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.
Appeals Court Restores Antitrust Suit Against Eaton and Every Heavy-Duty Truck Maker in North America
A decision by a federal appeals court panel has restored an antitrust lawsuit by truck buyers — fleets and dealers — against transmission maker Eaton Corp. and every heavy-duty truck maker in North America.
Trucks Hauled Most Nafta Freight by Value in July, US DOT Reports
Trucks continued in July to be the most heavily used mode for moving goods to and from the United States and both its Nafta trade partners, Canada and Mexico, hauling 64.7% of the freight, the U.S. Department of Transportation reported Sept. 22.
September 22, 2016BlackBerry Enters Crowded Cargo Monitoring Market
BlackBerry found a customer for its fleet-tracking device, taking a first step into the crowded market for monitoring cargo trucks and trains.
David Heller Named Truckload Carriers Association Vice President
David Heller has been promoted to vice president of government affairs at the Truckload Carriers Association to expand the group’s presence on Capitol Hill, according to an announcement.
September 22, 2016FedEx Announces Price Increases for 2017
FedEx Corp. announced a series of 2017 rate increases, including 3.9% for Express shipments and 4.9% for Ground, continuing the recent pattern of carrier price adjustments.
September 22, 2016Refrigerated Carriers to Face Added Complexity Under Food Safety Rule, McLeod Says
SAN ANTONIO — Food transportation will become increasingly complex under the Food Safety Modernization Act, making it more important than ever for refrigerated carriers to closely track their freight and tightly control their operations, said Tom McLeod, CEO of McLeod Software.
FourKites Hires Fiander to Lead Firm’s Integration Efforts
Load-tracking technology firm FourKites has hired Craig Fiander as senior vice president of business development to lead the company’s global integration and partnership efforts.
Hanjin Gets $45 Million Credit Line to Unload Cargo From Stranded Vessels
Korea Development Bank, the main lender to Hanjin Shipping Co., offered a conditional credit line of 50 billion won ($45 million) to help ease supply chain disruptions caused by the collapse of the nation’s biggest container mover.
Maersk to Split Group Into Separate Transport, Energy Companies
A.P. Moeller-Maersk A/S will split into separate transport and energy businesses as Denmark’s biggest company moves ahead with an historic shake-up of the conglomerate.
September 22, 2016Volkswagen Shows Off Electric Commercial Van Concept
Volkswagen Commercial Vehicles debuted its electric e-Crafter concept van Sept. 21, with a range of about 124 miles and designed for urban deliveries.
September 22, 2016