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.
Big Freight Systems to Merge With Kelsey Trail Trucking
Winnipeg, Manitoba-based Big Freight Systems, a division of Daseke Inc., on July 5 announced it is merging with Kelsey Trail Trucking, which has locations in Saskatoon, Saskatchewan, and Innisfil, Ontario.
July 6, 2018US Payrolls Rise 213,000; Wage Gains Slow, Unemployment Up
U.S. hiring topped forecasts in June while unemployment rose from an 18-year low and wage gains unexpectedly slowed, indicating the labor market has room to keep expanding.
Trade Deficit Narrows to Smallest Since 2016 on Soybean Exports
The U.S. trade deficit narrowed in May to its smallest since October 2016 on a jump in exports of soybeans and aircraft amid the threat of retaliatory tariffs.
July 6, 2018EPA Chief Scott Pruitt Resigns
Scott Pruitt has resigned as administrator of the Environmental Protection Agency after a deluge of damaging revelations about his spending, travel and a condo rental that prompted Republican lawmakers to distance themselves and question his continued effectiveness.
July 5, 2018Union Touts Tentative UPS Deal
Negotiations were scheduled to resume between UPS Inc. and the International Brotherhood of Teamsters after they reached a tentative five-year labor agreement last month covering 250,000 drivers, loaders, package sorters, dockworkers and operations team members.
FMCSA Denies Owner-Operators’ Request for ELD Exemption
The Federal Motor Carrier Safety Administration has confirmed that it denied the Owner-Operator Independent Drivers Association’s request for an exemption from the electronic logging device rule.
Beijing Gives Boost to Driverless Cars
Self-driving vehicles have traveled safely for 26,000 kilometers (16,156 miles) in test areas in China’s capital city, according to Beijing Innovation Centre for Mobility Intelligence, a service provider of road tests for autonomous vehicles.
Canada Picks US, Spanish Firms as Top Bid for Detroit Bridge
Canada picked a consortium led by U.S. and Spanish construction firms as the front-runner to build a major new bridge between Detroit and Windsor, Ontario.
Here’s Where China Stands as Hour of US Tariffs Approaches
The world’s two largest economies are set to slide deeper into a trade conflict July 6 that’s roiled markets and cast a shadow over the global growth outlook.
July 5, 2018Truck Stops Respond to Drivers' Needs
A truck stop is not just a location for drivers to refuel. Across the United States they create a unique “home away from home” for drivers.