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.
XPO to Open 571,000 Square-Foot Facility in Maryland
XPO Logistics has signed a lease for a recently completed 571,000-square-foot building in Perryman, Maryland, that is expected to bring hundreds of jobs to the county in the growing e-commerce field, Harford County Executive Barry Glassman said.
Tolls Will Rise 17% in Oklahoma by 2019, Pending Court Case
The Oklahoma Turnpike Authority has voted to increase fees on the state’s toll roads by 12% on Jan. 1, with additional hikes of 2.5% set for 2018 and 2019.
Trucking Loses 3,600 Jobs in September, Department of Labor Reports
For-hire trucking lost 3,600 jobs in September, while overall payrolls increased by 156,000 the Labor Department reported Oct. 7.
October 7, 2016Sen. Chuck Schumer Presses DOT on Speed Limiters
The U.S. Department of Transportation should quickly finalize a proposed federal speed-limiter rule for new heavy trucks, New York Sen. Chuck Schumer (D) said Oct. 6.
October 6, 2016Detroit Diesel to Pay $28.5 Million Over Clean Air Act Violations
Detroit Diesel Corp. will pay $28.5 million in fines and pollution-reduction projects to resolve violations of the federal Clean Air Act, the U.S. Justice Department and the Environmental Protection Agency announced Oct. 6.
Hanjin Shipping Containers Stranded Again? California Officials Wary of Plan
Some of the 15,000 steel shipping containers at the ports of Long Beach, and Los Angeles abandoned in the wake of the financial collapse of Korea-based Hanjin Shipping Co. may be headed to Ontario, California, for storage — but not without opposition from city leaders.
Medium-Duty Orders Slip 7% Year-Over-Year
ACT Research announced that 20,400 orders for Classes 5-7 trucks were placed in September, a year-over-year decline of 7%.
October 6, 2016Estes Express, New England Motor Freight Raise Rates, Joining Other LTL Carriers
Estes Express Lines and New England Motor Freight announced that they’ll raise rates 4.9%, on average, on less-than-truckload shipments, the latest among several major carriers to announce price increases over the past two months.
October 6, 2016Wisconsin Transportation Leaders Unveil Freight Proposal
Positioning Wisconsin as a national leader in commercial transportation is among the goals of a draft freight plan the state’s transportation agency unveiled recently.
October 6, 2016Kevin Burch Elected ATA Chairman as New Slate of Officers Announced
LAS VEGAS — American Trucking Associations' board of directors has elected Kevin Burch, president of Jet Express Inc. of Dayton, Ohio, as the federation’s 72nd chairman.