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.
ABF Freight, Teamsters Set Negotiation Date
ABF Freight, the less-than-truckload carrier operated by ArcBest, announced that ABF and the Teamsters National Freight Industry Negotiating Committee have agreed to exchange initial proposals on Dec. 18 and 19, and begin negotiations on a new collective bargaining agreement the week of Jan. 7.
Senate Confirms Nominee for DOT’s Top Policy Post
The U.S. Department of Transportation will be staffed with a new policy leader after the Senate on Nov. 13 easily confirmed Derek Kan, formerly a general manager for Lyft.
Cold Carriers Hires Swift Exec Randy Savoy to Lead Growth
Trucking conglomerate Cold Carriers is planning to expand its growing presence in the temperature-controlled trucking sector with more acquisitions in 2018, building on deals it has made during the past few years, its recently named chief operating officer said.
October Medium-Duty Sales Rise as All Segments Post Gains
U.S. retail sales of medium-duty trucks in October remained strong amid broad-based demand, pushing past 18,000 units, according to WardsAuto.com.
Wholesale Prices Rose More Than Forecast in October
U.S. wholesale prices advanced more than forecast in October, boosted by higher margins at fuel retailers, a Labor Department report showed Nov. 13 in Washington. Compared with a year earlier, producer prices rose the most in more than five years.
November 14, 2017Tesla’s New Semi Already Has Some Rivals
Tesla Inc. will unveil its electric Tesla semi-truck on Nov. 16 in southern California. It’s all part of CEO Elon Musk’s “Master Plan Part Deux” in which he vowed to expand the company’s lineup to “cover the major forms of terrestrial transport.”
Frosty Jurors, Chilly Boss Among Five Things Heard, Seen in Pilot Flying J Fraud Trial
The temperature inside the Chattanooga, Tenn., federal courtroom Nov. 13 matched the temperature of the relationship between a Pilot Flying J executive on board with a fraud scheme and a salesman who wasn’t — frosty.
Defense Lawyer Uses Email to Point to Jimmy Haslam in Pilot Flying J Fraud Trial
With the owner of a trucking company thumbing his nose at anything Pilot Flying J offered to garner his loyalty, Arnie Ralenkotter went straight to the top of the truck stop giant, emails showed.
Diesel Climbs 3.3¢ to $2.915 a Gallon
The U.S. average retail price of diesel rose 3.3 cents to $2.915 a gallon as oil hovered near $57 a barrel amid mounting talk of the glut of oil receding.
Seattle DOT Saves $500,000 With Road Work Planning App
The Seattle Department of Transportation has saved more than $485,000 since August with an app that allows the city to coordinate with other entities on construction projects involving road work.