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.
Democratic Presidential Candidate John Delaney Unveils $2 Trillion Infrastructure Plan
A $2 trillion proposal from 2020 presidential aspirant John Delaney would look to improve connectivity along freight routes, transit systems and other corridors through a comprehensive revenue stream.
500 Tornadoes in 30 Days Among Highest Reported From Past Seven Decades
The United States has been rocked by 500 tornadoes in the past 30 days with a trapped jet stream in the atmosphere “stuck in neutral,” according to the U.S. Storm Prediction Center.
Goods-Trade Gap Widens Second Month to Highest This Year
The U.S. merchandise-trade deficit widened for a second month to the highest level since a record in December as exports dipped.
April Used Class 8 Prices Climb; Dealers Wary of Slowdown
The average used Class 8 brought a sharply higher sales price in April, even as inventories appear to be building, ACT Research reported. The average price was $48,532, up 15% compared with $42,100 a year earlier.
USDA General Counsel Opinion: States Can’t Prohibit Hemp Transportation
While states and American Indian tribes currently can regulate the lawful production and sale of hemp produced under a 2014 law, they may not prohibit the interstate transportation or shipment of the product grown under a program authorized by the U.S. Department of Agriculture, according to a new legal opinion issued by USDA’s general counsel.
Werner Expands Mexico Operations With Laredo Refrigerated Facility
Werner Enterprises celebrated the grand opening of the new cross-dock facility at its Laredo, Texas, terminal, the company said in a May 15 news release.
May 29, 2019Toronto Firm BigRoad Launches Pay-As-You-Go ELD
BigRoad launched a “pay-as-you-drive” electronic logging device solution, aimed at drivers with an irregular need for ELD compliance, the company said in a news release.
May 29, 2019Eddie Lampert’s Transform Holdco Sues Sears Estate, Demands Trial and $130 Million
The fight over the deal that bought Sears Holdings Corp. out of bankruptcy shows no sign of cooling off.
XStream Trucking Seeks Larger Share of Aerodynamics Market
Aerodynamic devices intended to calm turbulence and improve fuel efficiency for heavy-duty vehicles come in many shapes and sizes — from wheel covers to fairings over, under and behind trailers. Now a group of investors has provided additional support to XStream Trucking Inc., whose TruckWings device automatically encloses the area between the tractor and trailer.
FedEx Practice of Diverting Delivery of Huawei Parcels Called a Political Ploy
FedEx Corp.’s reported practice of rerouting Huawei parcels to the United States without the Chinese company’s authorization demonstrates that the U.S. government is leaving no stone unturned to disrupt normal business activities, analysts said May 28.