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.
DOT’s Wireless Connected Vehicle Pilot Program on Track for 2021 Completion
The Department of Transportation’s wireless connected vehicle pilot program, currently in its design, deployment and testing phase, is making progress at its demonstration sites in Wyoming, New York City and Tampa, Fla., the program’s manager told members of an agency advisory committee.
ELD Provision in Transportation Bill Missing Crucial Support in Congress
Legislation that would pre-empt state laws on meal and rest breaks for truckers and boost funding for truck safety grants was advanced by a House funding panel on July 17.
Harrison’s First Quarter as CEO of CSX Successful as Profits Increase 15%
Hunter Harrison’s first full quarter at the helm of CSX was successful as profits surged 15% year-over-year.
Celadon’s New Management Brings In Turnaround Specialists
Celadon Group Inc. is undergoing managerial changes as it faces the results of a third audit to see whether it overvalued hundreds of used trucks.
July 18, 2017Washington Tunes Into Fixes for Teamsters’ Failing Central States Pension
Secretary Steven Mnuchin met last week with 25 Teamsters retirees from groups in 15 states. They included Tom Schwarzenberger, who said the focus on possible solutions to the pension’s funding shortfall marked something of a milestone.
The Driver Shortage Is More Acute, Some Truckers Say
A cross section of trucking recently raised the threat level the driver shortage poses — a shortage that has grown old along with the industry, saying this time the situation is more acute than ever.
Logistics Plus to Expand Pennsylvania Headquarters
On July 13, Gov. Tom Wolf announced that Logistics Plus, which handles transportation and logistics around the world, will expand its headquarters in Erie’s Union Station, creating 44 new jobs.
Shippers Reluctant to Shift Freight Away From Trucks, but Intermodal Demand Could Rise
Fewer shippers moved their freight from truckload to intermodal in the second quarter, but a shift could occur with the December electronic logging mandate, according to two surveys.
ATA’s Tonnage Index Rises 1.3% for June
U.S. truck tonnage rose by 1.3% in June, compared with the same month in 2016, American Trucking Associations said July 18, and industry stakeholders expect steady, sustainable growth to last into 2018.
Homebuilder Sentiment Declines to an Eight-Month Low
Sentiment among American homebuilders deteriorated to an eight-month low in July on concerns about higher material costs, according to July 18 data from the National Association of Home Builders/Wells Fargo.