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.
CSX Stock Stabilizes Days After Death of CEO
CSX’s stock rose slightly Dec. 18 despite the death of the man who had been hired to bring the railroad new profitability.
Navistar Finishes Strong, Reports Profitable 4Q, Fiscal Year
Navistar International Corp. reported net income and revenue increases for its fiscal year fourth quarter and full-year periods amid higher demand for its International brand trucks. It was the company’s second-consecutive profitable quarter, and only its third profitable quarter over the last 21 quarterly periods.
December 19, 2017Oil Trades Near $57 as US Crude Stockpiles Seen Extending Drop
Oil traded near $57 a barrel for a third day before data expected to show that surplus crude inventories in the U.S. continued to diminish as global markets rebalance.
Single-Family Housing Starts Rise to Highest in a Decade
Groundbreaking on single-family homes proceeded in November at the strongest pace in a decade, driving U.S. housing starts to a faster-than-estimated rate, government figures showed Dec. 19.
December 19, 2017Canada Announces ELD Proposal as US Mandate Takes Hold
As the electronic logging device mandate takes effect in the United States, Canada has published its own first draft of rules that would require the devices for truck drivers.
FMCSA Proposes Revised Hours-of-Service Personal Conveyance Guidance
Federal trucking regulators have proposed revised regulatory guidance for truckers driving a commercial motor vehicle for personal use while off-duty.
California Approves $663 Million for Clean Trucks, Buses
The California Air Resources Board approved a $663 million clean transportation plan Dec. 14 in an effort to increase the use of environmentally friendly trucks, buses and cars.
Capitol Agenda for the Week of Dec. 18: Private Activity Bonds Stay in Tax Bill
Tax policy authorizers in the U.S. House pushed a bill that had dropped private activity bonds. Senate authorizers kept the exemption. The GOP tax bill is scheduled for a vote in the House on Dec. 19. House passage will lead to a vote in the Senate soon after. Here's a look at the week ahead for trucking on Capitol Hill.
Peloton Demonstrates Platoon System in Michigan
Peloton Technology recently demonstrated its driver-assist truck platooning system on Interstate 96 in Michigan with two Volvo VNL 670 trucks, featuring one following about 60 feet behind the lead truck.
December 18, 2017Sandhills Invests in FR8 Revolution
Trade publisher Sandhills Publishing invested an undisclosed amount in FR8 Revolution Inc., operator of the FR8Star.com marketplace for open-deck freight transportation carriers and shippers.
December 18, 2017