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.
NACFE Report Urges Fleets to View Maintenance as Fuel-Economy Measure
Proper maintenance saves fuel. That was the key finding in the North American Council for Freight Efficiency’s latest Trucking Efficiency Confidence Report covering maintenance, the group said in releasing the report.
December 16, 2015Congress Rejects Twin 33s Trailer Provision in Funding Bill
A provision that would have authorized the use of twin 33-foot trailers nationwide did not make the final version of a large fiscal 2016 bill that would fund the federal government through September.
Travis Graham Named Champion at Tech Skills Rodeo
SAN ANTONIO — Travis Graham, a 24-year-old technician who works at Rush Truck Center in Orlando, Florida, was named All-Around Champion and heavy-duty division Grand Champion at the company’s “Tech Skills Rodeo” here.
Factory Production Stagnates on Less Output of Durables
Manufacturing stagnated in November, held back by less production of durable goods such as automobiles and metals that reflects weak global demand.
Housing Starts Top Forecasts, Led by One-Family Homes
New-home construction in the United States rebounded in November, led by gains in single-family dwellings that signal the residential real estate industry will continue to support growth in the world’s largest economy.
December 16, 2015Largest Container Ship Ever to Visit United States Arriving Dec. 26
The largest containership to ever call at a U.S. port will arrive Dec. 26 at the Port of Los Angeles and Dec. 31 at the Port of Oakland, California.
Mack Trucks to Lay Off 400 at Lehigh Valley Plant
Mack Trucks said Dec. 15 it will lay off about one-fifth of its Lehigh Valley, Pennsylvania ,employees in late January, one of the largest local-job announcements from the heavy-duty truck manufacturer since it decided to move its headquarters from Allentown to North Carolina six years ago.
Former Con-way, Coyote Executive Tommy Barnes Joins Project 44
Trucking industry veteran Tommy Barnes has been named president of Project 44, a Chicago-based transportation technology startup that enables shippers and carriers to exchange data on freight rates and service through a secure Internet connection.
December 15, 2015Cass Freight Shipment Index Report Little Changed From October
The Cass Freight Index of shipments held steady last month, compared with October, and fell 5.1% from November of last year as the economy remained sluggish.
December 15, 2015Parcel Firms Fined $737 Million for French Price Fixing
France’s competition watchdog fined parcel delivery services including units of Deutsche Post AG’s DHL, FedEx Corp. and TNT Express NV a combined 672.3 million euros ($737 million) for colluding to increase fees.