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.
Cass Freight Index Drops 4.3% in June
The Cass Freight Index, a broad measure of freight traffic across all modes of transportation, fell 4.3% year-over-year in June, but improved 1.7% from the May report published by an affiliate of a St. Louis bank.
July 20, 2016Talk About a Snack Attack: Cops Say Thief Took $43,000 Truckload of Frito-Lay
A man has been arrested in connection with the theft of a trailer with $43,000 of Frito-Lay snacks inside.
After Some Opposition, CSX to Build $272 Million Rail Hub in North Carolina
While opposition from Johnston County landowners stalled a proposed CSX container hub, Rocky Mount, North Carolina, economic development officials quietly pieced together 700 acres willing to take on the project.
Charlotte Getting Direct Intermodal Rail Service to Port of Wilmington
CSX is launching a new intermodal rail service between the Port of Wilmington and the railroad’s terminal in Charlotte, North Carolina, boosting the city’s status as a transportation hub, company and state officials said July 19.
Teletrac Navman Launches New Unified Telematics Platform
Fleet-tracking companies Teletrac Inc. and Navman Wireless announced a new telematics platform that combines their two product lines into one offering for customers.
July 19, 2016Tolling Group Hosts Conference July 24-26
The latest technologies in tolling in this country and worldwide will be the focus of a conference the International Bridge, Tunnel and Turnpike Association will host later this month in Boston.
July 19, 2016Truck Tonnage Rises 2.1% in June
Truck tonnage continued to rise on a year-over-year basis, but the pace of growth slowed to 2.1% from 5.9% in a “choppy” freight environment, American Trucking Associations reported.
July 19, 2016GOP Proposes Narrowing Highway Trust Fund’s Purview
The Highway Trust Fund should stop backing mass transit, bike-sharing, recreational trails and historical renovations, Republican leaders declared at the party’s national convention in Cleveland.
July 19, 2016Theft of Cargo Is Constant Worry for Trucking
Incidents of cargo theft occur all too often across the nation and are a constant worry for trucking.
EU Fines Truck Makers Record $3.2 Billion Over 14-Year Cartel
BRUSSELS — Daimler, Paccar Inc. and two other truck makers were fined a record $3.2 billion (2.9 billion euros) by EU antitrust regulators July 19 for taking part in a 14-year cartel.