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.
Cass Freight Index Slumps 4.9%
The Cass Freight Index, based primarily on trucking shipments, showed a 4.9% year-over-year drop last month that reflects the ongoing economic slowdown.
May 16, 2016Covenant Transportation Celebrates 30 Years in Business
Parker was in his 20s when he started Covenant. Longhaul trucking pioneer Clyde Fuller raised him. Parker came up in trucking and discovered a talent for the work.
Trucking Company Owner Asks Supreme Court for Permission to Sue DEA Over Driver’s Death
The owner of a small Texas trucking company, whose 18-wheeler was used without permission by the Drug Enforcement Administration in a botched Zetas Cartel sting that left the driver dead, wants the U.S. Supreme Court to reinstate his lawsuit.
Confidence Among Homebuilders Held Steady in May
Confidence among U.S. homebuilders held steady in May, signaling limited progress in residential real estate during the busy spring selling season, National Association of Home Builders/Wells Fargo data showed May 16.
As Freight Railroads Cut Spending, Manufacturers Take Hit
For more than a year now, prolonged downturns in the coal, oil and steel industries have meant much less traffic on freight railroads.
Zero-Emission Vehicles at Center of Plan to Slash California’s Nitrogen Oxide Levels
LONG BEACH, Calif. — Zero and near-zero emissions trucks and other freight vehicles are at the center of California’s plan to slash emissions of nitrogen oxides, regulators said. The plan begins with a series of state pilot projects over the next three years, they added.
Report: Traffic to Worsen Without Federal Fund Lift
The rate at which trucks will be stuck in traffic will increase dramatically over the coming years if poor highway infrastructure is not rehabilitated, a new report by the American Society of Civil Engineers concluded.
Opinion: Unclog Our Circulatory System Without Tolls
In the trucking industry, we’re fond of calling ourselves the lifeblood of the American economy — delivering the goods that our stores, hospitals and restaurants need to maintain our quality of life.
May 16, 2016Editorial: Poor Driver Health a Serious Problem
Quite often when we use the word “health” in stories, it refers to company profits, freight demand or the economy at large. Similarly, many of our stories involving truck drivers have to do with pay and turnover. That is what you expect from a business-to-business publication.
May 16, 2016With Union Pensions in Jeopardy, Fund Appeals to Congress for Aid
Thorny Teamsters pension issues were pushed into Congress’ lap last week by the Central States Pension Fund after the U.S. Treasury Department rejected the fund’s bid to create long-term solvency by cutting pension benefits by about 50% for most union retirees.