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.
Kansas Freight Brokerage Firm Doubles in Size for Fourth Year
King of Freight, a Wichita, Kansas, trucking brokerage, is doubling in size and employees — again.
Stemco Offers Axle Fastener
Stemco released its Zip-Torq axle fastener intended to streamline the wheel end bearing adjustment with its single-piece design, the commercial vehicle component supplier said.
December 15, 2016Record Number of Americans Taking Holiday Road Trips, AAA Says
AAA reports more than 103 million Americans — the most on record — are expected to travel for the year-end holidays.
New Isuzu Class 6 Truck to Come with Dana Components
Dana Inc. announced it will supply axles and driveshafts for the 2018 Isuzu FTR from Isuzu Commercial Truck of America.
December 15, 2016Jobless Claims Decrease to Lowest Level in Three Weeks
Fewer Americans filed applications for unemployment benefits last week, validating the Federal Reserve’s view of a vigorous labor market.
Consumer Prices Increase for Fourth Consecutive Month
The cost of living in the U.S. rose for a fourth straight month, adding to signs that inflation is approaching the Federal Reserve’s goal.
Scarce Truck Parking Hurts Bottom Line, New Study Shows
Spending nearly an hour looking for a place to park a truck cuts into a driver’s productivity and wages, a new study by the American Transportation Research Institute found.
December 14, 2016Ceva Logistics to Lay Off Up to 173 Employees in Pennsylvania
Ceva Logistics will lay off up to 173 employees in early 2017, according to a Worker Adjustment and Retraining Notification Act letter sent to the Pennsylvania Department of Labor and Industry.
December 14, 2016Momentum Building for More Transportation Funding in Tennessee
Tennessee hasn’t raised its taxes of 18.4 cents per gallon on diesel and 21.4 cents per gallon on gas since 1989. The decision not to index those taxes to the rate of inflation along with the spread of increasingly fuel-efficient vehicles has caused a funding shortfall that the state’s Department of Transportation estimates at $6 billion.
Port of L.A. Sets New Cargo Record, Long Beach Lags Due to Hanjin Bankruptcy
Containerized cargo volume at the nation’s top two largest ports was mixed in November as Los Angeles continues to experience a record-breaking year and Long Beach suffers from the bankruptcy of the Hanjin Shipping Co.
December 14, 2016