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.
How FedEx Is Coping With Hurricane Harvey's Impact
FedEx temporarily suspended some services in Houston and other areas devastated by Hurricane Harvey
Lean Inventory Drives Home-Price Gain in 20 US Cities
Steady growth in home prices in 20 U.S. cities in June reflects a limited number of available houses for sale, according to S&P CoreLogic Case-Shiller data released Aug. 29. Nationwide, values posted their largest advance in three years.
August 29, 2017Volunteer Fleets Offer Aid During Harvey
Delivery companies in Texas are responding to a call for volunteers from the Texas Trucking Association to provide rescue efforts and transport supplies to those affected by the remnants of Hurricane Harvey.
As Harvey Rages in Texas, Diesel Starts to Climb
The U.S. average retail price of diesel rose 0.9 cent to $2.605 a gallon as Hurricane Harvey wound down to a tropical storm after it disrupted oil production platforms and fuel refineries along the Gulf Coast of Texas before inundating Houston.
Federal Regulators Tout Autonomous Technology in Policy Update
U.S. Department of Transportation leaders reaffirmed their commitment to ensure the adoption and implementation of automated technologies across transportation modes, the agency indicated in a new policy document.
Used Class 8 Truck Sales Rise, Prices Stable in July
Sales of used Class 8 trucks improved in July, rising 19% year-over-year and 20% year-to-date, ACT Research Co. reported.
United Rentals to Acquire Neff Rentals for $1.3 Billion
United Rentals Inc. is making its second acquisition this year, offering to buy Miami-based Neff Rentals for $1.3 billion and terminating a previously announced merger between Neff and H&E Equipment Services.
Aerospace Freight Forwarder Aerostar Acquires Professional Freight Solutions
Aerostar Global Logistics, a freight forwarder that works mostly with aerospace clients, has acquired Professional Freight Solutions, which provides transportation management services, auditing and rate negotiations and supply chain consulting.
August 28, 2017Watch: Trucker Rescued After Being Stranded in Houston Floodwaters
A truck driver who was stranded in about 10 feet of water on a Houston freeway Aug. 27 was pulled from his cab by Harris County sheriff’s deputies who were alerted by a television news crew that captured the rescue live.
August 28, 2017Stella Environmental Holdings Purchased by Hidden Harbor Capital Partners
Hidden Harbor Capital Partners has acquired Stella Environmental Holdings Inc., a company that hauls municipal solid waste to landfills and manages waste transfer stations.
August 28, 2017