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.

Government, Business

Wyoming DOT Director Bill Panos Loses Interim Tag

Bill Panos, who had been serving as the interim director of Wyoming’s Department of Transportation since Oct. 12, was named to the full-time role by Gov. Matt Mead on Jan. 6.

David Elfin | Staff Reporter
January 7, 2016
Government, Business

N.Y. Gov. Andrew Cuomo Proposes Slashing Tolls for Thruway's Frequent Users

New York Gov. Andrew Cuomo wants to slash tolls for the Thruway's most frequent customers and keep the costs at current rates for all other drivers for the next four years.

David Elfin | Staff Reporter
January 7, 2016
Business

Consumer Comfort Rises as Americans Turn More Upbeat on Economy

Consumer confidence in the United States climbed to a 12-week high, boosted by improving household attitudes about the state of the economy.

January 7, 2016
Business

Applications for Jobless Benefits Decrease

Fewer Americans filed applications for unemployment benefits last week, a sign the U.S. labor market remained robust entering 2016.

Sho Chandra | Bloomberg News
January 7, 2016
Business, Logistics

Exel Changing Name to DHL Supply Chain

Exel, the Westerville, Ohio, firm ranked No. 6 on the Transport Topics list of the Top 50 largest logistics companies in North America, has announced it is changing its name to DHL Supply Chain in 2016.

January 6, 2016
Government, Business, Fuel, Safety

Kentucky Gov. Matt Bevin Cuts Transportation Budget

Gov. Matt Bevin’s first move on transportation in Kentucky was to slash $112.5 million from the state budget in that area because of a revenue shortfall blamed on less money coming in from fuel taxes.

David Elfin | Staff Reporter
January 6, 2016
Business

NTSB Releases Haunting Video of El Faro Wreckage on Ocean Floor

The first video footage of the wreckage from the El Faro, the containership that was carrying four crewmen from Maine when it sank during a hurricane in the Bahamas last October, was released Jan. 3 by the National Transportation Safety Board.

Dennis Hoey | Portland (Maine) Press Herald
January 6, 2016
Business, Government

Port of Virginia Signs Trade Pact With Cuba

Port officials in Virginia and Cuba have signed a pact expected to increase agricultural exports to the Caribbean nation, Gov. Terry McAuliffe announced Jan. 5.

Robert McCabe | The (Norfolk) Virginian-Pilot
January 6, 2016
Business, Fuel

Oil Drops to 11-Year Low Despite Tension Between Saudi Arabia, Iran

Oil prices dropped over 2% toward its 11-year low Jan. 5 as traders shrugged off growing tension between two of the world's biggest oil producers and focused on a stronger U.S. dollar and swelling U.S. crude inventories.

Catherine Ngai | Reuters
January 6, 2016
Business, Logistics

LoadMatch Logistics Changes Name to ArcTransit

LoadMatch Logistics has changed its name to ArcTransit to better reflect its business as a full-service transportation provider.

January 6, 2016