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.
E-Commerce Fuels Cargo Surge at Chicago Rockford International Airport
More than 1.3 billion pounds of cargo made its way through Chicago Rockford International Airport last year, a nearly 50% increase over 2016.
Diesel Dips 0.3¢ to $3.025 a Gallon
The U.S. average retail price of diesel dipped 0.3 cent to $3.025 as the cost of crude slipped and remained just below $64 a barrel.
Advocates Name Best, Worst States for Highway Safety Law Enforcement
Rhode Island received top marks on an advocacy group’s recent report card that evaluates states on their ability to enforce highway safety laws.
Capitol Agenda for the Week of Jan. 22: The Mayors Come to Washington
Mayors across America still are waiting for the White House’s infrastructure plan as cities continue to cope with highway congestion. Many of them will be in Washington this week for the U.S. Conference of Mayors’ winter meeting. Here's a look at the week ahead for trucking on Capitol Hill.
FMCSA Grants Truck Leasing Group 90-Day ELD Exemption
Federal regulators have granted the Truck Renting and Leasing Association a 90-day electronic logging device exemption for rentals not exceeding 30 days.
California Gas Tax Repeal Headed for Ballot as Money About to Flow for Road Repairs
People rolled through Rock Auto in El Cajon, Calif., in droves this month to sign a petition to overturn Gov. Jerry Brown’s so-called gas tax.
Bringg Receives $12 Million in New Funding
Bringg, a software firm based in Tel Aviv, Israel, that offers a delivery logistics platform for companies including Coca-Cola, Panera Bread and Kimberly-Clark, has raised $12 million in new funding from automotive executive Shmuel Harlap, billionaire investor Eyal Ofer and Salesforce Ventures.
January 22, 2018Maryland Governor Offers Tax Incentives, Road Improvements to Lure New Amazon HQ
Maryland Gov. Larry Hogan has announced sweeping tax legislation to accompany an incentive package that devotes billions to transit and infrastructure in an effort to entice Amazon into building its second headquarters in the state.
IMF Raises 2018 Global Growth Forecast, Partly on US Tax Cuts
Global growth will accelerate to the fastest pace in seven years as U.S. tax cuts spur businesses to invest, the International Monetary Fund said.
Ryder Appoints Rajeev Ravindran Chief Information Officer
Ryder System Inc. announced the appointment of Rajeev Ravindran to the position of chief information officer.
January 22, 2018