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.
House Democrats, Now the Majority, Will Push Infrastructure Funding, Oversight Agenda in 2019
A long-term infrastructure funding measure and increased oversight of the Trump administration will be priorities the new Democratic leadership in the U.S. House intends to pursue during the next two years, the incoming chairman of the transportation panel told reporters Nov. 7.
Fed Leaves Key Rate Unchanged but Sees Hikes Ahead
WASHINGTON — The Federal Reserve has left its key policy rate unchanged but signaled that it plans to keep responding to the strong U.S. economy with more interest rate hikes. The next rate increase is expected in December.
Arkansas Sleeper Berth Case ‘an Outlier,’ Attorneys Say
A decision last month by a federal judge in Arkansas that truck drivers are entitled to compensation for time in the sleeper berth was preceded by two federal cases that resulted in legal rulings more favorable for carriers, including one that was affirmed by an appeals court.
Homewood Holdings Buys Select Assets of Building Supply and Lumber
Homewood Holdings, a portfolio company of private equity investment firm Building Industry Partners, has acquired select assets of Building Supply and Lumber Co., an independent lumber and building materials dealer.
November 8, 2018ATRI Seeking Industry ELD Data for Future Research on HOS
The American Transportation Research Institute is asking fleets to provide data from their electronic logging devices to be used in confidential research for studying policy issues in trucking.
Daimler, Bosch to Offer Self-Driving Car Pilot
Mercedes-Benz parent company Daimler and auto supplier Bosch plan to launch a self-driving car pilot for the public in San Jose, Calif., in the second half of 2019.
FedEx Announces Rate Increases for 2019 as Demand Grows
FedEx Corp. will raise general rates on Jan. 7, according to a statement the company released on Nov. 5, reflecting tight capacity and greater demands from a strong economy.
Voters Decide Fate of Transportation Funding Measures on State Ballots
Voters demonstrated a reluctance to approve new funding measures but a commitment to securing existing funds for transportation purposes during the Nov. 6 election.
History Channel Debuts ‘Truck Weekend in America’
Inspired by the “Shark Week” ratings phenomenon, the History Channel is turning to trucks. At 8 p.m. Nov. 10, “Truck Weekend in America” launches six hours of truck programming that spotlights new trucks, rescue trucks, restoring trucks, how trucks are built in factories and how trucks have transformed our culture.
OPEC Considers 2019 Oil Production Cuts in Yet Another U-Turn
The wind changed again in a stormy oil market as OPEC signaled it will consider a return to cutting output next year, potentially making the second production U-turn this year.