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.
Amazon Selects Washington, New York Metro Areas for Coveted ‘HQ2’ Sites
Amazon.com Inc. will build new offices in New York City and Arlington, Va., ending months of jockeying between potential locations across the country vying for a $5 billion investment that promises 50,000 high-paying jobs over almost two decades.
October Trailer Orders Rocket to 55,250
U.S. trailer orders reached the second-highest point ever in October, 55,250 units, on surging demand for dry van and refrigerated units, according to ACT Research Co.
November 13, 2018PortMiami Seeks to Expand Three Years After Controversial ‘Deep Dredge’ Project
The super ships are coming, and PortMiami — set in an aquatic preserve at the north tip of Biscayne Bay — says it needs to get bigger. While the scope of the work remains uncertain, enlarging the busy port just three years after completion of the previous $205 million “Deep Dredge” is sure to set off another skirmish over potential damage to sea life from digging up the bottom of the shallow bay.
TorQuest Partners Invests in Cando Rail
TorQuest Partners, a Toronto-based midmarket private equity firm, has invested in Cando Rail Services Ltd. of Brandon, Manitoba.
November 13, 2018XPO Logistics Unveils LTL Optimization Plan
XPO Logistics will begin a four-point plan to optimize less-than-truckload operations.
November 13, 2018UPS Freight Resumes Operations After Workers Approve Contract, Avoid Strike
UPS Inc. and the International Brotherhood of Teamsters have approved a new five-year contract, averting a strike by 11,600 UPS freight workers as the Atlanta-based company heads into its busiest shipping time of the year.
Women Drivers Scarce Despite Data Supporting Their Qualifications
FRISCO, Texas — Despite having a lower turnover rate than their male counterparts and exhibiting safer driving habits, women still make up just a small portion — 7% — of the truck-driving workforce.
Amazon Delivery Centers Look to Bridge the Last Mile
Amazon.com rapidly is adding delivery stations across the country to better handle the rising number of orders it receives, and a big one landed on Centennial’s porch last month.
House Highways Subpanel Chairman Sam Graves Touts Bipartisanship on Infrastructure Policy
The top Republican authorizer on highways and transit policy in the U.S. House pledged to work alongside Democrats in crafting a long-term measure that would be designed to maintain and modernize the country’s infrastructure system.
DexFreight to Spearhead Proof of Concept for Blockchain-Driven Port System
DexFreight, a blockchain-based logistics platform provider, has announced a contract with Veracruz, Mexico, to develop a proof of concept for a blockchain-driven port community system.
November 9, 2018