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, Fuel

Diesel Average Declines 0.7¢ to $2.382 a Gallon

The U.S. average retail price of diesel dipped 0.7 cent to $2.382 a gallon, according to the Department of Energy as oil prices hovered around $45.

September 26, 2016
Business, Equipment

Michelin to Build Automated Tire Distribution Complex in South Carolina

Michelin North America said it plans to spend $270 million to build a new distribution complex near Spartanburg, South Carolina, to handle tires for passenger vehicles, heavy trucks and agricultural equipment.

September 26, 2016
Business, Logistics

Maersk May Target Hanjin, Hyundai in New Acquisition Strategy

A.P. Moeller-Maersk A/S’s container line, which this month ditched a strategy of building new vessels and will instead try to grow through acquisitions, is targeting South Korea’s two biggest shipping firms, according to Jefferies International Ltd.

September 26, 2016
Business

Ohio Town Grapples With Truck Parking Woes

When truck driver Grant Moser returns to Huber Heights, Ohio, in a few days after making his way back from California, he’ll face a choice more complex than it might seem: Where to park?

Will Garbe | Dayton (Ohio) Daily News
September 26, 2016
Business

Labor Dispute at Port of Portland Halts Container Traffic

A dispute between labor and the private third-party operator of the Port of Portland's container terminal needs to be resolved in federal court before the service is restored in Oregon.

Elaine Williams | Lewiston (Idaho) Tribune
September 26, 2016
Government, Business, Equipment

Ontario Will Reissue Moratoriums on Axle Weight Penalties

Ontario, Canada’s most populous province announced on Sept. 24 that it will reissue moratoriums on axle weight penalties and only enforce gross vehicle weight violations while a final agreement on those in the excavation/aggregate hauling sector is being negotiated.

David Elfin | Staff Reporter
September 26, 2016
Business, Logistics

Hyundai Merchant Said to Be Looking at Buying Hanjin Assets

Hyundai Merchant Marine Co., South Korea’s second-largest container line, surged in Seoul trading after the company was said to be looking at some assets of troubled rival Hanjin Shipping Co. for a possible acquisition.

Kyunghee Park | Bloomberg News
September 26, 2016
Business, Fuel

Italian Truck Maker Debuts Natural Gas-Powered Concept Truck

Italian truck maker Iveco debuted its alternative fuel-powered concept truck that the company said anticipates the shift to autonomous driving and renewable energy.

September 26, 2016
Business

Sales of New Homes Retreated in August From Nine-Year High

Purchases of new U.S. homes dropped in August after surging a month earlier to the fastest pace since 2007, representing a pause in momentum within residential real estate.

Sho Chandra | Bloomberg News
September 26, 2016
Perspective, Business, Government, Safety, Autonomous

Opinion: Significant Accomplishments; More to Be Done

A year ago, I stood before you in Philadelphia and accepted the title of chairman of American Trucking Associations. It has been a tremendous honor to be your chairman at such a critical time for our industry.

September 26, 2016