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.
Borne Back Ceaselessly Into the Past, Truck OEMs Return to Medium Duty
The reintroduction of medium-duty models from three manufacturers will reconfigure that segment of the commercial truck industry, especially in the lighter weight classes.
Congress Seeks Short-Term Fix With Funding Through March 31
President-elect Donald Trump may be weeks away from his inauguration, but he already is putting his stamp on what happens on Capitol Hill.
J.B. Hunt Settles Discrimination Case With Sikh Applicants Over Hair Testing
J.B. Hunt Transport Services Inc. and four East Indian Sikh truck driver applicants agreed to a settlement — with the company paying more than a quarter million dollars — that would no longer force job applicants to submit to hair drug testing if it violated their religious beliefs.
Trailer Orders Top 21,000
U.S. trailer orders climbed above 21,000 in October for the second-highest total of the year, as analysts said the cycle is stabilizing after the tremendous surge in orders during the previous two years.
Shippers Spur Competition Between Trucks, Railroads
Shippers of bulk freight expect prices to rise on railroads next year, but they could have greater control in contract negotiations because of competition from trucking with intermodal rail, according to a Nov. 16 report from RBC Capital Markets.
Diesel Falls 2.2¢ to $2.421 as Crude Rises
The U.S. average retail price of diesel fell 2.2 cents a gallon to $2.421, the Department of Energy said Nov. 21, as crude oil prices crept higher.
That Truck You See on Ohio Roads This Week Might Be Driving Itself
Just weeks after making what it called the world's first shipment by a self-driving truck, Otto plans to travel a 35-mile stretch of U.S. Route 33 in Ohio in another test of its autonomous technology.
November 27, 2016Jury Awards California Wal-Mart Truck Drivers $55 Million in Back Pay
A California federal jury on Nov. 23 handed down a $55 million verdict against Wal-Mart Stores Inc. for failing to pay about 850 of its truck drivers all of the compensation to which they were entitled.
UPS to Hike Rates Again, Based on Dimensional Weight Calculation Change
Two months after UPS Inc. announced that it would raise rates next year, the company stated it will add a price hike through changes to the dimensional weight calculation for North American parcels and freight effective Jan. 8.
Fidelitone Buys Total Solutions
Fidelitone, a third-party logistics provider and supply chain management firm specializing in construction, manufacturing and electronic deliveries, has acquired Total Solutions, based in Chandler, Arizona.
November 23, 2016