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.
Diesel Average Dips 0.2¢ to $2.407 Per Gallon
The U.S. diesel average price dipped 0.2 cent to $2.407 per gallon last week, the Department of Energy reported, as the price of crude fell below $44 a barrel before rebounding amid uncertainty about production levels.
September 6, 2016Hanjin’s Ghost Ships Seek Havens as Food, Water Start to Dwindle
South Korea’s cash-strapped Hanjin Shipping Co. is adrift at sea — and in more ways than one.
DTNA’s Daum Cautious on Speed Limiters, Autonomous Expectations
COLORADO SPRINGS, Colo. — The growing importance of fleets being able to regulate the speed of individual trucks through remote, over-the-air engine updates should be taken into account as the federal government considers a mandate requiring heavy-duty vehicles to utilize speed limiters, the president of Daimler Trucks North America said.
ABF Logistics Acquires Dedicated Logistics Provider for $25 Million
ABF Logistics has acquired Logistics & Distribution Services Corp., a company based in Sparks, Nevada, that provides dedicated logistics services, for $25 million.
September 6, 2016When Self-Driving Vehicles Take to the Road, Impact on Jobs is Uncertain
Millions of Americans make a living by driving trucks, delivery vans, taxis and ride-hailing cars. When technology takes the wheel, what will happen to their livelihoods?
Arizona Program Eases Heavier Trucks' Access to State Roads
A pilot program that started Sept. 1 allows permitting of some trucks weighing up to 83,000 pounds on Interstate 19 from Nogales to Tucson, Business Loop 19 in Nogales, Arizona 189 and I-10 between mileposts 232 and 279, approximately between Marana and Vail.
Officials Call For Action on Cargo Delivery Crisis at Ports of Los Angeles, Long Beach
Politicians gathered at the Port of Long Beach on Sept. 4 to call for the flow of cargo to Southern California to resume, days after the bankruptcy of one of the world’s largest shipping lines disrupted the global supply chain.
Fleets Play Large Role in Development, Launch of New Freightliner Cascadia
COLORADO SPRINGS, Colo. — The first viewing of the new Freightliner Cascadia was not one eye-catching showpiece, but instead featured a dozen trucks — one from each of 12 of its largest customers.
Hanjin Group to Provide $90 Million in Aid to Shipping Line
Hanjin Shipping Co.’s owner will provide $90 million (100 billion won) as part of efforts to contain disruptions to the global supply chain stemming from the container line’s court-receivership filing.
September 6, 2016FourKites Disputes Rival MacroPoint’s Newest Patent
FourKites, a provider of freight tracking technology, has disputed the latest patent obtained by rival firm MacroPoint, arguing it is “largely the same” as five other patents that a federal district court deemed invalid.
September 6, 2016