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.
Oil in Longest Losing Streak in Four Months as US Supplies Gain
Oil fell for a fifth consecutive day June 14, heading for the longest run of declines since February, as U.S. industry data showed crude stockpiles expanded, exacerbating an oversupply.
Rising Fuel Pushes Up Producer Prices for Second Month
The rebound in fuel costs pushed up U.S. wholesale prices in May for a second month, overshadowing a drop in pricing power more broadly that signals inflation will take time to move toward the Federal Reserve’s goal.
SAF-Holland Launches New Air Disc Brakes
GRAND RAPIDS, Mich. — SAF-Holland introduced new air disc brakes for trailers geared to commercial fleets in North America, with the base model at “a significantly lower price point than previous generation air disc brake systems.”
Agility Fuel Systems and Division of Hexagon Composites to Merge
Norwegian manufacturer Hexagon Composites and Agility Fuel Systems announced plans to merge Hexagon's compressed natural gas automotive products division with Agility to form a new company, Agility Fuel Solutions.
June 14, 2016Nikola Motor Gets 7,000 Reservations for Unseen Electric Class 8 Truck
Nikola Motor Co. said it has received more than 7,000 reservations for its yet-to-be-unveiled electric Class 8 truck, the Nikola One.
June 14, 2016FAA Proposes Fining Amazon for Shipping Hazardous Package
The U.S. Federal Aviation Administration announced on June 13 that it is proposing a $350,000 civil fine against Amazon.com Inc. for shipping a product that allegedly violated hazardous materials regulations and injured several UPS workers who handled the package.
Port of Oakland to Keep Extended Night Hours for Trucks
After a three-month pilot program to alleviate truck backups, the Port of Oakland's largest terminal operator is planning to keep its gates open at night and will begin charging a new flat fee to pay for the extended hours.
Port Manatee Looks to Turn Bigger Panama Canal Into Bigger Business
When the Panama Canal reopens its wider, deeper locks and channel on June 26, Port Manatee officials will be looking to turn that greater capacity into more cargo traffic.
Staples Joins the Same-Day Fray With Staples Rush
Office supply giant Staples Inc. announced on June 14 that it will be rolling out its own same-day delivery service, called Staples Rush, to major metropolitan areas in the United States.
Senate Clears Pipeline Safety Bill
The Senate on June 13 cleared a bill that would direct federal regulators to implement a series of pipeline safety mandates.
June 14, 2016