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.
Positive Traffic News at Ports of Virginia, Charleston, Jacksonville
November was a positive month for several of the top ports in North America, according to monthly statistics released in mid-December.
Bendix Expands Mexican Production of Valves, Manifolds
Bendix Commercial Vehicle Systems has doubled its capability to manufacture high-performing solenoid valves and assembled manifolds at its Acuña, Mexico, site.
December 13, 2016Drought Cracks Pavement, Causing Headaches in Mississippi
Mississippi’s Department of Transportation says it has a $526 million funding shortfall. That figure has only grown because of the drought that began in late summer and extended for most of the fall.
Analysis: Maersk Faces Rough Waters From Spare Capacity and Trump
For many folks, 2016 has been a year to forget, and the shipping industry is no exception. But looking ahead, A.P. Moller-Maersk A/S is determined to put a positive spin on things — maybe too positive.
eNow Announces Strategic Partnership With IdleAir
Renewable energy provider eNow announced a strategic partnership with IdleAir, whose grid-powered approach to provide longhaul truck drivers an alternative to idling their engines during rest periods will now be enhanced by eNow’s solar panels.
December 13, 2016US Import Prices Post Largest Drop in Nine Months
U.S. import prices recorded their biggest drop in nine months in November on declining petroleum costs, with renewed dollar strength threatening to keep imported inflation subdued.
Small-Business Optimism Surges in November After US Election
Confidence among U.S. small businesses surged in November by the most since the spring of 2009 as companies grew decidedly upbeat about sales and economic prospects after the presidential election, a report from the National Federation of Independent Business showed Dec. 13.
FedEx Chief Fred Smith Blasts Trump's Trade Policies
FedEx chief Frederick Smith has gone on the offensive against President-elect Donald Trump's trade proposals, warning of dire consequences if the nation pursues the protectionist policies Trump espoused during the campaign.
Diesel Average Jumps 1.3¢ to $2.493 a Gallon
The U.S. average retail price of diesel rose 1.3 cents to $2.493 a gallon, according to the Department of Energy, as the price of crude oil reached its highest level in about 17 months as producers added to earlier announced production cuts.
December 12, 2016Swift Reports Mixed Fourth-Quarter, But Bright Outlook for 2017
Swift Transportation reported that the fourth quarter has been mixed so far, although there have been gains in volume versus late 2015 in the truckload and dedicated units. But the company is confident about 2017 being a favorable year, executives said Dec. 9 on a conference call for investors.
December 12, 2016