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.
Maine Transportation Commissioner Elected AASHTO President
David Bernhardt, the transportation commissioner in Maine, was elected president of the American Association of State Highway and Transportation Officials by the organization’s board at its annual meeting Nov. 15 in Boston.
Former ATA Lobbyist Moves to Transportation Consulting Firm
Dave Osiecki, formerly the chief of national advocacy at American Trucking Associations, was tapped to lead a Washington, D.C.-based transportation consulting firm, the firm announced on Nov. 14.
November 15, 2016Hanjin Still Hurts Long Beach, but Other Ports Post Strong October Results
October numbers continue to show strong growth at most major U.S. ports, except for the Port of Long Beach, California, which continues to suffer from the Hanjin Shipping Co. bankruptcy.
November 15, 2016Idaho Proposes Megaload Shipment Rules; Foes Call Foul
Megaload opponents are finding no reassurance in rules the Idaho Transportation Department has proposed to regulate the movement of the vehicles along a remote section of U.S. Highway 12.
OOIDA Asks Appeals Court to Vacate Medical Examiners Certification Rule
The Owner-Operator Independent Drivers Association has asked an appeals court to throw out a Federal Motor Carrier Safety Administration final rule on medical examiners' certification integration that failed to include guidelines for examiners to diagnose whether truck drivers have obstructive sleep apnea.
Aperia Technologies Secures $16 Million in Additional Funding
Tire inflation systems provider Aperia Technologies announced the company has raised $16 million to fund expansion.
November 15, 2016MacroPoint Lands $44 Million Investment From Equity Firm
Investment fund Susquehanna Growth Equity has invested $44 million in transportation technology provider MacroPoint, the companies said Nov. 14.
November 15, 2016Awash in Gasoline, US Refiners Export Fuel at Record Pace
Gasoline exports have risen above imports for three consecutive weeks as recurring pipeline outages and higher production levels by refiners caused Gulf Coast inventories to grow.
Peloton to Participate in Pilot That Targets 20% Fuel Savings in Two-Truck Platoons
Peloton Technology will participate in a three-year federal program designed to use next-generation truck platooning technology with cloud-connected powertrains to achieve 20% fuel savings for tractor-trailers in a two-truck platoon. That would nearly triple the current fuel savings documented with platooning.
Diesel Average Falls 2.7¢ to $2.443
The U.S. average retail price of diesel fell 2.7 cents to $2.443 a gallon, according to the Department of Energy, as crude oil prices continued their slide since the presidential election.
November 15, 2016