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.
‘Stars Really Are Aligning’ on Infrastructure Funding, AASHTO Official Says
ALEXANDRIA, Va. — Washington’s legislative landscape is fertile for advancing a long-term infrastructure funding package this year, a senior official with the group representing state transportation directors said March 29.
Oil Traders Warn There's a Supply Crunch Looming
The oil market is risking a supply crunch as producers cut spending on major projects to focus on short-term low-cost shale output in the United States, some of the top crude and products traders said.
Pending Sales of Existing Homes Rise Most Since 2010
Contracts to buy previously owned U.S. homes jumped in February by the most since July 2010, according to figures released March 30 by the National Association of Realtors in Washington.
Port of New York and New Jersey Handles Record Container Traffic for a February
Container traffic at the Port of New York and New Jersey continued at a strong pace with February 2017 activity setting a record for the busiest February ever at the port.
March 28, 2017White House to Take Up Tax Reform, Infrastructure Funding Plans, ATA Official Says
ALEXANDRIA, Va. — The Trump administration and the Republican-led Congress will try to advance an overhaul of tax policy and infrastructure funding measures after their attempt to reform health care, a senior official with American Trucking Associations informed industry officials March 28.
Grupo Mexico to Buy Florida East Coast Railway for $2.1 Billion
Mexican miner Grupo Mexico said on March 28 it had acquired Florida East Coast Railway for $2.1 billion, a rare acquisition that comes as U.S. President Donald Trump has been trying to renegotiate trade ties between the two countries.
Used Class 8 Truck Sales Continue to Climb
Used Class 8 truck same dealer sales volumes improved for a second consecutive month in February, according to ACT Research Co.
March 28, 2017Number of FMCSA-Certified Medical Examiners Reaches 52,000
ALEXANDRIA, Va. — The number of medical examiners certified by the Federal Motor Carrier Safety Administration has reached more than 52,000, a top agency official said March 28.
James Powers Resigns as President of UniGroup Inc.
UniGroup, the parent company of United Van Lines, Mayflower Transit and other transportation related companies, announced that its president, James Powers, resigned his position to pursue other personal interests.
March 28, 2017ATA Names Robert Braswell Acting Executive Director of TMC
Robert Braswell, technical director of American Trucking Associations’ Technology & Maintenance Council, has been appointed acting executive director of the organization, ATA announced March 27.
March 28, 2017