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.
Manufacturing Production in Rises for Sixth Straight Month
Output at U.S. manufacturers rose in February for a sixth consecutive month, underscoring a sustained rebound in the industry.
USA Truck's Trucking Division President Martin Tewari Resigns in Latest Shakeup
Martin Tewari, the president of the trucking division at USA Truck Inc., resigned from his job on March 13, according to a company filing with the Securities and Exchange Commission.
March 16, 2017U.S. Xpress Founder Max Fuller Turns Over CEO Job to Son
U.S. Xpress Enterprises Inc. founder Max Fuller has turned over the reins of his company to his son Eric Fuller, although the elder will remain as executive chairman to focus on long-term strategy, industry innovation, talent development and equipment, the company announced March 16.
March 16, 2017Teamsters Ask Appeals Court to End Mexican Trucks Program
Attorneys for the Teamsters asked a three-judge panel of the 9th U.S. District Court of Appeals in San Francisco to end the Mexican trucks program because a three-year pilot program did not draw a large enough sample to prove that Mexican carriers can operate safely on U.S. highways.
TIGER Grants Unfunded in Trump’s First Budget Pitch
The U.S. Department of Transportation grants designed to assist states and municipalities with advancing significant infrastructure projects would be denied funds under President Trump’s fiscal 2018 budget proposal unveiled March 16.
March 16, 2017Housing Starts Climbed to Four-Month High in February
Beginning construction of U.S. houses climbed to a four-month high in February, led by the strongest pace of single-family homebuilding in nearly a decade.
Fewer Americans Filed Claims Last Week for Jobless Benefits
Fewer Americans than forecast filed applications for unemployment benefits last week, underscoring a sturdy job market.
Trailer Orders Rise in February as Cancellations Reach Five-Month High
U.S. trailer orders climbed past 26,000 or about 24% higher, year-over-year, as cancellations increased to the highest level in five months, ACT Research Co. reported.
March 15, 2017Roadside Inspections, Food Safety Law Spur Increase in Tractor, Trailer Washes
Regular tractor and trailer washes are helping fleets stave off problems during roadside inspections, extend equipment life and improve public perception. In addition, new government regulations — particularly for food safety — are leading to an uptick in wash intervals and documentation.
Kenworth’s T880 Now Available in All-Wheel Drive
Kenworth Truck Co.’s flagship construction truck, the T880, now is available in an all-wheel drive configuration.
March 15, 2017