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.
Haldex Names Åke Bengtsson CEO
Haldex appointed Åke Bengtsson president and chief executive officer.
September 29, 2017Port of Baltimore Breaks Records for Containers, General Cargo in 2017 Fiscal Year
The port of Baltimore handled a record-breaking 10.3 million tons of general cargo and nearly 908,000 20-foot- equivalent units of containers in the 2017 fiscal year ending June 30, the Maryland Port Administration announced Sept. 28.
TQL Updates Its Freight Brokerage App
Total Quality Logistics has updated its freight brokerage app to allow owner-operators to find and book loads.
September 29, 2017US Demands Risk Scuttling NAFTA Talks
U.S. officials in NAFTA negotiations are making proposals on battleground issues that Canada and Mexico would never agree to, intensifying doubts of reaching compromise on their tight timeline, according to three officials familiar with the talks.
Trump Touts Tax Plan at Manufacturers Association Board Meeting
WASHINGTON — President Donald Trump touted the business benefits of his “simple and fair” tax reform plan Sept. 29 at the National Association of Manufacturers’ annual board meeting.
Senators Debut Bill Mandating Sleep Apnea Testing
U.S. Sens. Charles Schumer and Cory Booker have announced new legislation that would require the U.S. Department of Transportation to test train operators and commercial bus and truck drivers for obstructive sleep apnea.
XPO Pilot Testing Last-Mile Web Service
XPO Logistics is testing a web service that allows people who purchased appliances, furniture or other large items to track deliveries and receive e-mail or text message alerts about whether the driver is on time or delayed due to traffic or weather.
Consumer Sentiment Cools as Storms Deliver Hit to Outlook
Concern over the fallout from a pair of late-summer hurricanes caused U.S. consumer sentiment to dip in September, though Americans remain relatively optimistic about the direction of the economy, a University of Michigan survey showed Sept. 29.
Consumer Spending Cools on Drop in Vehicle Purchases
U.S. consumer spending cooled in August on a cutback in auto purchases that partly reflected less demand linked to Hurricane Harvey, Commerce Department figures showed Sept. 29.
September 29, 2017Inaugural NACV Draws Top Fleet Execs, Praise
ATLANTA — North American truck makers and their customers wrapped up the first of a new option for shopping for and even buying Class 8s, with manufacturers producing large, elaborate displays for a limited number of high-probability buyers: top fleet executives.