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.
December Payrolls Rise by Most in a Year, ADP Says
Companies boosted payrolls in December by the most in a year, indicating the U.S. job market had momentum as 2015 came to a close, according to a private report based on payrolls.
Truckers in Higher Demand Than Any Other Occupation in West Ohio
The demand for qualified job applicants in Ohio is as robust as it has been in the past five years, particularly in the trucking and nursing industries.
DTNA to Lay Off 30% of Workers at Heavy-Duty Plant in North Carolina
Daimler Trucks North America announced it will lay off an estimated 936 employees, or 30%, of the 3,100 workers at its Cleveland Truck Manufacturing Plant in Cleveland, North Carolina, where it manufactures heavy-duty Freightliner and Western Star trucks.
John Labrie Named CEO at Network Global Logistics
Former Con-way and CRST International executive John Labrie has been named CEO at third-party logistics provider Network Global Logistics, replacing Scott Riddle.
January 5, 2016FedEx Threatens to Move Tennessee Technology Center if It Doesn't Get 20 More Years of Tax Breaks
FedEx is threatening to move its massive information technology center out of Collierville, Tennessee, if the town government doesn't give the company millions of dollars worth of additional tax breaks over 20 years.
Largest Containership to Call on US Sails Home
Port of Oakland, California, leaders exulted Jan. 4 over success of the maiden visit of the mega containership CMA CGM Benjamin Franklin, which tested the port's years of planning and millions of dollars spent to bring in such large ships.
Panama Canal Completes 96% of Expansion Project
The Panama Canal Authority has completed 96% of the work on its expansion project, which will more than double the critical waterway’s capacity when it is finished and open to vessels later this year.
January 5, 2016Ohio-Based Integrity Express Logistics Expands in Tampa
Ohio-based Integrity Express Logistics has opened a branch office in Tampa, Florida, with 20 employees and plans to hire 50 more in the coming months.
Diesel Falls Again, Down 2.4¢ to $2.211
The U.S. average retail diesel price fell for the eighth consecutive week, down 2.4 cents a gallon to $2.211, the Department of Energy reported Jan.4.
January 4, 2016Man Behind Mack Trucks' Museum Plans to Call it a Career After 58 Years
At the age of 80, Don Schumaker, the curator emeritus of the Mack Trucks Historical Museum in Allentown, Pennsylvania, plans to retire this year after 58 years at the museum. Maybe. He's tried to retire from Mack before.