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.
Commercial Vehicle Demand Softens in China, ACT Reports
The pace of China’s economy tapered in the third quarter, leading to a slower rate of growth in truck demand, according to the most recent quarterly China Commercial Vehicle Outlook, published jointly by ACT Research Co. and China’s State Information Center.
Nominations Open for 2015 Woman in Trucking Award
Women in Trucking Association and Navistar Inc. are seeking candidates for the 2015 Influential Woman in Trucking award.
December 22, 2014UPS Turns Parking Lots Into Sorting Centers to Add Speed
Outside a brick-and-mortar sorting facility in suburban Atlanta, UPS has built its own Christmas village.
C.R. England Promotes McGeean to Chief Financial Officer
Refrigerated truckload carrier C.R. England Inc. promoted T.J. McGeean to chief financial officer, taking over the top finance job from Josh England, who has served as president and CFO since 2013.
December 22, 2014Orr Named President of Con-way Multimodal
Gregory Orr has been promoted to president of Con-way Multimodal, the freight brokerage division of Con-way Inc. unit Menlo Logistics, the company said Dec. 22.
December 22, 2014Sales of Existing Homes Decline in November
Purchases of previously owned U.S. homes dropped more than forecast in November as residential real estate struggles to sustain its recovery even as borrowing costs remain low.
December 22, 2014Santa Comes Early at Pump as Gasoline Falls to Lowest Since 2009
The average price of regular gasoline at U.S. pumps slid to the lowest level since May 15, 2009, dropping 24.7 cents in the two weeks ended Dec. 19 to $2.47 a gallon, according to Lundberg Survey Inc.
Finishing Strong
In many fields, one of the most prized attributes a person can have is finishing strong. Runners are praised for having a late kick to the finish line. Good politicians and lawyers are renowned for delivering a strong closing argument. In baseball, you’ll often see hitters finish their batting practice on a line drive so they can “remember the feeling.”
December 22, 2014Reversing HOS Restart Restrictions
In many respects, the $1 trillion “Cromnibus” law signed by President Obama on Dec. 16 is a legislative monster, but a passage of surpassing loveliness to us is the reprieve on the hours-of-service restart provision that sends us back to June 30, 2013 — at least for a while.
December 22, 2014Michigan-Based Fleet Sues Wabash National; Claims Trailers Exceed Legal Height Limits
A Michigan trucking company is seeking repayment and damages from Wabash National Corp. and one of its dealers after purchasing 30 trailers it said it cannot operate because they exceed legal height limits.
December 22, 2014