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.
Homebuilder Sentiment Extends Record Decline to 12 Months
U.S. homebuilder sentiment fell every month in 2022, sinking in December to a level not seen in more than a decade outside of the pandemic amid elevated mortgage rates and high construction costs.
Union Pacific Puts Shipping Limits on Hold
Union Pacific says it will stop imposing temporary limits on certain businesses’ shipments while it reviews the policy that federal regulators and shippers criticized at a hearing in mid-December.
Rush Enterprises CEO Cites Technician Retention as Key Challenge
SAN ANTONIO — Rush Enterprises Inc. CEO W.M. “Rusty” Rush called retention the biggest obstacle that the trucking technician sector faces.
Pressure Systems International Announces Organizational Appointments
Pressure Systems International announced Dec. 13 it has appointed James Sharkey president, overseeing domestic and international operations.
December 16, 2022Ryder Plans New Multiclient Distribution Center Near Chicago
Ryder System Inc. will open its 10th multiclient distribution center in the greater Chicago area, the company announced Dec. 14.
December 16, 2022November Trailer Orders Climb to Year’s Second Best
November trailers orders in the U.S. spiked to the year’s second-best level, behind a strong October, ACT Research reported, citing trailer makers’ preliminary final data.
OSHA Cites Amazon for Failing to Record Warehouse Injuries
Amazon.com Inc. failed to record injuries and illnesses at warehouses around the U.S., according to federal workplace safety regulators, a finding that undermines the company’s pledges to improve worker safety in its facilities.
Trucker Path Increases Load Availability With Transport Pro Partnership
Trucker Path will allow brokers using Transport Pro to post loads on its platform as part of an integration, the companies announced Dec. 13.
December 16, 2022Mack Adds Order for LR Electric Refuse Truck
Mack Trucks announced the city of Cambridge, Mass., has ordered two Mack LR Electric models to help move toward its goal of having a fully electric fleet. The Mack LR electric vehicles will be the first Class 8 electric trucks in the refuse collection fleet in the city across the Charles River from Boston.
December 16, 2022Recruitment Normalizes After Freight Surge Slows
Recruitment trends in trucking began returning to more normalized levels after a frenzied start to the year that was very much influenced by the COVID-19 pandemic.