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.
Iowa Lands $25 Million Grant for Freight Hub
A grant worth more than $25 million has been awarded to construct a Cedar Rapids intermodal transportation facility officials say is to become a one-of-a-kind freight hub for the state.
Port of Oakland Opens New Rail Yard
OAKLAND — While public uproar over a proposal to export coal may have slowed down one redevelopment project at the former Oakland Army Base, another one has been quietly under construction.
Oil Trims Weekly Drop as US Production Falls Most Since 2013
Oil trimmed its biggest weekly decline in three months as investors weighed the largest drop in U.S. output since 2013 and a jump in payrolls against a smaller-than-expected stockpile decline.
TPMS Executive Phillip Zaroor Dies at 67
Phillip Zaroor, founder and president of tire pressure monitoring system firm Advantage PressurePro, died June 19. He was 67.
IANA Offers New Application to Improve Intermodal Efficiency
The Intermodal Association of North America said it’s created an application using a Web portal to help motor carriers utilize chassis and containers more efficiently.
July 7, 2016IMC Cos, American Fast Freight Make Acquisitions
Intermodal specialist IMC Companies and freight forwarder American Fast Freight are the latest freight companies to announce acquisitions.
July 7, 2016DA Moves to Have Charges Dropped Against Total Transportation of Mississippi
A Georgia district attorney requested on July 6 that five vehicular homicide charges and two lesser counts against Total Transportation of Mississippi resulting from an April 2015 crash be dismissed.
Shipping Firms Promise the EU Steps to Prevent Price Hike Collusion
BRUSSELS — Several container shipping companies have promised to change practices that potentially allowed them to raise the price of global goods transport, the European Commission announced July 7, following an investigation.
Port of New Orleans Loses Chiquita Business, Again
After months of rumors, the Chiquita company is moving its cargo business back to Gulfport, Mississippi, nearly two years after its heralded return to New Orleans.
Used Truck Association Names Craig Kendall President
Craig Kendall was elected president of the Used Truck Association, the group said July 5.
July 7, 2016