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.
Medium-Duty Sales Rise Slightly in March
U.S. retail sales of medium-duty trucks in March notched a slight gain as they pushed past the 20,000 level, WardsAuto.com reported.
Consumer Prices Rise 2.4% From Year Earlier
WASHINGTON — U.S. consumer prices rose 2.4% in March from a year earlier, the fastest annual pace in 12 months.
Senate Considers Presidential Nominees for Surface Transportation Board
The Senate Committee on Commerce, Science and Transportation is one step closer to doubling the number of members who sit on the Surface Transportation Board. The committee convened a hearing April 11 to consider Patrick Fuchs and Michelle Schultz to serve as members of the board.
3PLs Enjoy Solid 4Q Revenues
Third-party logistics firms saw total shipments rise in the fourth quarter of 2017, sending revenue and invoice amount-per shipment values jumping, but not enough to improve profits, according to the 3PL Market Report from the Transportation Intermediaries Association.
Allen Lund, Founder of Freight Brokerage Firm, Dies
Allen Lund, founder of third-party transportation broker Allen Lund Co., died April 7 after recently being diagnosed with cancer. He was 77.
April 11, 2018LiveOnWeb Preview: Logistics, Accelerated
Transport Topics Executive Editor Joe Howard previews the April 18 LiveOnWeb program, Logistics Accelerated, which looks at innovation and technology that is shaping the logistics industry.
April 11, 2018Driver Engagement Critical Issue for Cars That Steer Themselves
After partially faulting Tesla’s automation system for a 2016 fatal crash, U.S. safety investigators in 2017 called on carmakers to do more to ensure drivers stay engaged as next-generation cars start to steer themselves.
April 11, 2018Carl Icahn’s $5.4 Billion Exit Strategy Soothes Auto Parts Retailers
It’s hard to be frenemies in business. Carl Icahn is selling auto-parts maker Federal-Mogul to competitor Tenneco Inc. for $5.4 billion
April 11, 2018Omnitracs Hires Key Executives
Transportation management systems company Omnitracs appointed Kent Norton chief technology officer. Greg Nelson was named chief commercial officer.
April 11, 2018New Hampshire Road Usage Fee Proposal Moves to Senate Hearings
With cars becoming more fuel-efficient, the revenue from gasoline taxes is declining, leaving New Hampshire with inadequate funds to maintain roads and bridges, according to state Rep. Norman Major (R-Plaistow), chairman of the House Ways and Means Committee.