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.

Business, Logistics

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.

Allan Vought | The Aegis (Bel Air, Md.)
October 7, 2016
Government, Business

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.   

David Elfin | Staff Reporter
October 7, 2016
Business

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, 2016
Government, Business

Sen. 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, 2016
Business

Detroit 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.

Keith Matheny | Detroit Free Press
October 6, 2016
Business, Logistics

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.

Neil Nisperos | Inland Valley (Ontario, Calif.) Daily Bulletin
October 6, 2016
Business

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, 2016
Business

Estes 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, 2016
Government, Business

Wisconsin 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, 2016
Special Coverage, Business

Kevin 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.

Eric Miller | Senior Reporter
October 6, 2016