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.
Ryder Honored for Efforts to Employ Veterans
Ryder System Inc., a provider of commercial fleet management, dedicated transportation and supply chain services, said it has been named among the most valuable employers of former military personnel by CivilianJobs.com, an online recruiting solution designed to connect America’s military with civilian careers.
May 31, 2016Averitt Adds New China-U.S. Freight Services
Averitt Express said it has launched two new import services from China, including one that will use the Panama Canal, whose expanded waterway is expected to open in June.
May 31, 2016OPEC Said to Work on Oil Deal to Restore Unity
OPEC is making a last-ditch effort to rescue an organization many dubbed dead only weeks ago by working on a deal to restore unity among some of the world’s largest oil exporters as ministers gathered in Vienna.
May 31, 2016Opinion: FSMA Regulations to Drive Change
The Food and Drug Administration’s new rules on sanitary transportation of human and animal food products have many third-party logistics providers concerned about liability. With the rules defining brokers as shippers, many 3PLs may soon become responsible for requirements tied to equipment, training and record keeping — all things they haven’t been accountable for in the past.
May 30, 2016Editorial: Memorial Day 2016
Ours is a loud and angry society today. Look no further than the current presidential campaign, a spirit-killing fiasco and an advertisement for autocracy, if it’s decorous. Going back at least to Thomas Jefferson and Alexander Hamilton, Americans have argued, but we also developed interests and ideals to bring us together.
May 30, 2016April Tonnage Gains 2%
Truck tonnage rose 2% year-over-year in April, continuing an upward plod that has been suppressed by scant economic growth and the continued inventory bloat, American Trucking Associations reported last week.
Trucking Mergers Slow Down This Year, But Technology Could Spur More Deals
After boiling over last year with multibillion-dollar deals involving UPS Inc., FedEx Corp., XPO Logistics and others, the 2016 merger and acquisition pot has slowed to a simmer while hungry buyers and sellers keep searching for appealing deals.
Inaugural Atlanta Truck Show Lands DTNA, Navistar for 2017
The marketing of trucks took a major turn last week as two of the four large truck-making corporations committed to three cycles of the new North American Commercial Vehicle Show, starting with the September 2017 inaugural event in Atlanta.
Diesel Average Rises 6¢ to $2.357
As crude oil prices continued to advance, the U.S. retail average price of diesel and gasoline rose with it, both jumping about 6 cents per gallon.
FedEx Begins Integrating TNT After Purchase
FedEx Corp. announced last week that it would begin integration of TNT Express assets immediately after completing the $4.9 billion deal, its largest-ever acquisition.