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.
Daimler Announces Additional Layoffs at Truck Plants
Daimler Trucks North America announced another round of layoffs that includes about 700 workers from its medium-duty plant in Mount Holly, North Carolina, and an additional 500 at its Class 8 plant in Cleveland, North Carolina.
ATA Working to Avoid Inadvertent Elimination of HOS Restart Rule
An omission in the fiscal 2016 omnibus funding bill would require federal regulators to eliminate an hours-of-service restart rule that took effect in 2013 if a federal study of the rule fails to show it has safety benefits, according to a spokesman for American Trucking Associations.
Inland Port Expected to Take 35,000 Trucks Off Atlanta-Area Freeways
Savannah, Georgia, will see bigger containerships come into port after the Panama Canal is widened this year. And some of that increased port traffic eventually should make its way to the Chattanooga area in 2018, when a new "inland port" is due to open in Murray County, Georgia.
'Tentative Deal' Paves Way for Pennsylvania FedEx Distribution Center
The owners of Willow Brook Farms in Pennsylvania say they have a tentative deal to remove a deed restriction that will enable FedEx Ground to forge ahead with its $335 million distribution plant on land now owned by the Lehigh-Northampton Airport Authority.
Canadian Pacific Asks STB to Rule on Viability of Norfolk Trust Structure
Canadian Pacific Railway is asking U.S. regulators to rule on the proposed voting trust structure it wants to use to acquire Norfolk Southern Corp.
Mike Joyce Named ATA’s Top Legislative Advocate
Mike Joyce, announced on Feb. 16 as American Trucking Associations’ senior vice president of legislative affairs, brings a range of experience to his new position. Joyce has spent all but two of the 22-plus years since his graduation from Gettysburg College working for members of Congress or as a lobbyist for trucking concerns.
HighJump Adds Integration With Rand McNally
Transportation software provider HighJump said it has added integration with Rand McNally’s electronic logging devices.
February 16, 2016Transervice Launches Tech-Based Freight Management Business
Transportation provider Transervice Logistics Inc. said it has launched a technology-based freight management business, Transervice Integrated Solutions.
February 16, 2016Diesel Hits 11-Year Low
The average diesel retail price fell 2.3 cents last week to $2.008 a gallon, the lowest price in nearly 11 years, when it was $1.986.
Opinion: Recruiting Should Be a Top Priority
Communication and team building are two ideas or points of emphasis that all successful transportation firms need to understand and utilize.
February 15, 2016