Business

About Business News...

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.

Business

Port of Los Angeles Terminal Fails to Comply With Pollution-Reduction Mandates, Officials Say

The Port of Los Angeles has failed to meet pollution-reduction requirements at another shipping terminal, city officials said Feb. 1, their second such admission in recent months.

Tony Barboza | Los Angeles Times
February 2, 2016
Business

PortMiami Preparing for Service to Cuba

Interest in Cuba-bound ferries has been high enough at PortMiami that officials are looking for ways to create temporary terminals to accommodate operators wanting to launch overnight runs to Havana every day.

Douglas Hanks | Miami Herald
February 2, 2016
Business, Fuel

Diesel Drops 4¢ to $2.031; Price is Less Than a Penny From Lowest Ever for ULSD

The U.S. retail diesel average fell for the 12th consecutive week, dropping 4 cents a gallon to $2.031 and putting it just eight-tenths of a cent higher than the lowest price ever in the era of ultra-low-sulfur diesel, the Department of Energy reported.

Roger Gilroy | Senior Reporter
February 1, 2016
Government, Business

Arkansas Gov. Asa Hutchinson's Landmark Transportation Plan Includes Sales Tax Revenue

Asa Hutchinson isn’t known for his progressive views on taxes, but the conservative Republican is the first governor in Arkansas history to propose using general revenues to help fund transportation.

David Elfin | Staff Reporter
February 1, 2016
Business

Turnover Rate Climbs at Large Carriers, Drops for Small Carriers

The annualized turnover rate at large truckload carriers rose 13 points to 100% in the third quarter of 2015, the highest it has been in three years, according to American Trucking Associations Chief Economist Bob Costello.

February 1, 2016
Business

International Launches Class 8 Vocational HX Series

Correction: International Truck introduced four Class 8 vocational trucks as part of its new HX Series to replace its PayStar models. An earlier version of this story had an incorrect reference to the model being replaced. 

February 1, 2016
Business, Equipment

Bridgestone Issues Voluntary Safety Recall for 36,000 Trailer Tires

Bridgestone Americas Tire Operations issued a voluntary safety recall of an estimated 36,000 FS561 tires in size 255/70R22.5 used on severe-service trailers.

February 1, 2016
Business

Port of Wilmington to Get $21.6 Million for Dredging Project

The N.C. State Ports Authority board agreed to spend up to $21.6 million on a project to widen the Port of Wilmington's turning basin to accommodate larger ships.

Tim Buckland | Star-News (Wilmington, N.C.)
February 1, 2016
Business

Dana Acquisition Expands Aftermarket Presence

Heavy-duty supplier Dana Holding Corp. has acquired Magnum Gaskets, a supplier of aftermarket gaskets and sealing products for commercial-vehicle and automotive applications.

February 1, 2016
Business, Government

'We're Out of Space,' Georgia Ports Authority Says

Anyone looking for independent proof that Georgia Ports Authority is the fastest-growing container port in the country need look no further than the area’s historically low industrial vacancy rates.

Mary Carr Mayle | Savannah (Ga.) Morning News
February 1, 2016