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.
Late Fees Burn Refrigerated Carriers
The fines that several grocery chains have implemented for late deliveries are receiving pushback from carriers, but a concerted effort to fight the policies hasn’t materialized yet.
US Consumer Confidence Dips in December but Remains High
Americans were a bit less confident this month than they were in November, but their spirits remained high during the holiday shopping season.
China’s Geely Buying Stake in Swedish Truck Maker Volvo
BEIJING — The Chinese owner of Sweden’s Volvo Cars is buying a stake in truck manufacturer AB Volvo, expanding a portfolio of vehicle brands that includes shares in Malaysia’s Proton and Britain’s Lotus.
December 27, 2017FMCSA Grants Agriculture and Livestock Haulers ELD Waiver
Federal trucking regulators have granted a 90-day waiver to agricultural commodities and livestock haulers from installing electronic logging devices in their trucks, and issued a separate clarification on potential miles that are exempt from hours-of-service requirements for agriculture haulers.
Capitol Agenda: The Best of 2017
No matter your place on the political spectrum, it is undeniable passage of the Republican-led tax reform measure was a monumental feat. This week we highlight our favorite news items from Capitol Agenda in 2017.
Diesel Inches Up 0.2¢ to $2.903; Oil Nears $60 a Barrel
The U.S. average retail price of diesel inched up 0.2 cent to $2.903, as oil climbed over $59 a barrel to the highest level since June 2015 amid forecasts of tighter supplies.
Retailers Balance Post-Holiday Returns Between In-Store and 3PL Options
In November and December, online shoppers surfed their favorite websites and sent holiday gifts to the front doors of homes nationwide. In January, the last-mile supply chain shifts in reverse as Americans return the items they don’t like.
Sales of Used Class 8 Trucks Rise 16% in November
Sales of used Class 8 trucks climbed in November, rising 16% year-over-year as the inventory of available trucks has fallen sharply, according to ACT Research Co.
Transportation Secretary Elaine Chao Helps Kick Off New Dixie Highway Project in Louisville
Louisville, Ky., kicked off construction for the New Dixie Highway project Dec. 22 with an event featuring Secretary of Transportation Elaine Chao.
Explosion Occurs in Pipeline to Libya’s Biggest Oil Terminal
Libya’s oil industry revival suffered a setback Tuesday after an explosion at a pipeline carrying crude to the OPEC nation’s biggest export terminal. Oil rallied.