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 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, 2016
Business, Logistics

Hanjin’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.

September 6, 2016
Business, Safety, Government, Fuel, Technology, Autonomous

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.

Neil Abt | Editorial Director
September 6, 2016
Business

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, 2016
Business, Autonomous

When 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?

David R. Baker and Carolyn Said | San Francisco Chronicle
September 6, 2016
Government, Business

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.

Luis F. Carrasco | The Arizona Daily Star
September 6, 2016
Business, Logistics

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.

Matt Stevens | Los Angeles Times
September 6, 2016
Business

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.

Neil Abt | Editorial Director
September 6, 2016
Business, Logistics

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, 2016
Business

FourKites 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