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.
US Motor Travel Rises by 2.9% in September Amid Low Gasoline Prices
U.S. motorists logged 2.9% more miles in September versus last year, new federal data showed, continuing a record-setting pace amid low gasoline prices and lower unemployment.
House Speaker Paul Ryan Says Infrastructure Funding Is High Priority Next Year
Determining the most efficient way for boosting funds for new and existing infrastructure projects will be a top priority for the Republican-led U.S. House next year, Speaker Paul Ryan (R-Wis.) said Dec. 5.
Teamsters Question Proposed New Stock Compensation Cap at XPO Logistics
The International Brotherhood of Teamsters is concerned about a proposed change at XPO Logistics that would increase the maximum number of shares it can issue as compensation 400%, from 500,000 shares to 2.5 million, the union wrote in a Dec. 1 letter to the company’s board of directors.
December 5, 2016Tennessee DOT Chief Says Driverless Technology Poses Challenges for Road Planners
Self-driving vehicles present the biggest challenge for road planners since horse and buggies gave way to automobiles in the early 20th Century, Tennessee's transportation chief says.
Editorial: Trucking: A Hotbed for Innovation
A growing number of technology developers, searching for the next big industry ripe for transformation, have set their sights on trucking.
December 5, 2016Electric Class 8 Introduced
SALT LAKE CITY — Nikola Motor Co. displayed its Nikola One hydrogen-electric Class 8 tractor at its headquarters here.
Opinion: Coating Crucial to Stopping Tank Corrosion
In truck and rail tankers and beyond, chemically bonded phosphate ceramics can stop corrosion, improve safety, extend equipment life and minimize maintenance and downtime.
December 5, 2016Diesel Prices Expected to Climb Following OPEC Cuts in January
The U.S. average retail price of diesel fell 0.1 cent to $2.420 a gallon, according to the Department of Energy, but fuel prices are likely to rise soon, one analyst said.
Transport, Logistics Firms Use Workplace as Training Ground for Future Leaders
The skills needed to run a successful transportation company today are quite different from what was required in the past, and that has many firms turning to workplace training and education partnerships to find the right people to help them flourish in a fast-changing business environment.
Whittington Steps Down as CEO; Middleton Takes Post at Grammer
Charles “Shorty” Whittington has stepped down as CEO of Grammer Industries, and Bart Middleton has succeeded him, the Indiana-based hazardous materials carrier announced Nov. 30.