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.
Infrastructure Bill Expected in Summer, Rep. Graves Says
President-elect Donald Trump’s “massive” infrastructure plan probably will come “sometime this summer,” Rep. Sam Graves (R-Mo.) said at an aviation industry lunch in Washington.
Dana Reaches Broad Sales Agreement With Navistar, Issues 2017 Guidance
Dana Inc. entered into a multiyear commercial sales agreement with Navistar International Corp. for driveline components for on-highway, city-delivery, bus,and vocational vehicles.
January 10, 2017FMCSA Officials Call for More Traffic Enforcement, Prevention as Truck and Bus Fatalities Rise
WASHINGTON — A top Federal Motor Carrier Safety Administration official issued a “call to action” citing preliminary statistics showing that fatalities in crashes involving large trucks and buses increased 7%-8% in 2016.
Port of Seattle May Block Sale of Bankrupt Hanjin's Waterfront Operation
The Port of Seattle is objecting to the sale of the operations center at Terminal 46, where bankrupt South Korean shipping company Hanjin is trying to unload its business to one of the world’s largest cargo firms.
Job Openings Increase in November as Hiring Advances
Job openings ticked up in November as hiring expanded, signaling steady growth in U.S. employment, a Labor Department report showed Jan. 10.
Autonomous Trucks Hold Promise, But Sensible Regulation Is Needed, ATA’s Spear Tells TRB
WASHINGTON — Autonomous truck technology holds the potential to enhance safety, efficiency and productivity in the trucking industry, but its successful deployment hinges on regulations that help rather than hinder it, said Chris Spear, president of the American Trucking Associations.
Foxx Praises USDOT, Warns About Transportation’s Future as He Says Goodbye
WASHINGTON — In his final address to the transportation community Jan. 9, outgoing U.S. Transportation Secretary Anthony Foxx emphasized the importance of freight movement.
Diesel Climbs Again, Up 1.1¢ to $2.597 a Gallon
The U.S. average retail price of diesel increased 1.1 cents to $2.597 a gallon, according to the Department of Energy, as more U.S. wells came online and the price of oil slipped.
January 9, 2017Port of Charleston Sets Container Volume Record in 2016
The Port of Charleston set a new record for container traffic in 2016, the South Carolina Ports Authority announced Jan.9.
January 9, 2017UPS Acquires U.K.-Based Freightex
UPS Inc. acquired Freightex, a United Kingdom-based asset-light logistics services provider that will provide a “new global and regional growth platform” from an established base of customers and carriers, it said.
January 9, 2017