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.
Beverly Scott's NTSB Nomination Withdrawn
Beverly Scott’s nomination for the vacancy on the five-member National Transportation Safety Board was withdrawn Oct. 6.
Don Lynn Appointed ATA Senior Vice President of Sales and Marketing
American Trucking Associations has promoted Don Lynn to senior vice president of sales and marketing.
October 6, 2015Orbcomm Acquires Assets of WAM Technologies
Orbcomm Inc. has agreed to acquire assets of WAM Technologies, a company that provides systems to monitor temperature and location of refrigerated ocean containers and related intermodal equipment.
October 6, 2015McLeod Launches Carrier-Branded Mobile App for Drivers
McLeod Software has launched a mobile application for drivers, its latest tool designed to boost productivity and improve driver retention for its fleet customers.
Paccar Introduces MX-11 Engine to North American Market
Paccar introduced its MX-11 engine to the North American market after installing more than 10,000 in Europe since 2013.
October 6, 2015Flood-Ravaged South Carolina Gets $5M in Emergency Road Repair Funds
After severe flooding paralyzed areas in the central part of the state, South Carolina was awarded $5 million in federal funds to fix key roadways and bridges, Transportation Secretary Anthony Foxx announced Oct. 6.
N.J. Transportation Commissioner Resigns
A little over a year after he became New Jersey’s transportation commissioner for the second time, Jamie Fox is leaving on Oct. 9 to return to the private sector.
Driver Shortage Worsened This Year, ATA Says
The truck driver shortage has worsened in the past year, reaching nearly 48,000 workers by the end of 2015, or about 10,000 more than last year, American Trucking Associations reported.
October 6, 2015Trade Gap in US Widened in August by Most in Five Months
The U.S. trade deficit widened in August by the most in five months as imports picked up and weaker overseas growth limited sales to customers abroad.
Growth in US Services Cools in September as Orders Slow
The pace of growth in U.S. service industries cooled last month from the best readings in a decade, a sign consumers may be taking demand down to a more sustainable level in the face of global weakness.
October 6, 2015