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.
Nevada Issues Autonomous Driver License to Quadriplegic Man
Nevada Lt. Gov. Mark Hutchison presented an autonomous vehicle restricted driver license Sept. 28 to Sam Schmidt, who is paralyzed from the neck down.
September 29, 2016Houston Port Credited for Being 'Creative' to Move Hanjin Cargo
Port of Houston Authority officials acted quickly to deliver stranded cargo after Hanjin Shipping Co. sought bankruptcy protection, offering to move and release the containers for a reduced fee.
Truckers Not Welcome at New $20 Million Welcome Center in New York
The $20.2 million welcome center on the eastbound Long Island Expressway in New York between exits 51 and 52 is set to open as early as this week, state officials said, providing a stop for motorists but pushing truckers farther east.
Pending Sales of Existing Homes Fall to Seven-Month Low
Contracts to purchase previously owned U.S. homes fell to a seven-month low in August, held back by tight supply in the housing market, the National Association of Realtors said Sept. 29 in Washington.
South Korean Court Considering Sale of Hanjin Shipping
The South Korean court overseeing Hanjin Shipping Co.’s receivership is considering a sale process for the entire container line, a month after the debt-laden company’s filing roiled supply chains worldwide.
Personal Income in Second Quarter Grew in All States
State personal income growth, income derived from all sources, accelerated to 1% on average in the second quarter of 2016, compared with 0.3% in the first quarter, according to estimates the U.S. Bureau of Economic Analysis released Sep. 28.
September 29, 2016Fewer Americans Than Forecast Filed for Jobless Claims Last Week
The number of applications to collect jobless benefits rose less than forecast for week ended Sept. 24, indicating employers are leery of dismissing workers as the labor market tightens.
Long-Term Highway Funding Fix Achievable Before FAST Act Expires, Says Rep. Sam Graves
The chairman of the subcommittee on highways in the House said he is optimistic Congress will agree on a long-term funding fix for infrastructure projects before a highway law expires in 2020.
Quick Delivery Shopping Competition Heats Up With Entry of Google Express
Google launched its Express online shopping service in the Northeast and Mid-Atlantic on Sept. 28, as the search engine giant continues to expand the program across the country.
Two-Truck Platoons Increasingly Realistic, NACFE Says
Commercial truck platooning is increasingly realistic, with key foundational technologies already in the marketplace and testing under way, the North American Council for Freight Efficiency said in a report issued Sept. 28.