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.
Safety Enforcement of Commercial Drones Found Inadequate
U.S. aviation regulators approved commercial drone applications so quickly in recent years that they missed safety violations and took few enforcement actions, a government watchdog report concluded.
Comprehensive Logistics to Lay Off Employees in January
Comprehensive Logistics will lay off employees in January, according to a Worker Adjustment and Retraining Notice Act document filed with the Ohio Department of Job and Family Services.
December 6, 2016Zonar Names New CEO, Bolsters Tech Staff
Zonar, a supplier of smart fleet management technology, has appointed Ian McKerlich the new CEO, replacing Brett Brinton after Continental AG purchased a majority stake in it, the company announced Dec. 5.
December 6, 2016Koch Logistics Acquires JBS Logistics
Koch Logistics, an operating division of Stan Koch and Sons Trucking Inc., purchased JBS Logistics and its affiliated companies in a deal announced Dec. 1.
December 6, 2016CEOs More Optimistic on Prospects for Sales, Hiring
CEOs of some of the largest U.S. companies became more optimistic about their sales and hiring prospects in the weeks before and after the presidential election in November, even as they pared plans for capital spending.
Trade Deficit in US Widened to a Four-Month High in October
The U.S. trade deficit widened to a four-month high in October as overseas sales weakened and American companies imported more equipment and consumer goods
Diesel Average Rises 6¢ to $2.480
The U.S. average retail price of diesel increased 6 cents to $2.480 a gallon, according to the Department of Energy.
December 5, 2016Capitol Agenda for the Week of Dec. 5: The Long and the Short of It
Congress has to come up with a short-term bill by Dec. 9 to keep the government funded, but a longer view of infrastructure needs was taking shape elsewhere in Washington. Keith Laing of The Detroit News joins TT's Eugene Mulero for a video preview of the week ahead for trucking on Capitol Hill.
Wabash Adds Leonard’s Express to New Trailer Test
Wabash National Corp. said the number of fleets committed to testing its new Cold Chain Series refrigerated van trailer made with molded structural composites is now at four with the addition of Leonard’s Express.
December 5, 2016Electric Vehicles May Take an OPEC-Sized Bite From Oil Use
A boom in electric vehicles made by the likes of Tesla Motors Inc. could erode as much as 10% of global gasoline demand by 2035, according to the oil industry consultant Wood Mackenzie Ltd.