Business

About Business News...

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.

Government, Business, Safety

Transportation Groups Urge Hillary Clinton, Donald Trump to Ensure Long-Term Highway Funding

The next president of the United States must press ahead with a plan that ensures the long-term sustainability of the Highway Trust Fund, nearly three dozen transportation groups wrote to the nominees of the two major parties last week.

Eugene Mulero | Senior Reporter
October 11, 2016
Government, Business

America’s New Normal Will Look Pretty Slow, Fed Economist Says

The new normal for long-run U.S. economic growth could be 1.5% to 1.75% a year, a major slowdown from the 1990s and early 2000s as an aging population, more gradual gains in education and weak productivity growth take their toll.

Jeanna Smialek | Bloomberg News
October 11, 2016
Business, Logistics

Shippers Brace for New Rules to Cut Deadly Sulfur Emissions

SINGAPORE — The global shipping industry is bracing for a key regulatory decision that could mark a milestone in reducing maritime pollution, but which could nearly double fuel costs in a sector already reeling from its worst downturn in decades.

October 11, 2016
Government, Business

Texas Tollway Project Months Behind Schedule

The Texas 71 project, which will add one toll lane in each direction from the Austin-Bergstrom International Airport entrance to east of Texas 130 and straighten out an FM 973 dogleg, missed its contractual completion date of Oct. 7 by several months.

Ben Wear | Austin American-Statesman
October 11, 2016
Business, Technology

Analysis: We Still Need Truckers, For Now

Someday soon, forward-looking people keep telling us, autonomous trucks are going to wipe out millions of jobs. Right now, though, some trucking companies are desperate for workers.

Justin Fox | Bloomberg News
October 11, 2016
Business, Logistics

Korean Court Considers Selling Hanjin’s Asia-US Business

The Seoul Central District Court overseeing the receivership filing of Hanjin Shipping Co. is considering a disposal of the sales and marketing network of the container line’s Asia-U.S. operations as part of efforts to raise funds for the indebted company.

Kyunghee Park | Bloomberg News
October 11, 2016
Government, Business

Pennsylvania’s Lehigh Valley Big-Box Warehouse Growth Among Fastest in US

The appetite for large warehouses continues to grow in Pennsylvania's Lehigh Valley, as retailers adjust their distribution networks for online sales, according to a new report.

Anthony Salamone | The Morning Call (Allentown, Pa.)
October 11, 2016
Business

M&K Truck Centers Acquires Wiegand Mack

M&K Truck Centers announced the successful acquisition of Wiegand Mack, which adds five locations to what it said is the largest Mack dealership network in Michigan.

October 11, 2016
Business

A Good Truck Driver Is Hard to Find in Tight Job Market

Getting a signing bonus is often associated with top young athletes. Now, taking a job driving a chemical truck in the United States can earn you a signing bonus of as much as $5,000 — and then there are recruiting bonuses, retention bonuses and safety bonuses.

Patricia Laya | Bloomberg News
October 11, 2016
Business

Navistar Financial Completes $300 Million Deal for Dealer Inventory Funding

Navistar International Corp. announced that a subsidiary of Navistar Financial Corp. completed a $300 million, two-year transaction to support dealer inventory funding.

October 11, 2016