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.
Spurring the Economy
The most important factor in boosting business across the United States is a solid network of highways and rail lines that connect the community to domestic and foreign markets.
Flying Trains and Flying Whales: Radical New Ideas for Freight Transportation
The future of rail transportation literally may be up in the air. Entrepreneurs and engineers from around the world have proposed radical concepts for hauling freight and passengers, including a multistory flying train, a supersized blimp and super-high-speed trains.
Gains Among Automakers Help Spur Factory Production in August
U.S. factory production rose in August amid broad-based gains that included automakers, providing support for economic growth this quarter, Federal Reserve data showed Sept. 14.
Resilient Infrastructure Is Focus of ARTBA Annual Convention
The potential long-term benefits associated with investing in resilient infrastructure will be examined at the upcoming American Road and Transportation Builders Associations annual convention in New York City.
Florence Batters Rain-Ravaged Carolinas
WILMINGTON, N.C. — Hurricane Florence lumbered ashore in North Carolina with howling 90 mph winds and terrifying storm surge Sept. 14, splintering buildings and trapping hundreds of people in high water as it settled in for what could be a long and extraordinarily destructive drenching.
Longshoremen, Port Group Reach Six-Year Labor Agreement
Members of the U.S. Maritime Alliance said they have ratified a new six-year contract with the International Longshoremen’s Association, the largest union of maritime workers in North America.
August Retail Sales Fall Short of Analysts’ Estimates
U.S. retail sales rose by less than forecast in August after an upwardly revised July gain as purchases of automobiles and clothing fell, suggesting households took a breather from spending.
September 14, 2018Owner of Dicom Transportation Group Sells off Canadian Business
General Logistics Systems, a division of Royal Mail in the United Kingdom and a major parcel carrier in Europe as well as regional operator in the United States, is buying the Canadian operations of Montreal-based Dicom Transportation Group for C$360 million from Wind Point Partners.
Kathleen McCann to Step Down as CEO at United Road
Kathleen McCann, chairman and CEO of United Road Services, announced that Mark Anderson will take over as CEO next year as she transitions to the role of executive chairman.
Seko Logistics, DSV Group Move to Expand E-Commerce Capabilities
U.S.-based Seko Logistics and DSV Group in Denmark have each made recent moves to increase their international e-commerce capabilities.