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.
N.Y.-N.J. Authority Delays Bayonne Bridge Project Two Years
The Port Authority of New York and New Jersey announced a nearly two-year delay in completing a $1.3 billion bridge raising project that would allow the largest containerships to reach the third-largest U.S. port.
October 2, 2015Volvo Goes Solar at Hagerstown Powertrain Plant
Volvo Group North America has installed 5,000 solar panels at its Hagerstown, Maryland, powertrain manufacturing plant.
October 2, 2015PHMSA Taps 11 Universities for Pipeline Safety Research
The Pipeline and Hazardous Materials Safety Administration on Sept. 30 gave 11 universities almost $2 million to examine pipeline safety.
October 1, 2015Celadon Trucking Acquires Assets from Tango Transport
Celadon Group Inc. said its subsidiary Celadon Trucking Services has purchased select assets of the truckload business of Tango Transport.
October 1, 2015ATA Announces Sessions, Speakers For MCE in Philadelphia Oct. 17-20
American Trucking Associations announced several featured general sessions for its 2015 Management Conference & Exhibition, scheduled for Oct. 17-20 in Philadelphia.
October 1, 2015Wells Fargo to Acquire GE’s Railcar Leasing Business
Wells Fargo & Co., the world’s largest bank by market value, agreed to buy the bulk of a railcar- and locomotive-leasing unit from General Electric Co. as the industrial giant retreats from financial services.
Driver Restart Data Collection Concluded, FMCSA Says
The Federal Motor Carrier Safety Administration announced Oct. 1 that it has concluded the five-month, data-collection phase of the agency’s study evaluating the effects the hours-of-service restart provision is having on drivers.
Manufacturing Deteriorates on Weaker Global Demand
American manufacturing stagnated in September as a stronger dollar and faltering overseas markets led to the slowest pace of orders since November 2012.
October 1, 2015Consumer Comfort Reaches Highest Level Since Mid-July
Consumers were more upbeat last week than at any time since mid-July as Americans held the most favorable views of the buying climate in three months.
October 1, 2015Oil Caps Weakest Quarter Since 2009 as Global Glut Seen Growing
Oil slipped, capping the lowest quarterly average price since the start of 2009 as U.S. crude inventories climbed.