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