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.
CEOs Press Congress, Obama White House to ‘Do Everything They Can to Promote Predictability’
An economic outlook released by the Business Roundtable on Sept. 15 found that CEOs are cautious about the economy’s near-term prospects. Also, those top executives are scaling back business plans for capital investment over the next six months.
National Diesel Average Drops 1.7¢ to $2.517 a Gallon
The average price of diesel fuel in the United States declined 1.7 cents a gallon to $2.517, the Department of Energy reported Sept. 14.
September 15, 2015Stakeholders Again Urge Congress to Pass Long-Term Highway Bill
The major transportation industry stakeholders are once again urging Congress to advance a six-year highway bill before funding authority for infrastructure programs expires at the end of October.
UPS to Hire as Many as 95,000 Holiday Workers
UPS Inc. said it will add between 90,000 and 95,000 seasonal employees to support the anticipated increase in package volume that begins in November and lasts through January.
September 15, 2015TMW Systems Unveils New Products, Enhancements at TransForum Conference
Trucking management software provider TMW Systems introduced a wide variety of new services and product enhancements at its TransForum User Conference that opened Sept. 14 in Orlando.
September 15, 2015Retail Sales Rise as Consumers Look Past Turmoil
Retail sales in the United States climbed for a second straight month, a sign consumers may be looking past recent volatility in financial markets.
September 15, 2015Cargo Chief Raises $10 Million in Investor Funding
Third-party logistics company Cargo Chief said it raised an additional $10 million from investors to fuel growth, product development and expansion into additional markets.
September 15, 2015New York Area Manufacturing Shrinks for Second Straight Month
Manufacturing in the New York region contracted in September for a second straight month, reflecting declining orders and employment.
September 15, 2015DOT Awards NYC $20 Million for Connected-Vehicle Programs
Transportation Secretary Anthony Foxx on Sept. 14 announced that New York City would receive up to $20 million to advance connected-vehicle and related infrastructure concepts.
September 14, 2015Indian River Transport and FlowBelow Aero Begin Equipment Deal
Austin, Texas-based FlowBelow Aero Inc., a manufacturer of tractor-mounted aerodynamic products, announced it has partnered with tank truck carrier Indian River Transport to equip its tractors with the company’s new fuel saving AeroKit system.
September 14, 2015