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.
Man 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.
EPA Certifies Cummins On-Highway Engines as Meeting 2017 GHG Standards
Cummins Inc., the only independent engine maker in the U.S. market, said earlier this month the Environmental Protection Agency has certified its on-highway diesel and natural-gas engines, ranging from 5 to 15 liters, as compliant with second step of the federal greenhouse gas and fuel-efficiency Phase I standards set to take effect in January 2017.
January 4, 2016TAG Truck Center Plans $20 Million Development at Former Mall Site
A Memphis, Tennessee-based freight truck dealership plans to build a $20 million center on the old Mall of Memphis property it recently purchased for $3.9 million.
Trimac Buys Assets from Transport Rollex
Trimac Transportation Ltd. has purchased assets from Transport Rollex Ltee to carry bulk liquids under contract to Canadian and U.S. destinations from a Quebec chemical plant.
January 4, 2016Online Surge Raises Questions About Delivery Network
A 20% surge in online holiday shopping — much of it just days before Christmas — brought the retailing and shipping industries closer to a tipping point many experts think is inevitable.
Washington Moves Cause Biodiesel Prices to Jump 10%
Spot biodiesel prices have jumped at least 10% because of moves in Washington since Nov. 30, when the Obama administration increased consumption targets for the fuel. About three weeks later, Congress reinstated a $1-a-gallon tax credit for blending it.
Norman Brothers Named Senior Vice President, General Counsel at UPS
UPS Inc. appointed Norman Brothers to the newly created position of senior vice president, general counsel and corporate secretary in a realignment of top management.
January 4, 2016What to Know About the Government's Latest Construction Numbers
Here’s one key takeaway from the Commerce Department’s report Jan. 4 on U.S. construction spending: The 0.4% decrease in November, which itself was weaker than the most pessimistic Bloomberg News survey forecast, was accompanied by downward revisions to prior months.
Manufacturing Contracts at Fastest Pace in Six Years
Manufacturing in the United States contracted in December at the fastest pace in more than six years as factories, hobbled by sluggish global growth, cut staff at the end of 2015.
Asia's Shipping Lines Are Facing More Mergers
Swim or sink: That’s the message shipping executives in Asia are taking into the new year.