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.
Shuster Predicts Highway Bill Will Reach Obama This Year
PHILADELPHIA — House Transportation and Infrastructure Committee Chairman Bill Shuster (R-Pa.) said Oct. 19 that he expects a six-year highway funding bill to reach the House floor next week and the White House before the beginning of 2016.
October Truck Orders Will Fall, DTNA Says
PHILADELPHIA — The October report on Class 8 truck orders that is coming out in early November will not look good, said the CEO of Daimler Trucks North America, but that will be because numbers will be compared to a highly unusual corresponding month last year.
WEX in Agreement to Buy Electronic Funds Source for $1.1 Billion
Payment solutions provider WEX Inc. has entered into a definitive agreement to acquire Electronic Funds Source for $1.1 billion and 4 million shares to be issued to investment funds affiliated with Warburg Pincus, EFS' current owner.
October 19, 2015Saddle Creek Upgrades CNG Infrastructure as Fleet Hits 50 Million-Mile Mark
Saddle Creek Logistics Services said its compressed natural-gas fleet of 200 heavy-duty trucks reached the 50 million-mile mark in October. It also recently completed a $1.5-million upgrade to the CNG fueling facility at its Lakeland, Florida, headquarters, by adding more efficient time-fill stations.
October 19, 2015Stanley McChrystal: Teamwork, Better Communications Boost Business
PHILADELPHIA — Board rooms, assembly lines and deliveries on the roadways can be improved by enhancing the way managers and employees communicate, retired Army Gen. Stanley McChrystal told industry executives here Oct. 19.
Share the Road, America's Road Team Programs Saluted
PHILADELPHIA — Incoming Chairman Pat Thomas proudly introduced American Trucking Associations’ top ambassadors at the annual Management Conference & Exhibition on Oct. 19 here.
Airport for Drones Moving Freight Planned in Rwanda
Rwanda may become the base for a network of so-called droneports for remote-controlled aircraft to deliver urgent cargo to remote parts of the tiny country known as the Land of a Thousand Hills.
Homebuilder Confidence Reaches Decade High on US Sales Outlook
Confidence among U.S. homebuilders climbed in October to a 10-year high, a sign demand for housing may remain solid in the months to come.
October 19, 2015EPA’s Grundler Praises SmartWay Partnership With ATA
PHILADELPHIA — While industry and government often don’t see eye to eye on regulation, the Environmental Protection Agency and American Trucking Associations agree that SmartWay is a program that works.
Experts Maintain U.S. Economy Still World’s Strongest, and Trucking Benefits
PHILADELPHIA — The flawed and imperfect U.S. economy is, and will remain well into 2016, the world’s strongest producer — and trucking will benefit from that, two economists offering forecasts said here.