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.
July 31 Is FMCSA’s New Target for Unveiling HOS Proposed Rule Change
The Department of Transportation’s most recent Significant Rulemaking Report has been updated to reflect July 31 as the projected publication date for the Notice of Proposed Rulemaking regarding HOS changes.
Coalitions Ramp Up Calls on Social Media for Highway Trust Fund Fix
Congressional transportation leaders are the focus of a new social media campaign designed to draw attention to infrastructure funding priorities nationwide.
FRA Awards Grant to Georgia Central Railway
Dublin, Ga., has earned $8 million in grants for improvements to its rail infrastructure. A $4 million grant from the Federal Railroad Association was given to the city through its Consolidated Rail Infrastructure and Safety Improvements Program, which was matched by the Georgia Central Railway.
Musk Seeking Tesla Deliveries Record Could Be a Double-Edged Sword
Analysts’ fear is that even if Tesla does show marked improvement in deliveries this quarter, Musk will achieve this at the expense of profitability. And with a shrinking U.S. tax credit posing a threat to demand in the second half of the year, Tesla’s efforts to hand over more Model 3s overseas could further compromise earnings because of relatively higher shipping expenses.
Factory Gauge Drops Less Than Forecast, but Orders Stall
A gauge of U.S. factory activity fell in June by less than forecast as output and jobs improved though new orders stalled, highlighting the repercussions of trade uncertainty and slower growth abroad.
Brookfield Buys Rail Operator Genesee for $8.4 Billion
An affiliate of Brookfield Asset Management Inc. agreed to buy railroad company Genesee & Wyoming Inc. for about $6.3 billion, expanding its global portfolio of rail companies with a 120-line network spanning North America, Europe and Australia.
Global Manufacturing Slump Puts Reality Check on Trade Truce
Global manufacturing took another knock at the end of the second quarter, signaling a worsening economic growth outlook as U.S.-China trade tensions continue to simmer.
2019 New Jersey Truck Driving Championships
Photos from the New Jersey Truck Driving Championships in Iselin June 21-22. (Eugene Mulero)
July 1, 2019Cummins in Agreement to Acquire Hydrogenics
Cummins Inc. has entered into an agreement to acquire fuel cell systems provider Hydrogenics Corp. for about $290 million, or $15 per share, the independent engine maker said.
June 28, 2019Roadrunner CFO Terence Rogers to Step Down in August
Terence Rogers, Roadrunner Transportation Systems Inc.’s executive vice president and chief financial officer, has resigned from the company effective at the end of August.