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.
Home Prices Climbed 5.7% in First Quarter From Prior Year
U.S. home prices rose 5.7% in the first quarter from a year earlier as buyers competed for a limited supply of listings.
EPA Proposes Increase in Biodiesel for 2018
The Environmental Protection Agency wants U.S. fuel distributors to move 2.1 billion gallons of biodiesel in 2018 as part of the continuing increase in the nation’s renewable fuel standard, the agency said.
Truck Tonnage Rises 2% in April, Continuing Slow Upward Pattern
Truck tonnage rose 2% year-over-year in April, continuing a slow upward trajectory that has been held back until now by an absence of economic growth and a continued inventory bloat, American Trucking Associations reported.
May 24, 2016Technology Can Help Fleets Serve E-Commerce Demand, Estes Exec Says
PHILADELPHIA — As the growth of e-commerce continues to reshape the supply chain, fleets can use technology to help meet the growing demand for final-mile delivery services, an executive at Estes Express Lines said.
Port of Long Beach Chief Sees More Pain for Shipping Lines
Global container shipping lines face one or two more years of pain as the industry consolidates amid overcapacity and weaker demand, according to the Port of Long Beach’s CEO.
UPS to Expand Columbus Facility With $176.5 Million Upgrade
UPS Inc., the world's biggest package-delivery company, plans to spend $176.5 million to overhaul its Columbus package and sorting operations to keep up with growing demand being spurred by e-commerce.
Port of Vancouver CEO Todd Coleman Unexpectedly Resigns
Todd Coleman became CEO of the Port of Vancouver just after it turned 100, a milestone marking a century of relative political peace within the community.
House Panel Keeps Trucking-Related Provisions in Transportation Bill
WASHINGTON — A Democratic push to undo trucking-related provisions from a fiscal 2017 transportation funding bill was soundly rejected during a House Appropriations Committee hearing on May 24.
Retailers Fuel a Warehouse Boom, Racing to Keep Up With Amazon
The first thing online clothing reseller ThredUp did after clinching a new round of funding last year? Hunt for strategic warehouse space to get the goods to customers as fast as possible.
Supreme Court Unanimously Rules in Favor of CRST
The U.S. Supreme Court ruled unanimously on May 19 in favor of CRST Van Expedited in a lawsuit originally brought by the Equal Employment Opportunity Commission in 2007.