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.
US Can Import Canadian Trucks That Follow Safety Standards, NHTSA Says
The National Highway Traffic Safety Administration announced Jan. 2 in the Federal Register that Canadian-made vehicles that do not comply with federal motor vehicle safety standards but adhere to comparable Canadian standards are eligible for importation into the United States.
Largest Automated Container Terminal Begins Operation in China
A $2.15 billion fully automated container terminal started operating at Shanghai’s Yangshan Port.
Eaton Expects About $100 Million Expense From New Tax Law
Component supplier Eaton Corp. reported it expects a one-time tax expense of between $90 million and $110 million as a result of the new Tax Cuts and Jobs Act.
January 2, 2018QRC Logistics Cuts Ribbon on New Canadian Warehouse
QRC Logistics, a Canadian third-party logistics firm, opened a new 289,000-square-foot warehouse in Ontario on Dec. 20.
January 2, 2018Rep. Bill Shuster Won't Seek 10th Term
Rep. Bill Shuster (R-Pa.), chairman of the House Transportation and Infrastructure Committee, announced Jan. 2 that he will not seek re-election.
Federal-Mogul Expands Product Portfolio, Rewards Program
Component supplier Federal-Mogul Motorparts expanded its product portfolio for the heavy-duty market and its loyalty programs to reward technicians who work on heavy-duty vehicles.
January 2, 2018Icy Rivers Slow New York Barges Trying to Deliver Heating Fuel
Shivering New Yorkers may have to pay more to get warm as ice in the Hudson River delayed fuel-barge deliveries and the U.S. government warned of a home heating-fuel shortage from the East Coast to Texas.
DHL, Campbell Soup Generate New Jobs in North Carolina
DHL Supply Chain and Campbell Soup Co. will deliver a gift to warehouse workers in North Carolina: 140 new jobs.
January 2, 2018UPS Touts Record Number of Package Returns This Holiday Season
Some 1.4 million packages are expected to be sent back to retailers on Jan. 3, according to UPS Inc., which has dubbed the massive return-to-sender day “National Returns Day.”
Outlook for US Corporate Earnings Is at a Six-Year High
Wall Street doesn’t think corporate America will have a hard time coming up with those employee bonuses that were promised after taxes were slashed.