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.
OPEC to Maintain Current Oil Output
OPEC ministers extended their campaign to restrain rival oil producers by continuing to pump oil into a global supply glut and keeping their combined daily production target at 30 million barrels.
June 5, 2015NFI Opens Distribution Center in Partnership with Rent-A-Center
Transportation firm NFI Industries said it has opened a distribution center in Lancaster, Texas, as part of a supply-chain partnership with Rent-A-Center.
June 5, 2015Covenant Transport Offers Hazmat Driver Pay Guarantee
Covenant Transport announced a new compensation package for experienced hazardous material team drivers that guarantees weekly pay of $1,000.
June 5, 2015Volvo Group Says it Reached Energy-Efficiency Goal Five Years Early
Volvo Group North America said it has reduced energy consumption at its eight U.S. manufacturing plants by 26.8% compared with 2009 levels, achieving its efficiency goal under the U.S. Department of Energy’s Better Buildings Challenge five years early.
June 5, 2015Trucking Adds 8,600 Jobs in May; US Payrolls Rise by 280,000
Trucking added 8,600 jobs in May, up substantially from April, and U.S. employers added 280,000 workers to payrolls, the Labor Department reported June 5.
UTi Worldwide Narrows Fiscal-Quarter Loss
UTi Worldwide Inc. narrowed its loss for the fiscal 2016 first quarter to $35.4 million, or 35 cents per share, from the prior year period loss of $43.4 million that included one-time debt reduction costs.
June 5, 2015Scania to Test Overhead Line-Powered Trucks in Real-World Conditions
Scania said it will begin testing electric trucks powered by overhead lines in real-world conditions starting next February.
June 5, 2015Josh Owen, Leader in Trucking, Dies; President of Ability Tri-Modal Was 43
Josh Owen, the president of Ability-Tri-Modal Transportation Services, died June 1 in his sleep. He was 43.
June 4, 2015House Vote on Transportation Funding Expected June 9
Republican leaders of the U.S. House announced that final consideration of a fiscal 2016 transportation funding bill likely will occur June 9.
June 4, 2015ATA Seeks Mike Russell Trucking Industry Image Award Nominations
American Trucking Associations is seeking nominations for its annual Mike Russell Trucking Industry Award.
June 4, 2015