaps a shortage, as the industry competes for fuel with ocean carriers, which have a mandate to sharply reduce pollution in fewer than 90 days.
FMCSA Proposes 3-Year Delay for States to Comply With Clearinghouse Rule
The Federal Motor Carrier Safety Administration has issued a notice of proposed rulemaking to extend the date by which state driver licensing agencies must comply with certain Drug and Alcohol Clearinghouse rule requirements.
Amazon Promises 235 Jobs From Massachusetts Distribution Center
Amazon has already begun $5.6 million in renovation work for its new distribution center in Holyoke, Mass., and has told the local career center it is looking for a venue to host a hiring fair and fill 235 jobs.
Maine Awarded $61 Million for Bridge Work
Maine has been awarded $61 million in federal grants to help replace eight aging highway bridges over the next five years. The two federal grants will help fund construction of bridges on Interstate 295, in Franklin County and Madawaska.
Illinois’ Gas Tax Increase to Help Fund Central Part of State
Illinois state transportation officials say this year’s 19-cent-per-gallon gas tax increase means millions of more dollars to help fix aging downstate roads.
Fleets, Logistics Firms Mobilize as Dorian Inches Up Coast
As Hurricane Dorian continued to creep up the East Coast and terminals shuttered in anticipation, logistics groups launched into action.
Consumer Comfort Climbs to Five-Week High
U.S. consumer comfort bounced back to a five-week high as assessments of personal finances reached the second-highest level since 2000, offering hope American households can continue to fuel the economic expansion.
Growth at US Service Firms Quickens While Employment Cools
Growth at U.S. service industries in August comfortably topped expectations on the sharpest monthly rebound in business activity since early 2008, favorable figures that were tempered by a slowdown in hiring.