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.
Continental Picks Mississippi for Tire Plant
Continental Tire the Americas has reached an agreement with the state of Mississippi to purchase a site for construction of a $1.4 billion commercial vehicle tire plant.
February 22, 2016Congress Has Multiple Options for Fixing HOS Glitch
Multiple pieces of congressional legislation are being considered as the best vehicle to fix a technical glitch in a fiscal 2016 funding law related to the hours-of-service rule for truckers.
FedEx-Sponsored Hamlin Wins Closest-Ever Daytona 500
Denny Hamlin, driving the No. 11 FedEx Express Toyota, charged from fourth place on the final lap to edge out Martin Truex Jr. in the closest finish in the history of the Daytona 500.
Port of Houston Authority to Expand Cold Storage
The Port of Houston Authority completed negotiations with the AGRO Merchants Group regarding construction and operation of a 300,000-square-foot ,temperature-controlled cargo facility at the port.
February 19, 2016Commercial Vehicle Group Expands in Mexico, Promotes Key Executives
Commercial Vehicle Group Inc. is constructing a new wire harness facility in Agua Prieta, Mexico, to serve the construction, agriculture and specialty vehicle markets, according to the supplier company.
February 19, 2016ARTBA Study Finds 58,000 US Bridges to be 'Structurally Deficient'
Nearly 10% of the country’s bridges – 58,495 out of 609,539 – were considered structurally deficient last year and needed repairs, the American Road and Transportation Builders Association reported Feb. 18.
Texas DOT Begins Looking at Axing Tolls
The Texas Department of Transportation is beginning a legislatively mandated look at what it would cost to eliminate toll roads in the state, the agency’s new executive director said.
Volvo Trucks North America Offers Battery-Powered Parking Cooler
Volvo Trucks North America announced that it now offers a battery-powered parking cooler as a factory-installed option on its VNM 630, VNL 630, VNL 670, VNL 730 and VNL 780 sleeper models.
February 19, 2016Core Consumer Prices Rise by Most in Over Four Years
The cost of living in the United States, excluding food and fuel, increased in January by the most in more than four years, reflecting broad-based gains that signal companies may be getting some pricing power.
ATA Opens Driver Nomination Process for America’s Road Team
American Trucking Associations has opened the nominating process for professional truck drivers to serve on the 2017-2018 America’s Road Team, sponsored by Volvo Trucks.
February 18, 2016