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.
Long Beach Container Business Rises 6.3% in October
Container traffic at the Port of Long Beach, California, rose 6.3% last month, with help from increased exports, to post the best October total in eight years.
November 10, 2015Crude Oil Rises From Two-Week Low as Market Appears to Tighten
Oil climbed from a two-week low amid speculation that the buildup of U.S. crude inventories will soon end as refinery demand increases.
Wage Gains Seen for Workers at Small Companies
Wage growth is poised to accelerate at small U.S. companies this month after a slowdown in October.
Introducing Top 100 For-Hire Individual Company Pages
Transport Topics has expanded its Top 100 For-Hire Carrier rankings to include individual company pages with previously unpublished data for every company on our list. Check it out, and watch for our randomly selected Top 100 Company of the Day on the bottom of ttnews.com each weekday morning!
November 9, 2015Canadian Pacific Said to Explore Norfolk Southern Takeover
Canadian Pacific Railway, the second-largest railroad in Canada, is exploring a takeover of U.S. carrier Norfolk Southern Corp. in a fresh attempt to consolidate the North American industry, according to people familiar with the matter.
Alabama Governor Endorses Fuel-Tax Hike, Predicts it Will Pass in 2016
Alabama Gov. Robert Bentley said he believes that the state’s Legislature will pass a fuel-tax increase that he has endorsed to pay for infrastructure improvements.
FourKites Wins Dismissal of MacroPoint Patent Suit
A U.S. District Court judge dismissed a suit by freight tracking technology provider MacroPoint that competitor FourKites had infringed on a MacroPoint patent.
November 9, 2015Global GDP Worse Than Official Forecasts Show, Maersk Says
The world’s economy is growing at a slower pace than the International Monetary Fund and other large forecasters are predicting.
November 9, 2015Homes Evacuated as Second Train in Two Days Derails in Wisconsin
A Canadian Pacific freight train carrying crude oil through Wisconsin derailed on Nov. 8, knocking 13 cars off the tracks, spilling oil and leading 35 homes to be evacuated, in the state's second derailment in two days.
Evolving Battery Systems Could Hold Key To Better Reliability, Power Management
Trucking industry groups and suppliers are exploring a variety of battery technologies that could better manage the power demands of tomorrow’s trucks while providing greater longevity and reliability.