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.
Longshoremen’s Union Pledges to Fight Port Automation as Execs Call it Inevitable
The head of the International Longshoremen’s Association plans to fight efforts to automate terminals as part of the negotiations beginning in February on a new contract to cover 65,000 dockworkers. However, a panelist at the 2017 Transportation Research Board conference described it as inevitable.
Amazon to Create 100,000 Jobs in US in Next 18 Months
Amazon.com Inc. revealed plans to hire more than 100,000 people in the United States in the next 18 months, grabbing the spotlight as President-elect Donald Trump pushes companies to employ more Americans.
Meyers to Close Canadian LTL Operations
Meyers Transportation Services announced it is shutting down its less-than-truckload freight carrier operating in Canada after 90 years in business due to poor economic conditions and increased competition in the market.
January 12, 2017Port of Portland Director Bill Wyatt to Retire in June, Setting Up Leadership Debate
Bill Wyatt, the Port of Portland's executive director since 2001, will retire at the end of June, the port announced June 11.
Ports Turn to Natural Gas in Quest for Cleaner Marine Fuel
The tightening of emissions limits for deep-water ships has some of North America’s busiest ports chasing a new opportunity.
Import Prices Rise on Petroleum
U.S. import prices rose in December, boosted by higher prices for petroleum products, but a strong dollar kept underlying imported inflation subdued.
Applications for US Jobless Benefits Rise Less Than Expected
Fewer Americans than forecast filed applications for unemployment benefits last week, showing a healthy job market at the start of 2017.
Drones, 3-D Printing to Speed Change in Freight Transportation
WASHINGTON — While freight transportation has undergone enormous change over the past quarter-century, even more is coming and very quickly, driven by demanding customers and an amazing array of technology that might actually allow carriers to satisfy shippers.
Ports on Both Coasts Post Record-High Container Traffic in 2016
It was a record-setting year in 2016 for several of the top North American container ports, although the Hanjin Shipping Co. bankruptcy filing in August dashed hopes for a strong showing at the country’s second-largest port.
ATA’s Chris Spear Named to USDOT Committee on Automation
Chris Spear, President of American Trucking Associations, is one of 25 members of a U.S. Department of Transportation advisory committee on automation that was announced Jan. 11.