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.
Wholesale Prices Unexpectedly Rise on Higher Food Costs
Wholesale prices in the United States unexpectedly increased in January as higher food costs more than made up for the plunge in energy.
February 17, 2016UPDATE: Mack Named Official Hauler of NASCAR
DAYTONA BEACH, Fla. — Mack Trucks has become the new official hauler of NASCAR, providing a fleet of custom-designed vehicles to transport the sport’s equipment and technology among racetracks across the country.
Manufacturing Output Rises by Most Since July 2015
U.S. manufacturing output rose in January by the most since July 2015, a sign the industry was starting to stabilize at the beginning of the year.
Housing Starts Drop to Lowest Level in Three Months
New-home construction in the United States unexpectedly cooled in January, indicating there is a limit to how much gains in residential real estate will boost growth at the start of 2016.
Rhode Island Truck-Toll Plan Still Needs FHWA Approval
Even though Rhode Island Gov. Gina Raimondo signed RhodeWorks into law on Feb. 11, her trucks-only tolling plan still needs to be approved by the Federal Highway Administration before it can roll smoothly toward a projected opening of the 14 tolling gantries in 18 to 24 months.
Diesel Falls to Below $2 a Gallon
The average diesel retail price fell 2.8 cents last week to $1.980 a gallon, the lowest price since Jan. 24, 2005, when it was $1.959.
February 16, 2016Fix Roads, Bridges to Help Retain Drivers, ATA Economist Says
NASHVILLE, Tenn. — Government officials should do more to reduce traffic congestion along the country’s roadways as a way to help retain drivers across the industry, American Trucking Associations Chief Economist Bob Costello said.
State of Logistics Report Gets Makeover
The Council of Supply Chain Management Professionals said it has contracted with the management consulting firm A.T. Kearney to produce its Annual State of Logistics Report.
February 16, 2016Package Delivery Companies Could Face New Challenge From Uber
Europe's postal companies, already under pressure from Amazon.com Inc., soon could face a challenge from Uber, which is moving into deliveries, and other startups.
Navistar Reports 300 Orders for HX Series Heavy-Duty Trucks
Navistar Inc. said Feb. 15 it has signed a contract to make 15 of its new HX Series heavy-duty International trucks for RLJ Thompson Trucking of Concord, Virginia.
February 16, 2016