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.
Virginia Gov. Terry McAuliffe, Legislators Agree on I-66 Proposal
Virginia Gov. Terry McAuliffe and key legislators from both parties and both chambers announced Feb. 10 that they have agreed on a plan to add a third lane to a 4-mile eastbound stretch of Interstate 66 from the Dulles Airport Connector Road to Arlington inside the Capital Beltway.
UPS Names CEO David Abney as New Chairman
UPS Inc. said its board unanimously elected CEO David Abney to the position of chairman, succeeding Scott Davis, who will retire from the board as of the company’s upcoming 2016 annual meeting.
Knight Transportation Adds Robert Synowicki, Roberta Roberts Shank to Board
Diversified truckload carrier Knight Transportation Inc. said Robert Synowicki Jr. and Roberta “Sissie” Roberts Shank joined its board of directors.
February 11, 2016West Virginia Supreme Court to Take Up Morgantown Truck Ban
The West Virginia Supreme Court will take up Morgantown’s truck ban when it comes to the WVU College of Law on March 1.
Oakland Port Sets Transition Plan After Terminal Operator's Bankruptcy
The Port of Oakland on Feb. 10 announced a plan to shift cargo away from terminals now being handled by a bankrupt terminal operator, saying it will pay up to $1.5 million to financially bolster operators being asked to handle the extra containers.
Jobless Claims Decline to Lowest Level in Seven Weeks
Filings for unemployment benefits in the United States declined to a seven-week low as hiring managers demonstrated confidence in the outlook after temporary adjustments around the holidays.
Analysis: FedEx, UPS Holders Shrug at Amazon's Big Shadow
Typically, the news of an Internet giant such as Amazon becoming a potential competitor sends stocks tumbling. And so it probably wouldn't have been surprising to anyone had UPS and FedEx taken a dive on a Bloomberg News report Feb. 9 that Amazon is setting its sights on the shipping industry.
TruStar Energy Adds 41 CNG Stations in 2015
TruStar Energy said it nearly doubled its number of new compressed natural gas fueling stations for public and private use in 2015 compared with 2014, adding 41 for a total of 120 stations.
February 10, 2016Dana White Paper Explores Benefits of Proper Tire Pressure
Heavy-duty supplier Dana Holding Corp. said it published a white paper for the commercial-trucking industry that presents properly adjusted tire pressure as a solution to prevent blowouts and other tire events, improve fuel economy and reduce operating costs.
February 10, 2016Profile: Who Is Indicted Ex-Pilot Flying J President Mark Hazelwood?
Mark Hazelwood was once a fast-rising executive at the largest truck-stop chain in the United States. Now he's facing what could be the fight of his life, after federal indictment on charges of fraud and witness tampering.