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.
Kenworth T680 and T880 Now Mainstays at Chillicothe Plant Undergoing Expansion
CHILLICOTHE, Ohio - Kenworth Truck Co.’s two latest models, the T680 and T880, launched in 2012 and 2013, respectively, now account for 90% of production at its manufacturing plant here, replacing earlier legacy models, said Kurt Swihart, director of marketing at Kenworth Truck Co.
Expert Predicts Taxes, Fees on Trucks Will Account for More of Highway Trust Fund
WASHINGTON — A higher percentage of federal Highway Trust Fund dollars will come from diesel fuel taxes and other fees on trucks as future government rules require ever-better gas mileage for passenger cars. That was the message from Joung Lee of the American Association of State Highway and Transportation Officials during an Infrastructure Week session on May 19.
Energy Group Calls for Truck Productivity Changes, Greater Support for Nat Gas, Autonomous Vehicles
WASHINGTON — The Energy Security Leadership Council, co-chaired by FedEx Corp. founder Fred Smith, called on the United States to take steps to improve truck productivity, offer alternative fuel credits and promote development of autonomous and platooning technologies.
Container Shipping Firms' Costs Soar on New Fuel Rules, New Report Shows
COPENHAGEN — Container shipping firms' annual costs have risen by a total $500 million due to new sulfur emissions regulations that have forced vessels to use higher-cost fuel, the Organization for Economic Co-operation and Development said in a May 19 report.
Port of Oakland App Tells Truck Drivers Wait Times
An old-line business, the Port of Oakland, is using one of the world's newest technologies, an app that helps truckers cope with busy cargo gates at the shipping hub, the port said May 18.
FedEx Sets May 25 for Completion of TNT Acquisition
FedEx Corp. and TNT N.V., the Dutch package and freight operator, announced their $4.9 billion combination will be completed on May 25, a move that represents the largest acquisition ever for the U.S. company.
Modest Biofuel Quota for 2017 Blasted by Producers
The Obama administration tried to strike a cautious compromise May 18 in setting quotas for a controversial renewable fuels program that pits Big Oil against Corn Belt interests.
Jobless Claims Dropped Last Week From a One-Year High
Filings for U.S. unemployment benefits declined last week from a more than one-year high, as a plunge in New York returned claims to a level consistent with a firm labor market.
FedEx to Open Distribution Center in New Mexico
FedEx Ground is moving dirt around on a 215,000-square-foot distribution center at Santa Teresa, New Mexico's newest industrial development, Westpark. The $20 million center is expected to be operating in the first quarter of next year, according to sources familiar with the project.
Puerto Rico Halts Toll-Road Revenue Transfer to Save Cash
Puerto Rico Gov. Alejandro Garcia Padilla declared a state of emergency for the island’s Highways and Transportation Authority, suspending the transfer of toll-road revenue to bondholders and imposing a stay on legal claims.