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.
Diesel Down for Third Week in a Row at $2.421 a Gallon
The U.S. average retail diesel price fell for the third week in a row, down 2.4 cents a gallon to $2.421, the Department of Energy reported Nov. 30.
November 30, 2015Publication of Final ELD Rule Delayed Again
Federal regulators have failed to meet their projected Nov. 30 date for publication of the long-awaited final rule mandating the use of electronic logging devices.
Suddath Strikes Deal to Acquire The Secor Group
The Suddath Cos., one of the nation’s largest household goods movers, has acquired The Secor Group, a moving and storage firm in Washington, D.C., that has been in business for 125 years.
November 30, 2015US Gives Blessing to FedEx-TNT Merger
FedEx Corp. and Dutch counterpart TNT Express have won U.S. antitrust permission to merge, according to a listing of approved deals the Federal Trade Commission issued Nov. 24.
Amazon Unveils Unmanned Package Delivery Drones
Amazon has unveiled what its unmanned drones for package delivery would look like with a video launched on Nov. 29 on the prototype of technology it announced two years ago.
US Capitol Christmas Tree Completes Journey From Alaska, Will Be Lit Dec. 2
Lynden Transport driver John Schank has completed his 3,000-mile delivery of the U.S. Capitol Christmas Tree, which will be lit Dec. 2 by Speaker of the House Paul Ryan (R-Wis.) at 5 p.m. EST.
November 30, 2015Pending Sales of Previously Owned Homes Increase 0.2%
Contract signings to purchase previously owned homes rose less than forecast in October after declining in the prior two months, showing residential real estate is cooling heading into the quieter selling season.
FMCSA Issues Driver Coercion Final Rule
Federal regulators have issued a final rule that prohibits carriers, shippers and brokers from coercing truck drivers to violate hours-of-service and other safety regulations.
Weekly Intermodal Rail Traffic Drops 1.7%
Weekly U.S. intermodal rail traffic dropped 1.7% from the same period last year, the Association of American Railroads reported.
November 30, 2015Oil Set for Worst Month Since July as OPEC Seen Standing Firm
Oil headed for its largest monthly drop Nov. 30 since July as Iran signaled the Organization of Petroleum Exporting Countries won’t reduce its production target at a meeting this week.