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.
Old Dominion, Mallory Alexander Form Alliance for Ocean Freight Forwarding
Old Dominion Freight Line has formed a strategic alliance with Mallory Alexander International Logistics to provide ocean freight forwarding services.
October 8, 2015McCarthy Withdraws From House Speaker Race
House Majority Leader Kevin McCarthy, who last week pledged support for long-term highway funding, dropped out of the race for U.S. House speaker on the day his party was poised to nominate him to replace John Boehner, as an internal Republican feud erupted into open warfare on Capitol Hill.
October 8, 2015This Shrink-Wrapped Freight Locomotive Is on Its Way to Africa
A shipment of six sustainable locomotives set sail last weekend on a 6,000-mile ocean voyage to Africa, where they will soon be in operation as freight locomotives.
October 8, 2015Rahm Emanuel: ‘Your Economy Will Move in the Speed of Your Infrastructure’
WASHINGTON — Investments in freight and infrastructure projects are ideal ways for cities and metropolitan regions nationwide to realize economic growth, Chicago Mayor Rahm Emanuel said at a Carnegie Endowment for International Peace event Oct 8.
Obama Won't Support Extending Deadline for Rail-Safety Equipment
President Obama plans to enforce a deadline for rail operators to install safety technology by the end of the year, despite warnings from railroads including Union Pacific Corp. and Amtrak that they can’t meet the mandate and would have to suspend some service without an extension.
Magtec to Offer Software Integration With Telematics Providers
Magtec Products Inc. announced that it has formed a new venture to integrate its anti-theft and driver-management software with major global telematics providers.
October 8, 2015Canadian Refinery to Lower CO2 for Diesel Below US Average
North West Upgrading Inc., which refines Canadian bitumen into diesel, aims to lower emissions of the fuel below the average of U.S. producers in a bid to help the oil sands overcome its negative image, CEO Ian MacGregor said.
Firm Offers Printer That Works Across All Mobile Platforms
Brother Mobile Solutions Inc. has introduced a new wireless mobile printer that connects to smartphones, tablets and personal computers across iOS, Android and Windows operating systems.
October 8, 2015Jobless Claims Fall to Lowest Level Since Mid-July
Filings for unemployment benefits in the United States declined last week to the lowest level since mid-July, extending a run of applications near decade lows that shows dismissals remain in check.
FMCSA Says Report Supports CSA
The Federal Motor Carrier Safety Administration on Oct. 8 released a report that the agency said confirms data used in the Compliance, Safety, Accountability’s safety measurement system is able to identify truck and bus companies involved in 90% of the more than 100,000 crashes each year.