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.
Scott Wheeler Named Daseke President
Daseke Inc. named Chief Financial Officer Scott Wheeler its new president, replacing company founder Don Daseke, who will continue as CEO. Wheeler, who also is a Daseke board member, will remain the CFO.
January 16, 2018Maersk, IBM Form New Blockchain Company for International Cargo
IBM and A.P. Moeller-Maersk A/S have started a company that will use new technologies such as blockchain, a digital ledger best known for underpinning bitcoin, to track cargo movements and automate paperwork for shipping across international borders.
Trailer Orders Surge in December, Close in on All-Time High
U.S. trailer orders soared in December to record levels — the second-highest all-time, according to one analyst — as manufacturers ended a busy, successful year on a high note.
January 12, 2018Storm Disrupts FedEx Hub, Causes Some Flight Cancellations at Memphis Airport
FedEx said a winter storm caused substantial disruptions to FedEx Express flights and sorting at Memphis and Indianapolis hubs Jan. 12.
Gov. Brian Sandoval's State of the States Address Highlights Highway Trust Fund
Stabilizing the Highway Trust Fund is a pressing concern that needs to be resolved with statewide collaboration and federal support, according to Nevada Gov. Brian Sandoval.
The Real NAFTA Problem Is With Canada, Not Mexico, Ryan Says
U.S. House Speaker Paul Ryan said the biggest problem with the North American Free Trade Agreement “comes from the North,” with Canadian dairy producers dumping low-cost products on the market to compete with Wisconsin farms.
California Mudslides Send Truckers Searching for Detours
Truckers hauling goods and materials south through California’s San Luis Obispo County are facing longer drives and indefinite delays after deadly mudslides closed Highway 101 in Santa Barbara County.
Chamber Hosts Infrastructure Event Jan. 18
Strategies for modernizing the country’s transportation network will dominate panel discussions at the U.S. Chamber of Commerce Jan. 18.
Former Pilot Flying J President’s Pay Doubled to $26.9 Million During Fraud Scheme, Records Show
CHATTANOOGA, Tenn. - Federal prosecutors have long insisted the goal of a fraud scheme at Pilot Flying J was to boost the truck stop giant’s profit and market share, and this week they served up numbers to try to prove it.
Class 8 Sales Jump 43% in December to Cap Strong 2017
U.S. Class 8 retail sales in December cleared 22,000 for the highest volume since mid-2015, WardsAuto.com reported, as analysts forecast higher volumes for the year ahead.