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.
Volvo, Mack to Display at ExpoCam
Volvo Group’s two North American brands will display vehicles at ExpoCam, the Montreal-based truck show, including a new tractor for Volvo Trucks.
April 18, 2017Factory Output Falls Most Since August Amid Drop in Autos
Output at U.S. manufacturers fell in March by the most since August as production of automobiles and parts and business equipment declined, Federal Reserve data showed April 18.
Housing Starts Fell in March to a Four-Month Low
New-home construction in the United States cooled in March to a four-month low as starts of single-family properties settled back from the strongest pace in almost a decade, Commerce Department data showed April 18.
Oil Trades at One-Week Low on Signs of Rebound in US Supplies
Oil traded at its lowest in more than a week in New York on signs U.S. production is continuing to recover, undermining OPEC’s efforts to clear a global glut.
Year-Over-Year Gains Continue as Trailer Orders Top 21,000
U.S. trailer orders cruised past 21,000 in March, extending the streak of year-over-year gains to four months, ACT Research said.
April 17, 2017XPO Logistics Employees Reject Unionization at Two Illinois Facilities; OK It in Trenton, N.J.
Employees at XPO Logistics Inc.’s less-than-truckload facilities in Aurora and Elgin, Ill., voted against representation by the Teamsters union, the company said April 17.
April 17, 2017Diesel Rises 1.5¢ to Tie Highest Price of Year at $2.597
The U.S. average retail price of diesel rose 1.5 cents to $2.597 a gallon, putting it in a tie for the highest price this year, also reached Jan. 9.
April 17, 2017Top Highway Authorizers Call for Trust Fund’s Long-Term Fix
An overhaul of tax policy should include a long-term solution for the Highway Trust Fund, the top authorizers of highway projects plan to say to their tax policy counterparts.
CEO of Trucking Supplier Arconic Exits After ‘Poor Judgment’
Elliott Management Corp. vowed to continue a fight to replace board members from trucking supplier Arconic Inc. even after the main source of its dissatisfaction, CEO Klaus Kleinfeld, stepped down.
Knight-Swift Merger Analysis
Transport Topics' Joe Howard and Daniel Bearth discuss the April 10, 2017, Knight-Swift merger news: Why it happened and what it means for the truckload sector. Read more at bit.ly/TTKnightSwift (Joseph Terry/Transport Topics)
April 17, 2017