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.
Gov. Andrew Cuomo Proposes Additional $125 Billion for N.Y. Infrastructure
New York Gov. Andrew Cuomo announced May 8 that an additional $125 billion will go toward infrastructure investment over the next five years.
Strong Market Treats Two Suppliers Differently
First-quarter earnings reports for two companies supporting the commercial vehicle industry reflected different results amid a strong environment for freight and booming truck orders. One supplier of fuel and related services for fleets on the road had a net loss but an uptick in revenue while a diversified component supplier saw both its net income and revenue surge.
Driver Pay Rising as Large Carriers Open Their Wallets
Recruiters are working to keep pace as carriers continue to increase compensation as a way of attracting and retaining drivers, a new survey found.
American Factories Struggle to Increase Productivity
The United States has added 1.2 million jobs in manufacturing over the past eight years. Before you cheer for the revival of American manufacturing, consider the reason for all that job growth: abysmal productivity performance.
Capitol Agenda for the Week of May 7: Little Bills
The art of the deal under the Trump administration is taking us from the promise of having a huge infrastructure package to asking us to settle for smaller, tinier measures. Essentially, you get what you can.
FHWA Launches Nationwide Initiative on Highway Automation
The Federal Highway Administration will host a series of meetings throughout the remainder of the year that will bring government and private-sector representatives together over the topic of highway automation
NPTC Elects Carol Heinowski Chair of Board of Directors
Carol Heinowski, logistics manager and head of safety and compliance at Meijer Inc., was elected chairman of the National Private Truck Council at its Annual Education Management Conference and Exhibition in Cincinnati April 29-May 1.
FedEx to Shift $6 Billion in Pension Obligations to MetLife
FedEx Corp. is transferring $6 billion in U.S. pension obligations to MetLife Inc. to reduce administrative costs.
Covenant Transport Pays $2,000 Bonuses to 44 Teams
Covenant Transport handed out $88,000 in its new team bonus program last month to 44 teams that eclipsed the 60,000 miles together to earn the company’s new $2,000-per-team bonus.
Southern Nevada’s Freight Corridor Gets the Vegas Treatment
The $1 billion Project Neon will widen Interstate 15 at the U.S. 95 interchange “Spaghetti Bowl,” commonly known for its bumper-to-bumper traffic — and accidents in Las Vegas.