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.
California Funds Greater Use of Electric-Powered Heavy-Duty Trucks
California has expanded its testing of zero-emissions electric-powered heavy-duty vehicles as the state grapples with finding solutions to the worst air quality in the nation in several of its cities, experts said.
Retail Sales Rise More Than Forecast as Consumers Spend
Retail sales rose more than forecast in May, showing consumer spending will help boost economic growth in the second quarter.
June 14, 2016Capitol Agenda for the Week of June 14: Patience, Darling
Here's the week ahead for trucking on Capitol Hill. Apparently it won't include a confirmation hearing for Scott Darling, nominated as administrator of the Federal Motor Carrier Safety Administration.
Diesel Rises 2.4¢ to $2.431
The U.S. retail diesel average climbed 2.4 cents to $2.431, the Department of Energy reported, while the volatile price of crude oil slipped below $50 per barrel.
Manitoulin Global Forwarding Acquires M.A.P. International
Manitoulin Global Forwarding, a unit of the Manitoulin Group of Companies transportation business, announced the acquisition of M.A.P. International Freight, another Canadian company, to add capabilities for international forwarding of refrigerated container cargo.
June 13, 2016Former DOT Chief James Burnley Named Chairman of Eno’s Board
Former U.S. Department of Transportation Secretary James Burnley has been named chairman of the Eno Center for Transportation board of directors, the group announced June 13.
June 13, 2016How Bridgestone's CEO Learned When to Walk Away From a Deal
Late last year, Bridgestone Corp. CEO Masaaki Tsuya did something rare in Japanese business circles. He walked away from an escalating bidding war with Carl Icahn for the U.S. auto parts chain Pep Boys. Tsuya’s philosophical approach to deal-making comes from an unpleasant experience.
FedEx, Bridgestone Settle 2014 Fatal Wyoming Crash Lawsuits
CHEYENNE, Wyoming — Federal lawsuits filed last year against Bridgestone Americas Tire Operations and FedEx Ground Package Systems Inc. in connection with a triple-fatal collision that happened here on Interstate 80 have settled out of court.
Border Rail Line to Connect US, Mexico
A new company will take over repairs and eventual operations of the beleaguered Desert Line railroad, clearing the way for work to begin this summer and for trains to move goods made in Mexico into the United States in 2018.
124-Year-Old Frisco Bridge Getting Extensive Makeover by BNSF
In the dusty, sun-drenched bottomland along the Arkansas side of the Mississippi River, construction cranes loom next to the ivy-draped latticework of the historic Frisco Bridge in a project employing 21st Century technology to shore up some critical, if creaky, 19th Century handiwork.