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.
Three Elephants Transported by Truck from Calgary Zoo to D.C.
Pandas are frequent fliers on FedEx Corp. and UPS Inc., but for moving elephants 2,480 miles across North America, the zoos in Washington, D.C., and Calgary, Alberta, chose heavy-duty tractors pulling drop-deck trailers to transport three adult female Asian elephants.
Garcetti Taps APL’s Seroka to Replace Knatz as L.A. Port Chief
Los Angeles Mayor Eric Garcetti nominated American Presidents Line executive Gene Seroka to be the next executive director of the Port of Los Angeles, the mayor’s office announced May 27.
Diesel Continues Slow Decline, Dipping 0.9¢ to $3.925 a Gallon
Diesel continued its slow string of declines, sliding 0.9 cent to $3.925 a gallon, the Department of Energy reported May 27.
Old Dominion Boosts 2Q Freight Outlook
Old Dominion Freight Line raised its second-quarter outlook for growth in its less-than-truckload revenue per hundredweight, excluding fuel surcharges.
May 27, 2014Connecticut Diesel Tax Will Drop Slightly on July 1
Truckers buying fuel in Connecticut will get a bit of a break starting July 1 when the state tax on diesel drops 0.4 cents per gallon.
Calif. Approves Plan for Trucks to be Electric Powered by 2050
California environmental regulators have approved an update to the state’s long-term greenhouse-gas emissions plan that calls on the trucking industry to transition from diesel to mostly electric and hydrogen-powered vehicles by 2050.
Missouri Governor Sets Aug. 5 for Voters to Decide on Transportation Tax
Missouri Gov. Jay Nixon (D) announced he is putting the proposed constitutional amendment to raise the sales tax to pay for transportation on the Aug. 5 primary election ballot.
DOT’s Foxx To Deliver Keynote At ‘Data Palooza’ June 3
Managing large sets of freight data effectively improves officials’ ability to make roadways safer, improving the distribution of goods around the country, Transportation Secretary Anthony Foxx will tell data experts when they meet for an annual conference in Arlington, Virginia, June 3.
USA Truck Adds 2 New Board Members
USA Truck Inc. announced the appointments of Vadim Perelman and Thomas Glaser to the company’s board of directors.
May 27, 2014April Trailer Orders Rise 20.2%
Trailer orders rose 20.2% in April as demand for new equipment continued to surpass year-ago levels, ACT Research reported.