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.
Sen. James Inhofe: Every Funding Option for an Infrastructure Plan ‘On the Table’
WASHINGTON — A funding proposal for the country’s infrastructure system would likely entail myriad options, such as public-private partnerships and raising taxes on fuel, the former chairman of the Senate transportation committee told reporters May 16.
Werner to Implement MacroPoint’s Load Tracking Platform
Werner Enterprises will implement MacroPoint’s freight tracking platform in its North American logistics business, the companies said in a joint announcement.
May 16, 2017Averitt, Old Dominion Rated Top Carriers in Mastio Survey of Shippers
Averitt Express and Old Dominion Freight Line Inc. are the country's highest-rated privately held and publicly traded less-than-truckload carriers, respectively, according to a survey of more than 2,000 shippers in the United States that Mastio & Co. conducted last year.
Congestion Costs Trucking Industry $63.4 Billion, ATRI Report Says
Bumper-to-bumper traffic along the country’s highways resulted in operational costs to the trucking industry of more than $63.4 billion in 2015, a new report by the American Transportation Research Institute found.
Trailer Orders Exceed 20,000 in April
U.S. orders for trailers in April were about 20,000 and posted strong year-over-year gains, analysts said.
Recruiting Minority Drivers Key to Reshaping Trucking's Image, Demographer Says
AUSTIN, Texas — The trucking industry needs to increase driver pay, change the image of the profession and hire more minority job seekers to mitigate the driver shortage, a demographer told transportation executives.
UPS Expands Express Critical Services in Europe
UPS Inc. is launching its Express Critical delivery service in Europe in response to demand for urgent shipments that require special handling, such as aircraft parts or surgical tools.
May 16, 2017Drops in US Housing Starts, Permits Show Sector Weakness
Unexpected declines in U.S. new-home construction and building permits in April indicate the market is off to a weak start this quarter, government data showed May 16.
Uber Ordered to Return Stolen Waymo Files
SAN FRANCISCO — Uber Technologies Inc. must promptly return stolen confidential files to Alphabet Inc.'s Waymo self-driving car unit, a federal judge ruled May 15, while stopping short of shutting down the ride-services company's autonomous car program.
Clean Energy Fuels Appoints Frank Meyer President of Compression Unit
Clean Energy Fuels Corp. appointed Frank Meyer president of subsidiary Clean Energy Compression.
May 16, 2017