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.
The Trucking Spelling Bee: Take the Quiz!
In honor of the 2015 Scripps National Spelling Bee that took place in Washington, D.C., May 27-28, we put together a quick little Trucking Spelling Bee of our own. See how well you know the correct spelling for these trucking terms!
May 29, 2015DHL Investing $108 Million to Expand Northern Kentucky Airport Hub
DHL said May 29 it is investing $108 million in its Cincinnati/Northern Kentucky airport hub to meet growth demand in international e-commerce and global trade growth.
Hadley Selects Bronz as CEO
Truck component supplier Hadley has selected Thomas Bronz as CEO after the retirement of Robert Dubsky.
May 29, 2015Amazon Expands Free Same-Day Delivery
Amazon.com Inc. will offer free same-day delivery to Amazon Prime subscribers in 14 metropolitan areas, putting 1 in 6 Americans within reach of the online retailer’s speedy service that provides a time-saving alternative to a trip to the store.
May 29, 2015Consumer Sentiment Drops in May to Six-Month Low
Consumer confidence in the United States fell to a six-month low in May as Americans became less sanguine about the prospects for the economy.
May 29, 2015Tracy Morgan, Wal-Mart Settle Lawsuit Over Jersey Crash
Tracy Morgan and Wal-Mart Stores Inc. settled the actor-comedian’s lawsuit over a New Jersey Turnpike crash that had left him in a coma for days and killed another comedian.
May 28, 2015Crude Oil Price Falls Amid Ample US Supply, Output Gain
The price of oil fell in New York on May 27 on ample U.S. crude stockpiles as output surged to a record.
Nafta Trade Drops, But Truck Freight Rises
U.S. trade with Canada and Mexico fell in in March from a year ago to $96.1 billion, but three of five transportation modes — trucks, railroads and air — rose year-over-year, the Department of Transportation reported.
House Lawmaker’s Bill Would Add $15 Billion Annually to Highway Trust Fund
Rep. Bruce Westerman (R-Ark.) introduced legislation this month that he said would add up to $15 billion a year to the Highway Trust Fund over the next decade through changes to the Medicaid expansion match rates established under President Obama’s signature health-care law.
Accuride to Supply Daimler Trucks With Gunite Brake Drums
Component maker Accuride Corp. signed a multiyear agreement with Daimler Trucks North America to supply its cast-and-machined Gunite brake drums to Daimler’s aftermarket parts group.