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.
ATA Supports Rhode Island Trucking in Tolling Dispute With Governor
American Trucking Associations is supporting the Rhode Island Trucking Association’s strong opposition to Gov. Gina Raimondo’s toll-based transportation plan.
Fleets Must Understand Fuel-Efficiency Testing Options, NACFE Report Says
Fleets face a multitude of fuel-efficiency testing methods, each with unique contexts and applications, making comparisons challenging and confusing, and extrapolation to the real world even more so, the North American Council for Freight Efficiency said in its latest report.
January 28, 2016Port of Oakland Sees Upside in Losing Giant Tenant
To hear Port of Oakland, California, officials tell it, losing terminal operator Ports America — a major tenant — is a blessing in disguise that will create a leaner, meaner seaport. But some maritime experts say the fallout could hurt the port, a vital economic engine that supports tens of thousands of jobs related to overseas cargo.
Consumer Comfort Climbs to Highest Level in Three Months
Consumer confidence climbed last week to the highest level in more than three months as Americans held more favorable views about the buying climate and their finances.
DSV Completes Acquisition of UTi Worldwide
Danish supply chain manager and freight forwarder DSV Group said it has completed its acquisition of Long Beach, California-based forwarder UTi Worldwide for $1.35 billion.
January 28, 2016Business Equipment Orders Drop by Most in 10 Months
Orders for business equipment fell in December by the most in 10 months, a sign U.S. companies were slashing capital investment even before the turmoil in global financial markets.
January 28, 2016Jobless Claims Fall More Than Expected After Holidays
Applications for unemployment benefits in the United States declined last week from a six-month high, indicating firings remain low after the volatility typically associated with post-holiday staff adjustments.
YRC Freight Adds to Management Team
YRC Freight, the nationwide trucking operation of YRC Worldwide Inc., has added three vice presidents to its management team and promoted another to a higher post.
Atlas Air Worldwide to Acquire Southern Air
Atlas Air Worldwide Holdings said it has agreed to buy Southern Air Holdings for $110 million in cash in a move that bolsters the company’s air cargo operations in North America.
January 27, 2016MoDOT Director Says 'Tidal Wave' of Repairs on Horizon, Urges Lawmakers to Act
The new director of the Missouri Department of Transportation on Jan. 26 continued his call to boost state transportation spending.