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.
Canadian Oil Firms Offer to Ship by Rail if Output Limits Ease
Canada’s oil-sands producers are offering to commit to shipping a certain amount of their crude by rail in return for the Alberta government raising its production limits.
Rice Brothers Seek Overhaul of Natural Gas Giant EQT
Absent a settlement before EQT Corp.’s annual meeting in Pittsburgh on July 10, shareholders will decide between competing rosters of candidates for the board of directors.
Job Openings in May Ease for Second Month
Job openings unexpectedly cooled in May for a second month, signaling a pause in demand for workers ahead of a surge in June payrolls growth that indicates a still-robust American labor market.
Corn in Recovery Mode With Summer Weather Here
After a cold, soggy start to the season, it’s finally feeling like summer in the Midwest, and corn fields are recovering. A turn toward warmer weather should be beneficial for the battered crop, and government data signal that conditions are starting to bottom out.
Hyundai Set to Penetrate US Pickup Market
Hyundai Motor Co. expects to enter the U.S. pickup market soon with what likely is to be an American-made vehicle aimed at luring buyers who aren’t traditional truck owners, an executive said July 8.
2019 Washington Truck Driving Championships
Scenes from the Washington Truck Driving Championships held June 22 in Tacoma.
July 9, 2019Document Automation Puts Trucking Back Office in Fast Lane
The deluge of documents that trucking generates is increasingly managed and processed via automation. Providers of document-management systems said these systems yield labor savings and efficiencies.
Diesel Rises 1.3¢ to $3.055 a Gallon
The U.S. average retail price of diesel rose 1.3 cents to $3.055 a gallon, the Department of Energy reported July 8. Crude slid to less than $58 a barrel, then rebounded later in the week to just above $60.
Driver Productivity Can Be Boosted by Addressing Health, Stress
When drivers and employees at PetroChoice Holdings want to take a sick day, or just take time off for any reason, all they have to do is inform their boss they will be taking “PTO,” or paid time off.
Tariff Twist That’s Cost US Steel $5.5 Billion
President Donald Trump’s tariffs on foreign steel have sped the decline of some of the U.S. mills he vowed to help.
July 8, 2019