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.
Teamsters Reach Tentative Deal on Car Haulers Contract
The International Brotherhood of Teamsters reached a tentative agreement Jan. 24 with the National Automobile Transporters Labor Division on a contract to cover union car haulers.
January 24, 2017Trump Nafta Revamp May Hinge on Partners’ Readiness to Talk
President Donald Trump put neighboring Canada and Mexico on notice: he’s determined to wring out more favorable terms from Nafta. Now comes the hard part of reworking a trade deal that’s framed relations for more than two decades.
ATA Tonnage Down in December, But Other Trucking Data More Positive
Truck tonnage decreased 0.7% in December, the third and final year-over-year decline in 2016 in the monthly index from American Trucking Associations, but analysts and economists remain optimistic that 2017 will a better year for the industry.
Christmas Ham Fat Used to Make Renewable Diesel Fuel
Finnish company Neste used waste fat from Christmas hams to produce about 2,641 gallons of its renewable diesel fuel, according to the oil refining and marketing firm.
January 24, 2017FedEx CEO Calls Trump's Withdrawal From Trade Deal 'Unfortunate'
U.S. President Donald Trump should reconsider his positions on international trade and work to embrace China and its vast market, FedEx Corp's CEO said Jan. 24, one day after Trump made good on a campaign promise to pull out of a major trade deal with Asian allies.
Canadian Pacific Separation Deal With Harrison Stokes CSX Speculation
Canadian Pacific has reached a separation agreement with CEO Hunter Harrison effective at the end of the month, according to a filing with the Securities and Exchange Commission, which could stoke speculation that he and private investor Paul Hilal will attempt to assume control at rival railroad CSX.
January 24, 2017Boston Looks to Revamp Roads as 6,000 Trucks a Day Rattle High-Priced Condos
Container and delivery trucks are rumbling through South Boston and the Seaport 6,000 times a day on average, according to a new Massport survey, rattling the high-priced loft and condo tenants.
USA Truck Launches Military Transition Program
USA Truck in Van Buren, Arkansas, a national logistics company, has launched its Military Transition Apprenticeship Training Program to expand its outreach with U.S. military veterans.
With Political Leaders on Board, There Could Be Movement on Transportation Funding in Colorado
Colorado’s Department of Transportation has a $9 billion funding shortfall. That can be blamed partly on the state’s failure to raise its taxes of 20.5 cents per gallon on diesel and 22 cents on gasoline since 1992.
Existing US Homes Sales Fell in December, But 2016 Still Best in a Decade
Sales of previously owned U.S. homes declined more than forecast in December, data from the National Association of Realtors data showed Jan. 24. Still, sales for the full year were the strongest since 2006.