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.
Wisconsin Makes Move Among State Efforts to Address Fuel Prices
Wisconsin’s new emergency order to stop gas and diesel price gouging is among the latest moves by several governors to lessen the impact of rising fuel prices.
Durable Goods Orders Exceed Forecast
Orders placed with U.S. factories for durable goods rose more than expected in May, suggesting business investment so far remains firm even in the face of rising interest rates and mounting concerns about the economy.
Average Gasoline Price Drops 4 Cents to $5.05 a Gallon
CAMARILLO, Calif. — The average U.S. price of regular-grade gasoline fell by 4 cents per gallon in the past two weeks to $5.05 for regular grade, it was reported June 26.
June 27, 2022Perspective: Opportunities to Help Ocean Freight
Supply chain disruptions have impacted the quality of life for virtually every American. The delays and bottlenecks, which began early in the pandemic, continue sending shockwaves throughout our economy, leading to higher prices and back orders with no end in sight.
Ballard Truck Center Gains Electric Dealer Certification
Ballard Truck Center announced it became the first certified electric vehicle dealer for Mack Trucks and Volvo Truck North America in Massachusetts at its Tewksbury location.
June 24, 2022DB Schenker to Acquire USA Truck for $435 Million
USA Truck is being acquired by DB Schenker in a $435 million deal announced June 24.
Permian Basin Faces Pollution Rules That Could Curb Drilling
The Biden administration is considering triggering tougher anti-smog requirements that could curb drilling across parts of the Permian Basin, the world’s biggest oil field that straddles Texas and New Mexico.
UPS Donates Semi-Tractor to Georgia Technical College
ALBANY, Ga. — UPS Inc. has agreed to donate a semi-tractor to Albany Technical College at the Logistics Education Center on the college’s main campus.
June 24, 2022Toyota Recalls Electric Car for Wheel That May Detach
TOKYO — Toyota is recalling 2,700 bZ4X crossover vehicles globally for wheel bolts that could become loose, in a major setback for the Japanese automaker’s ambitions to roll out electric cars.
STB Urged to Reject CP-KCS Merger
Three of the five members of the Federal Maritime Commission are urging the Surface Transportation Board to reject Canadian Pacific Railway’s plan to merge with the smaller, but strategically significant Kansas City Southern Railroad.