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.
PhilaPort Terminal Gets $20.3 Million Grant to Ease Truck Congestion
The Port of Philadelphia will have less truck congestion and more capacity thanks to a $20.3 million federal infrastructure grant award.
The US Is Exporting Record Oil and Fuel Even as East Coast Faces Shortages
The U.S. exported a record amount of crude and fuel in mid-October, even as the East Coast grapples with shortages of both diesel and gasoline.
Rush Enterprises Returns Strong Q3 Results
North American truck dealer Rush Enterprises Inc. reported a surge in third-quarter net income and revenue, amid ongoing pent-up demand for commercial vehicles and growth in aftermarket services.
Trucking’s Concerns Shared on a Global Scale
SAN DIEGO — The head of Werner Enterprises said trucking must do a better job globally of promoting itself to potential entrants by outlining how the industry provides a path to rewarding careers.
Goods-Trade Deficit Widens for the First Time Since March
The U.S. merchandise-trade deficit widened in September for the first time in six months as imports grew and some exports plunged.
EU, US Set Up Task Force to Resolve Electric Vehicle Feud
The U.S. and the European Union have set up a task force to resolve a dispute over electric vehicle batteries that the EU says would discriminate against manufacturers in the 27-nation bloc and break World Trade Organization rules.
October 26, 2022Ruan’s Dan Van Alstine Takes Reins as ATA’s 78th Chairman
SAN DIEGO — American Trucking Associations wrapped up its 2022 Management Conference & Exhibition with an evening of celebration after electing Dan Van Alstine as the federation’s 78th chairman.
Buttigieg Promotes Trucking’s Economic Contributions
SAN DIEGO — Transportation Secretary Pete Buttigieg celebrated the contributions of the millions of commercial drivers who are engaged in advancing the country’s economy at American Trucking Associations' Management Conference & Exhibition Oct. 25.
Trucking Positioned to Weather a Recession, Costello Says
SAN DIEGO — American Trucking Associations Chief Economist Bob Costello said Oct. 25 the trucking industry should be fairly well insulated from a potential recession in 2023.
Texas Instruments’ Forecast Signals Chip Demand Slump Is Spreading
Texas Instruments Inc., whose chips go into everything from home appliances to missiles, gave a weak sales forecast for the current quarter, indicating that the falloff in semiconductor demand is spreading beyond computing and phones.