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.
New York’s Road Carriers Local 707 Pension Fund Goes Insolvent
The Road Carriers Local 707 Pension Fund in Hempstead, New York, has gone insolvent and received protection by the Pension Benefit Guaranty Corp. to issue benefits to retirees.
March 15, 2017Volvo Trucks Adds Safety Features to I-Shift Automated Manual Transmissions
Volvo Trucks North America introduced safety and performance features Auto Neutral and Paver Assist for its Volvo I-Shift, I-Shift for Severe Duty and I-Shift with Crawler Gears automated manual transmissions.
March 15, 2017Cowan Systems Purchases Dick Harris & Son Trucking
Jim Harris, whose family owned Dick Harris & Son Trucking Co. Inc. for nearly 50 years, sold his business at the end of February to Cowan Systems, another family-owned company, which began in 1924.
Homebuilder Confidence Rises to Highest Since June 2005
Confidence among U.S. homebuilders is the strongest since the mid-2000s housing boom as sales prospects improve despite rising mortgage rates, according to data March 15 from the National Association of Home Builders/Wells Fargo.
Retail Sales in February Post Smallest Gain in Six Months
U.S. retail sales in February posted the smallest gain in six months, indicating a tempering of the consumer spending that’s been carrying the economy.
Consumer Prices Show Biggest Annual Increase Since 2012
The U.S. cost of living rose in February, while prices increased from a year ago by the most since March 2012, reinforcing the view that inflation is in line with the Federal Reserve’s goal.
FMCSA to Review ELDs, Entry-Level Policies at MATS
Federal trucking regulators intend to host seminars on the minimum training requirements for entry-level drivers and the implementation plan for electronic logging devices at the Mid-America Trucking Show next week.
Capitol Agenda for the Week of March 14: The View From Jim Burnley
Former U.S. Department of Transportation Secretary Jim Burnley weighs in on regulations, P3s, TIGER grants and more in a one-on-one interview with TT's Eugene Mulero. Here's the week ahead for trucking on Capitol Hill.
Cities Shop for $10 Billion of Electric Vehicles to Defy Trump
Dozens of U.S. cities are willing to buy $10 billion of electric cars and trucks to show skeptical automakers there’s demand for low-emission vehicles, just as President Trump seeks to review pollution standards the industry opposes.
US Retail Sales of Class 8 Trucks Drop in February
U.S. retail sales of Class 8 trucks in February fell 29.5% from a year earlier, as all truck makers posted double-digit declines, WardsAuto.com reported.
March 14, 2017