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.
Nafta Trade Value Declines 8.8% in September
The value of U.S. trade with Canada and Mexico in September decreased by 8.8% year-over-year to $93.2 billion, although truck freight value slipped by just 0.1%, according to the U.S. Department of Transportation.
November 24, 2015TMAF Opens Online Shop With Branded Items
Trucking Moves America Forward has opened an online store, SHOP TMAF, as a next step in an extension of the industrywide image and education movement’s awareness and branding goals.
November 24, 2015Diesel Average Drops to Lowest Price Since June 2009
The U.S. average retail diesel price fell 3.7 cents a gallon to $2.445, its lowest point in nearly 6 1/2 years, the Department of Energy reported Nov. 23.
Former UPS Executive, Three-Term Congressman Wellman Dies at 61
Arnold Wellman, former president of global public affairs at UPS Inc. and a three-term congressman from Connecticut, died Oct. 7 of complications related to a lung transplant. He was 61.
Quala Acquires Gator Environmental & Rentals Inc.
QualaWash Holdings LLC, a unit of Roark Capital Group, said it acquired wastewater services company Gator Environmental & Rentals Inc.
November 24, 2015Economy Grows More Than First Estimated on U.S. Stockpiles
The U.S. economy expanded at a faster pace in the third quarter than previously reported, reflecting a smaller hit from efforts to rein in bloated inventories.
November 24, 2015Home Prices Rise More Than Expected in September
Home prices in 20 U.S. cities climbed more than forecast in September from the same month last year, signaling residential real estate is sustaining momentum.
November 24, 2015Wal-Mart, Insurers Battle in Court Over Payments in Morgan Case
Wal-Mart Stores Inc. and two insurers are battling in multiple courtrooms over portions of the legal settlement arising from the 2014 crash between one of the retailer’s trucks and a van carrying comedy star Tracy Morgan and three colleagues.
New American Highway Users Alliance Study Identifies Top 50 Bottlenecks in US
A new study decrying the state of the nation’s congested highways arrived just in time for the holidays as a record 47 million Americans hit the road and Congress begins debating the merits of a long-term highway bill, several transportation leaders said at a Nov. 23 news conference.
DOT Undersecretary Peter Rogoff to Take CEO Post at Seattle Transit Agency
The U.S. Department of Transportation’s undersecretary for policy, Peter Rogoff, will step down in a few weeks to take over operations at Seattle’s transit agency.
November 23, 2015