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.
J.B. Hunt's Shelley Simpson Wins Distinguished Woman in Logistics Award
SAN ANTONIO — Shelley Simpson, chief marketing officer of J.B. Hunt Transport Services, was named winner of the 2016 Distinguished Woman in Logistics award.
Cargomatic Slashes Workforce
Freight technology firm Cargomatic, which offers a mobile app that connects shippers and local truckers with available hauling capacity, confirmed that it recently laid off part of its workforce.
Rush Enterprises to Close 13 Dealerships to Consolidate, Cut Expenses
Commercial truck dealer Rush Enterprises Inc. said April 6 it plans to close 13 dealerships during the first half of 2016 that sell Navistar International Corp.’s International truck brand, as part of a consolidation to reduce expenses while still maintaining service in the regions.
April 11, 2016Asphalt Pavement Alliance Salutes 8 State DOTs
The Asphalt Pavement Alliance recognized the departments of transportation in eight states with the 2015 Perpetual Pavement Award for their high quality, long-life asphalt pavements.
Mississippi House Panel Rejects Sales Tax Hike for Infrastructure
Mississippi's Legislature rejected a sales tax hike for infrastructure improvements despite a think-tank report stating an inadequate transportation system is costing residents $2.25 billion per year.
CleanFUEL USA Files Chapter 11 Bankruptcy
Autogas technology provider CleanFUEL USA said April 5 it filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the Bankruptcy Court for the Western District of Texas as it seeks the restructure of its debts.
April 11, 2016FedEx Expects to Start Construction on $220 Million Connecticut Distribution Facility
FedEx Ground, after purchasing property in Middletown, Connecticut, in March for $18 million, has given the city an official commitment to build a 525,000 square-foot distribution hub.
TransForce Appoints Meyer Chief Operating Officer
Driver supply firm TransForce said that Jeff Meyer has been named to the newly created position of chief operating officer.
April 11, 2016Oil Trades Near Four-Month High as US Declines, Iraq Ramps Up
Oil traded near a four-month high in London, swinging between gains and losses as Iraq said it raised output to a record in March while U.S. production fell.
FDA Issues Food Safety Rule
The U.S. Food and Drug Administration last week issued its final rule establishing new requirements for the sanitary transportation of human and animal food by truck and rail, to guard against food contamination.