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.
Capitol Agenda for the Week of Dec. 3: The Year of Infrastructure Weeks?
Turn on a cable news show, and a federal lawmaker (most likely an incoming freshman) or a veteran pundit will declare that next year we’ll live each week as if it were “Infrastructure Week.” Until then, here's the week ahead for trucking on Capitol Hill.
Opinion: How the DRIVE-Safe Act Could End the Driver Shortage
The persistent truck driver shortage is the industry’s top overall concern — and for good reason.
Two Digital Freight Brokers Focus on Price Transparency for Shippers
Digital freight brokers Convoy and Uber Freight have separately launched new tools intended to make pricing options for hauling loads more transparent for shippers.
Trump Aide Kudlow Calls for End of Electric Vehicle Subsidies
President Trump’s top economic adviser on Dec. 3 said the White House wants to end subsidies for electric vehicle purchases, without saying how it would eliminate the incentives that were created by Congress.
Romaine Recall Causes Disruption in Trucking Industry
Romaine lettuce is shipping again after a late November outbreak of E. coli, but only after the federal government began a new round of negotiating with producers for changes in tracking.
Bison Oilfield Services Acquires S&S Star Water Solutions
Bison Oilfield Services, an Oklahoma-based energy services company, has announced the closure of its acquisition of S&S Star Water Solutions, a water infrastructure business. The acquisition establishes Bison as Oklahoma’s only fully-integrated water midstream company with assets in every major basin across the state, according to a Nov. 29 press release. Financial terms were not disclosed.
December 3, 2018Approved Wholesale Expands With Baltimore Hub
Approved Wholesale, the petroleum and renewable fuels division of the Approved Cos., has announced the expansion of operations into Baltimore.
December 3, 2018Construction Spending Down 0.1% in October
WASHINGTON — Spending on U.S. construction projections fell 0.1% in October, the third consecutive monthly decline, as weakness in home building and non-residential construction offset a rebound in government projects.
Manufacturing Gauge Tops Estimates as Jobs, Orders Rebound
A gauge of U.S. manufacturing rebounded in November as new orders picked up and companies added workers, indicating that factories remain relatively healthy in the fourth quarter.
Farmers Have Little to Cheer From China Trade Truce, So Far
For a soybean farmer in Iowa or Illinois, it may be premature to celebrate the ceasefire in the trade war between the U.S. and China.