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.
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.
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.
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.
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.
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, 2016International 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, 2016Bridgestone 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, 2016Port 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.
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'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.