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.
Trade Deficit Widens, Showing Effect of Strong US Dollar
The trade deficit in the United States widened in June as the strong dollar lifted imports and hobbled exports, representing a hurdle for economic growth.
Service Industries Expand at Fastest Pace in a Decade
America’s service providers from restaurants to real estate agencies expanded in July at the strongest pace in a decade, putting the U.S. economy on track for faster growth.
August 5, 2015Celadon Announces Executive Changes
Truckload carrier Celadon Group Inc. announced that it has appointed Paul Will as chairman and CEO and Eric Meek as president and chief operating officer.
August 4, 2015US DOT’s Instagram Account to Be Filled With Infrastructure Fails
The U.S. Department of Transportation is looking for photos of local infrastructure failures to highlight Congress’ inability to pass a long-term highway bill.
August 4, 2015Lawsuit Challenging N.Y. Thruway Authority’s Use of Toll Revenue for Canals Reinstated by Court
A federal appeals court has reinstated a lawsuit challenging the New York Thruway Authority’s use of millions of dollars in toll revenues to maintain the state’s canal system used mostly by tourists.
Cline Wood Agency Sold to Marsh & McClennan
Marsh & McLennan Agency, a unit of global insurer Marsh, announced the acquisition of trucking and commercial agriculture's Cline Wood Agency, a Kansas City-area company.
August 4, 2015Diesel Average Falls for 10th Consecutive Week to Lowest Price Since 2009
Diesel’s national average price declined for the 10th consecutive week, dropping 5.5 cents to $2.668 per gallon, according to a report from the Department of Energy on Aug. 3.
August 4, 2015Aggressive Roadcheck Inspections Lead to Bump in Citations
U.S. truck and bus safety inspections surged in early June, coinciding with International Roadcheck, the safety campaign by North American law enforcement departments.
Dicom Transportation Buys Courier Express Enterprises
Dicom Transportation Group has acquired Courier Express Enterprises to add last-mile delivery capabilities in the Eastern United States as the buyer’s acquisition pace accelerates.
August 4, 2015Tennessee Gov. Begins Tour of State’s Aging Infrastructure
Tennessee Gov. Bill Haslam (R) will visit 15 cities across the state over the next two months to draw attention to aging roads and bridges needing repair.