Business

About Business News...

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.

Government, Business

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.

Laura Curtis | Bloomberg News
January 10, 2017
Business

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, 2017
Special Coverage, Business

FMCSA 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.

Eric Miller | Senior Reporter
January 10, 2017
Business, Logistics

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.

Mike Rosenberg | The Seattle Times
January 10, 2017
Business

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.

Shobhana Chandra | Bloomberg News
January 10, 2017
Special Coverage, Business

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.

Seth Clevenger | Managing Editor, Features and Multimedia
January 10, 2017
Special Coverage, Business

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.

David Elfin | Staff Reporter
January 9, 2017
Business, Fuel

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, 2017
Business

Port 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, 2017
Business

UPS 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