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.
What's That? JIT
In transportation and freight, Just-In-Time (JIT) inventory systems revolutionize how materials flow into assembly and manufacturing plants. By precisely coordinating demand and supply, JIT ensures materials arrive exactly when needed, minimizing inventory costs and enhancing operational efficiency.
April 1, 2024What's That? Freight Broker vs. Truck Broker
Let's start with a simple truth: there's essentially no difference between the terms 'freight broker' and 'truck broker.' However, 'freight broker' is the term you'll hear most often in the trucking industry. It's the go-to phrase for professionals, largely because freight brokers mainly work with trucks. So, yes, a 'truck broker' is just another name for a freight broker.
April 1, 2024Ontario Adds Truck Parking in Largest Rest Area Expansion
Canada’s Ontario province has embarked on an ambitious plan to help truckers by adding 165 parking spaces while upgrading 14 rest area sites and adding 10 along its highways.
Trucking LLCs Must File New Federal Report Under Law
Trucking company owners may find themselves among the limited liability company proprietors facing penalties if they fail to report information required by the Treasury Department.
House Transportation Leaders Tout FHWA Pushback
House transportation leaders touted a Texas federal judge’s recent decision to strike down a Federal Highway Administration rule about emissions targets.
US Traffic Deaths Decline by an Estimated 3.6% in 2023
A total of 40,990 people died in motor vehicle traffic crashes on U.S. roadways in 2023, a 3.6% decline over the 42,514 highway deaths the prior year, according to estimates from NHTSA.
Landmark Ceramics to Invest $72 Million in Tennessee Logistics Hub
Landmark Ceramics will invest $72 million to expand its tile production near Nashville, Tenn., by creating a new logistics hub with advanced technology to enhance distribution operations.
US Manufacturing Activity Expands for First Time Since 2022
U.S. factory activity unexpectedly expanded in March for the first time since September 2022 on a sharp rebound in production and stronger demand, while input costs climbed.
East Coast Ports Scramble to Absorb Cargo
East Coast ports are modifying their operations to absorb cargo diverted from Baltimore harbor, where salvage specialists are starting to clear debris from the Francis Scott Key Bridge.
Alternate Channel Opens at Baltimore Bridge Site
BALTIMORE — The U.S. Coast Guard has opened a temporary, alternate channel for commercially essential vessels near the fallen Francis Scott Key Bridge in Baltimore.