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.
Venture Express Acquires Chambers Leasing Systems
Venture Express Inc., a Tennessee-based fleet that specializes in serving the automotive industry, announced the acquisition of Chambers Leasing Systems Inc., an Ohio carrier, to expand the buyer’s services in the Midwest.
June 9, 2016Pipeline Safety Reform Passes House
Legislation aimed at reforming pipeline safety programs easily passed the U.S. House of Representatives on June 8, setting up a vote in the Senate as early as this month.
Pennsylvania Will Be Site of FedEx Ground's Largest Terminal
ALLENTOWN, Pa. — The FedEx Ground terminal planned in Northampton County will bring hundreds of jobs to the Lehigh Valley region and become the company's largest warehouse and logistics hub among 34 it operates nationwide, a company executive told members of the Valley business community June 8.
Daimler Trucks Widens Global Parts Sharing to Bolster Profit
Daimler AG’s trucks division, seeking to recover from a profit warning last month, aims to boost future earnings with a plan to cut costs by sharing more engines, axles and other components across units in North America, Europe and Asia.
Jobless Claims Fall to Nearly a 16-Year Low
First-time jobless claims unexpectedly fell last week and the number of Americans already receiving benefits tumbled to an almost 16-year low, consistent with a healthy labor market.
Mack Evaluates Wrightspeed’s Electric Powertrain
Mack Trucks said it showcased its heavy-duty LR model retrofitted with the Wrightspeed Route 1000 range-extended electric vehicle powertrain at WasteExpo 2016 in Las Vegas earlier this month.
June 9, 2016FedEx Incorporating Artificial Intelligence in Trucks, Planes, Founder Fred Smith Says
FedEx board member and author, Joshua Cooper Ramo, believes in the power of supercomputers, meganetworks and artificial intelligence to transform humanity.
DOT Awards $2 Million in Relief Funds to Northwest States
Agencies in Idaho, Oregon and Washington will receive $2 million in federal aid for repairing highway infrastructure on federal lands affected by heavy rains in December, the U.S. Department of Transportation announced June 7.
Job Openings Rose in April to Match Highest on Record
Job openings unexpectedly rose in April to match the highest level since records began in 2000, showing underlying demand in the labor market ahead of a sharp deceleration in payrolls last month, according to the Labor Department.
New Study Says Kansas Needs Truck Parking Information System
Development of a truck parking information management system is among the recommendations of a joint Kansas Department of Transportation and Kansas Turnpike Authority study completed this spring.
, , June 8, 2016