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.J. Keller Receives Patent for HOS Technology
J.J. Keller & Associates announced that it has received a U.S. patent for technology that improves the collection of vehicle data and reporting of drivers’ hours of service for light- and medium-duty trucks.
February 12, 2016Consumer Sentiment in US Fell in February to a Four-Month Low
Consumer sentiment declined in February to a four-month low as falling stock prices and weaker global conditions weighed on Americans’ views of the economy.
US Retail Sales Increased in January in Broad-Based Advance
Retail sales increased for a third straight month in January as Americans kicked off 2016 by spending freely on cars, clothing and online merchandise.
February 12, 2016Google Wins Patent for Autonomous Package-Delivery System
Internet search firm Google has just received a patent for what it calls an “autonomous delivery platform,” in which a self-driving box truck is used to deliver packages kept in locked compartments and accessed by customers using a smartphone or some other secure electronic device.
Oil Falls to 12-Year Low at $26.14 Per Barrel
Oil tumbled to its lowest level in more than 12 years as crude stockpiles at the delivery point for New York futures expanded to a record.
Provision Affecting Meal, Rest Breaks Clears First Hurdle in House
House Transportation and Infrastructure Committee members voted Feb. 11 to keep a provision tucked in an aviation reform bill that would prevent states from enacting laws requiring trucking companies to schedule meal-and-rest breaks for truck drivers or pay drivers by the hour.
Dicom Transportation Group Buys Advanced Distribution
Expedited logistics provider Dicom Transportation Group purchased Advanced Distribution, Dicom announced Feb. 11.
February 11, 2016ALK Introduces PC Miler Rates
ALK Technologies has introduced PC Miler Rates, a new service that provides shippers, brokers and third-party logistics providers with carrier rate information.
February 11, 2016IHS Inc. Acquires Oil Price Information Service for $650 Million
IHS Inc., a global provider of industry and technical information, has purchased OPIS – the Oil Price Information Service – from UCG Holdings for $650 million in cash, the companies said on Feb. 11
February 11, 2016CP to Drop Norfolk Southern Pursuit if Resolution Fails, CEO Says
Canadian Pacific Railway Ltd. is ready to end efforts to buy Norfolk Southern Corp. if shareholders of the U.S. railroad reject a resolution calling for merger talks, the head of the Calgary-based company said.
February 11, 2016