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.
HOS Update Enacted After Obama Signs Short-Term Funding Bill
The clarification of an hours-of-service rule for truckers in a short-term funding bill was signed by President Obama shortly after the Senate cleared the bill Dec. 9 and a shutdown of the federal government was averted.
ATA: Driver Turnover Hits Five-Year Low at 81%
Driver turnover fell 19 percentage points year-over-year to 81% in the third quarter for larger truckload fleets, dropping to the lowest level in five years due to the soft freight environment, American Trucking Associations reported last week.
Commercial Moving Specialist The Kane Co. Shuts Down
The owner of The Kane Co., one of the nation’s largest commercial office movers, and a prominent player in the Washington, D.C., business and political scene, is shutting down the family-owned business and laying off almost 1,000 employees, according to several published reports.
December 9, 2016Governor Signs Bills Allowing Autonomous, Platooning Vehicles in Michigan
Michigan Gov. Rick Snyder turned the bills governing autonomous and platooning vehicles into law Dec. 9. Senate Bills 995-997 had been passed overwhelmingly by both houses of Michigan’s Legislature.
U.S. Xpress Anticipates Placing Multimillion Dollar Orders for Nikola Electric Trucks
Truckload carrier U.S. Xpress Inc. formally announced its plans Dec. 8 to be an early adopter of the recently unveiled zero-emission, hydrogen-electric Class 8 Nikola One truck from Nikola Motor Co.
December 9, 2016Cummins Westport Offers Natural Gas Engine for Medium Duty Trucks
Cummins Westport Inc. said its ISB6.7 G, a 6.7 liter midrange natural gas engine, now is available for medium-duty trucks and vocational applications, more than doubling the engine’s potential market.
December 9, 2016Canadian Carrier Consolidated Fastfrate Begins Cross-Border US Service
Consolidated Fastfrate, a less-than-truckload company headquartered in Ontario, is offering cross-border service into the United States through partnerships with other carriers, the company announced Dec. 6.
December 9, 2016Consumer Sentiment Rises to Highest Since January 2015
Consumer confidence jumped more than forecast this month as Americans expressed the sunniest picture of their financial situation in 11 years, extending a boost following Donald Trump’s presidential election victory.
US Chamber of Commerce Said to Tell Mexico It Will Defend Nafta From Trump
MEXICO CITY — The U.S. Chamber of Commerce told a closed-door gathering of Mexican and American corporate and government leaders that it is aiming to keep Donald Trump from fulfilling his campaign threat to tear up the North American Free Trade Agreement, according to three people with direct knowledge of the matter.
Purkeys Offers Faster 100-Amp Charger
Electrical parts supplier Purkeys has developed the 100-amp Pack Accelerated Charger to safely charge batteries in nearly half the time of other chargers, the company announced.
December 9, 2016