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.
Wisconsin DOT Head Mark Gottlieb Resigns, Dave Ross Named to Succeed Him
Three weeks after telling state legislators that Wisconsin’s transportation system would “deteriorate” if an estimated $1 billion funding shortfall wasn’t eased, Wisconsin Transportation Secretary Mark Gottlieb resigned on Dec. 27.
December 27, 2016Daseke to Go Public as Part of $626 Million Deal
Addison, Texas-based trucking company Daseke Inc. expects to go public early next year as part of a sale of the company to a Houston-based private equity firm, Hennessy Capital Acquisition Corp. II, in a $626 million debt and equity financed deal.
Diesel Average Rises to Yearly High, Up 1.3¢ to $2.54
The U.S. average retail price of diesel jumped 1.3 cents to $2.54 a gallon, according to the Department of Energy, as the price of oil rose past $52 a barrel as plans to cut production gelled.
December 27, 2016Holiday Sales May Have Jumped 4.9% in Biggest Gain Since 2005
Holiday shoppers abandoned their early reluctance and boosted spending as the season wore on, pushing U.S. sales to the biggest increase in more than a decade, according to research firm Customer Growth Partners.
Truckers Rely on the Pusher to Get Over California’s Donner Summit
With drought-defying snowstorms romping through the Sierra on a weekly basis, truckers once again are discovering how tough California’s Interstate 80 Donner Pass can be.
Amazon Starts Flexing Muscle in New Space: Air Cargo
A cargo plane emblazoned with "Prime Air" descended from an empty sky at Lehigh Valley International Airport in Pennsylvania on Dec. 20, 90 minutes from the bustle of New York City, loaded with crates of goods during the peak holiday shopping season.
NATSO’s Mullings Named to ATRI’s Research Advisory Committee
Lisa Mullings, president of the National Association of Truck Stop Operators, has been appointed to serve on the American Transportation Research Institute’s 2017-2018 Research Advisory Committee.
J.W. Speaker Offers New LED Headlight
LED lighting manufacturer J. W. Speaker Corp., developed a new 4-inch by 6-inch LED headlight for the heavy-duty trucking market, and said the headlight already meets a proposed federal safety rating.
December 27, 2016Maryland Applies to US DOT for Automated Vehicle Testing
Maryland wants to be the next state to join the automated vehicle revolution.
Court Rules Washington DOT Can't Be Held Liable for Skagit Bridge Collapse
A Skagit County Superior Court judge ruled Dec. 15 that the state Department of Transportation cannot be charged or held responsible for the Skagit River Bridge collapse in 2013.