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.
2018 Roadcheck Out-of-Service Rate Declines From Last Year
More than one of every five trucks that received comprehensive Level I inspections during the Commercial Vehicle Safety Alliance’s International Roadcheck this summer were taken out of service, CVSA reported on Sept. 12. CVSA said that the out-of-service rate for the 45,400 Level I inspections was 21.6%, a decrease from last year’s 23% rate.
Acquisitions Mark Trend of Truck Insurance Agency Consolidation
AssuredPartners Inc., a Lake Mary, Fla.-based insurance brokerage firm, said it acquired the Roemer Insurance Agency and its affiliate Sunforest Transportation Insurance Group, both based in Toledo, Ohio.
Brokerage Firm Tallgrass Pursues Growth Through Sales Agents
Damon Anderson is using his company, Tallgrass Freight Co., to help other freight brokers and sales agents go out on their own by providing technical support, plus insurance and fringe benefits that are usually available only from larger corporate entities.
Ports Set Volume Records as Shippers Rush to Have Goods Processed Before Tariffs Bite
Some of the nation’s largest ports keep setting new records for cargo volumes, as trade tensions between the United States and some of its trading partners propel a rise in container traffic.
With Funding Deadline Fast Approaching, Fiscal 2019 Transportation Bills Not Yet Considered
The fate of a provision tucked in the transportation bills in the House and Senate that would suspend enforcement of the electronic logging device rule for livestock haulers remains uncertain as lawmakers approach a Sept. 30 government funding deadline.
Container Volumes Up at Port of New York and New Jersey
STATEN ISLAND, N.Y. — Business is booming for the Port Authority of New York and New Jersey.
Arizona DOT Prepares for Future Interstate 11
The Arizona Department of Transportation is widening U.S. Route 93, identified as an important artery along the future Interstate 11 corridor that will run through the state and into neighboring Nevada.
France Mulls Autonomous Trains
As billions go into building driverless everything — from cars to buses and airplanes — France is taking a cheaper shortcut to autonomous transport.
US Producer Prices Dip 0.1% in August
WASHINGTON — U.S. wholesale prices fell unexpectedly last month for the first time since February 2017, pulled down by falling prices for transportation and warehousing services. The drop suggests that inflationary pressures may be easing despite the strength of the U.S. economy.
Simulators Provide Virtual Scenarios for Real-World Autonomous Driving
Self-driving cars virtually have made every mistake imaginable inside the office of Applied Intuition. But that's a good thing, according to the autonomous technology company.
September 12, 2018