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.
Philips Industries Expands Lighting Products
Component supplier Phillips Industries introduced new lighting products to the Permalite XT family.
September 16, 2016Tech Firms Prepared for IFTA Changes, See Benefits for Fleets
Technology firms that develop or support onboard fleet-management and telematics systems say they are prepared for upcoming changes to the International Fuel Tax Agreement’s auditing procedures and see benefits for their fleet customers.
Employees File for Teamsters Representation at Two More XPO Facilities
Drivers at an XPO Logistics facility in Aurora, Illinois, and workers at a warehouse operation in North Haven, Connecticut, filed for Teamsters representation Sept. 14 and Sept. 15, respectively, the union announced and the company confirmed.
September 15, 2016Top Two US Ports Have Mixed Results for August Container Traffic
The top two ports in the United States reported mixed results for container traffic during August before the Hanjin Shipping Co. bankruptcy, according to figures released Sept. 15.
September 15, 2016NetraDyne Introduces Video Safety System With Artificial Intelligence
Startup firm NetraDyne Inc. has launched its initial technology offering for the transportation industry — a video-based safety platform that combines onboard cameras with artificial intelligence to provide a more complete view of driver performance.
Hanjin Collapse May Hurry Shipping Consolidation, Hapag Says
The collapse of Hanjin Shipping Co. will probably spark fresh consolidation among container lines as they attempt to ride out the shock waves buffeting the industry, Hapag-Lloyd AG CEO Rolf Habben Jansen said.
Looming Trailer Shortage Newest Hanjin Bankruptcy Crisis
The bankruptcy of Korean ocean liner Hanjin Shipping Co. is causing ripple effects for importers bringing goods from Asian factories to U.S. malls by creating a shortage of trailers to move containers on U.S. roads.
Factory Output Declines More Than Forecast in August
Output at American manufacturers fell more than economists forecast in August, a sign the industry is having trouble finding its footing.
Retail Sales Decline in August by More Than Forecast
Sales at U.S. retailers dropped more than forecast in August, indicating a pause in recent consumer-spending strength that has carried the economy.
Applications for Jobless Benefits Rise Less Than Forecast
The number of applications for unemployment benefits barely rose in the week ended Sept. 10, indicating employers remain comfortable with staffing levels.