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.
Former Transportation Lawyer James Hardman Dies at 86
James Hardman, a transportation lawyer and former general counsel of Dart Transit Co., died Aug. 8. He was 86.
Equity Group Buys Majority Stake in Chemical Hauler Odyssey
A private equity group has reached a deal to become the majority owner of Odyssey Logistics & Technology, a third-party logistics company specializing in chemical transportation.
Mississippi Transportation Commission Opposes Longer Combination Trucks
Legislation that would authorize the use of twin 33-foot trailers nationwide would decrease safety and damage freight infrastructure, the Mississippi Transportation Commission recently told a federal policymaker.
Kansas DOT Grants Help Ease Freight-Route Congestion
Certain cities in Kansas are using state Department of Transportation funding to reshape roads near distribution centers that draw freight congestion.
Trump’s Planned Infrastructure Boom Bumps Up Against Worker Shortage
President Donald Trump’s plan to boost the economy with millions of jobs rebuilding roads, bridges and ports has a snag, the construction industry says: There aren’t nearly enough skilled workers to fill them.
Companies Add More Jobs Than Forecast, ADP Data Show
Companies added more workers than forecast in August, indicating the U.S. job market remains solid, according to data released Aug. 30 from the ADP Research Institute in Roseland, New Jersey.
August 30, 2017Second-Quarter Growth Revised to 3% in Momentum Boost
U.S. second-quarter growth was revised upward to the fastest pace in two years on stronger household spending and a bigger gain in business investment, putting the economy on a stronger track, Commerce Department data showed Aug. 30.
August 30, 2017Wabco, Nexteer Sign Long-Term Cooperation Agreement
Wabco Holdings Inc. signed a long-term cooperation agreement with Nexteer Automotive, a provider of intuitive motion control, as it prepares for the advent of self-driving commercial vehicles, according to the company.
August 30, 2017FHWA Gives $25 Million to Texas Relief
Secretary of Transportation Elaine Chao announced Aug. 29 that the Federal Highway Administration will make $25 million in emergency relief funds available to Texas in order to repair some of the damage wrought by Hurricane Harvey.
August 29, 2017Impact of 'Phased-In' ELD Mandate
TT's Seth Clevenger and Eric Miller discuss the impact of the Aug. 28 announcement that CVSA will employ a "phased-in" enforcement of the electronic logging device mandate that takes effect Dec. 18, 2017.
August 29, 2017