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.
US Gasoline Traders Would Rather Export Than Ship to New York
The busiest U.S. fuel pipeline is running below capacity, as Gulf Coast refiners get fatter margins exporting to Latin America than shipping to New York.
Hub Group Enhances Visibility, Arrival Estimates
Hub Group introduced enhanced end-to-end visibility, which the trucking and supply chain company said will deliver real-time estimated-time-of-arrivals, unveiling the new options May 16.
May 16, 2019Rockford Airport to Add 500 Jobs
ROCKFORD, Ill. — A $9 million federal grant will pay for expanded parking for cargo jets at Chicago Rockford International Airport, where the nation’s 22nd-busiest airfreight hub soon will add 500 jobs.
May 16, 2019Maine Highway Agencies Aim to Ease Traffic Woes During I-95 Construction
Maine’s two highway agencies launched a rare coordinated public information campaign May 15 in an effort to ease the impact that two construction projects less than 9 miles apart on a busy stretch of Interstate 95 will have on traffic.
Transportation Leaders Examine Market Concerns in Freight Rail Industry
The leaders of the transportation policy panel of the U.S. House of Representatives expressed concern about possible unfair trade practices in the freight rail and transit sectors.
Spot Rates for Vans, Reefers Slip in April
April saw strong volumes and abundant capacity in spot market truckload freight, according to DAT Solutions’ monthly report.
YRC Worldwide, Teamsters Enter Into Five-Year Contract
A fully ratified, five-year labor contract among less-than-truckload carrier YRC Freight, regional LTL carriers Holland and New Penn Motor Express, and the International Brotherhood of Teamsters went into effect May 14, covering an estimated 24,000 workers, YRC Worldwide announced.
Tennessee Native Punches First Ticket to Nationals
FedEx Freight driver Gary Luster is looking to capitalize on his first Grand Champion win that he picked up April 27 at the Tennessee Truck Driving Championships.
Robots Take the Wheel as Autonomous Farm Machines Hit the Field
Robots are taking over farms faster than anyone saw coming.
May 16, 2019Walmart Rises After Strong Start to Year, but Tariffs Still Loom
Walmart Inc. rose after reporting sales that met analysts’ expectations. Still, concerns are growing that Chinese tariffs could soon force the retailer to raise its famously low prices or sacrifice its bottom line.