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.
FMCSA Making Progress as It Evaluates Possible CSA Changes, but Concerns Linger
Federal Motor Carrier Safety Administration officials held their first public meeting Aug. 30 to drill down on portions of their action plan to evaluate possible sweeping future changes to the Compliance, Safety, Accountability program’s Safety Measurement System used to identify motor carriers at high risk for future crashes.
Pioneering Tanker Driver's Passing Mourned by Alaska Trucking Community
Joy Wiebe, a Dalton Highway veteran said to be the only woman driving fuel tankers to Alaska’s Prudhoe Bay oil fields, died in a rollover crash early on Aug. 24.
Investors Keep Flocking to US Infrastructure, Even Without a Trump Plan
IFM Investors has raised almost $500 million for its first debt fund dedicated to U.S. infrastructure even as the Trump administration has yet to move ahead with its own infrastructure plan.
Peterbilt Factory Installs Aero Devices for P.A.M.
P.A.M. Transportation Services is beginning to take delivery of 550 new Peterbilt Motors Co. trucks that the manufacturer will factory install with FlowBelow Tractor AeroKits, the aftermarket supplier announced.
Maersk Sees Fuel Bill Soaring by $2 Billion From 2020 Rules
A.P. Moller-Maersk, the world’s largest container shipping line, said adhering to stricter environmental standards could add at least $2 billion to its annual fuel bill from 2020.
Canada Aims for NAFTA Deal This Week, but ‘Huge’ Work Remains
Canadian Prime Minister Justin Trudeau said his government is trying to reach agreement this week with the United States to update the North American Free Trade Agreement, but it won’t sacrifice its goal of getting the “right deal.”
August 29, 2018Four Reasons Why Shoppers Are in the Mood to Spend
NEW YORK — The store isn’t dead for Home Depot, Kohl’s, Best Buy or Target. Many traditional chains have posted strong sales, both online and at stores, as people are in a mood to spend.
US Pending Home Sales Fall in July Amid 'Overheated' Markets
An index measuring contracts to buy previously owned U.S. homes unexpectedly declined in July, signaling that buyers are balking at higher prices and a lack of choices in some regions, according to data released Aug. 29 from the National Association of Realtors in Washington.
US Economy Grew at Brisk 4.2% Annual Rate Last Quarter
WASHINGTON — The U.S. economy grew at a strong 4.2% annual rate in the April-June quarter, the best showing in nearly four years, as growth stayed on track to produce its strongest gain in more than a decade. Strength in business investment offset slightly slower consumer spending.
Flatbed Companies Offer Drivers Incentives, Focus on Training to Keep Cargo Secure
Flatbed carriers haul a wide variety of cargo, but securing that cargo requires extra work from drivers. To attract and retain those drivers, flatbed companies said they’re offering incentives and investing heavily in equipment and training to ensure loads are properly secured.