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.
Old Dominion to Open Six Service Centers in First Half of Year
Old Dominion Freight Line Inc. will open or remodel six service centers in the first half of 2019, the company said in a news release.
March 12, 2019Kentucky Officials Start Seasonal Eradication of Noxious Weeds
Kentucky Transportation Cabinet officials have begun their yearly process of treating noxious weeds that spring up alongside roads.
National League of Cities Offers Guide on User Fee Programs
Local leaders interested in testing programs that assess a fee to those using their roadways now have a guide. The National League of Cities published on March 11 its report “Fixing Funding by the Mile: A Primer and Analysis of Road User Charge Systems,” which makes the case that states and cities should explore such fundraising mechanisms.
XPO Logistics Terminates COO Ken Wagers
XPO Logistics Inc. has terminated Chief Operating Officer Ken Wagers, a high-profile executive hired away from Amazon.com less than a year ago, according to an XPO filing with the Securities and Exchange Commission on March 11.
Gambling Expands at Pa. Truck Stops, but Opponents Continue Fight
Four Pennsylvania truck stops are the latest to have been given conditional approval to operate video gaming terminals at their facilities, the latest step in a long-running, controversial effort in the state to introduce the gambling devices in truck stops and convenience stores.
Trump’s FMCSA Budget Request Higher Than Enacted Levels
President Donald Trump’s fiscal 2020 budget request proposes increasing funding for federal trucking regulators. Overall, the U.S. Department of Transportation would see a decrease.
Pilot Flying J Announces Online Service Portal
Pilot Flying J announced the launch of its new virtual maintenance system, Fleet Center.
March 11, 2019Lion Electric Announces Battery-Electric Class 8
The Lion Electric Co. announced its first all-electric Class 8, a day cab model.
March 11, 2019Average Diesel Price Inches Up 0.3¢ to $3.079 a Gallon
The U.S. average retail price of diesel rose 0.3 cent to $3.079 a gallon, according to the Department of Energy, as crude oil prices advanced slightly on March 11.
Lack of Drivers, Demand Driving Prices Up
Household goods are getting pricier because the costs of moving those goods — from trucking to even maritime shipping — have been rising.