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.
For First Time in Five Years, US Gas Mileage Down, Emissions Up
A new government report says gas mileage for new vehicles dropped and pollution increased in model year 2019 for the first time in five years.
Amware CEO Outlines Moulton Logistics Acquisition
Amware Fulfillment CEO Harry Drajpuch detailed Jan. 5 how the recent acquisition of Moulton Logistics helps bolster ongoing growth strategies.
US Imports No Saudi Crude Oil for First Time in 35 Years
The U.S. didn’t import any Saudi crude the week of Dec. 28 for the first time in 35 years, a reversal from just months ago when the Kingdom threatened to upend the American energy industry by unleashing a tsunami of exports into a market decimated by the pandemic.
Maine Lawmakers Petition FMCSA Regarding Lobster Transport
In an effort to ease the commercial transport of lobster, a group of Maine lawmakers submitted a request to federal government officials asking to clarify the definition of “livestock” in a recently issued interim final rule.
Autonomous Startup Used by Mining Trucks Raises $47 Million
Oxbotica, a U.K. company that makes software for running autonomous vehicles, has raised $47 million in a fresh funding round that will go toward developing and deploying its products.
Maersk Says Record Shipping Rates Unlikely to Have Peaked Yet
A.P. Moller-Maersk A/S, the world’s largest container carrier, is working at full capacity and can’t yet see a peak in freight rates that have already been propelled to record highs by pandemic consumer spending.
Industry Comments Support FHWA Proposal on Infrastructure Design Standards
Public comments submitted to the Federal Highway Administration regarding a recent proposal that would allow more flexibility with design standards when repairing highways and interstates reflect an overwhelming show of support from industry groups and transportation agencies.
Clarience Technologies Acquires Ecco Safety Group
Clarience Technologies announced it acquired Ecco Safety Group, which has nearly 50 years of experience in research, design, development, manufacturing and distribution of emergency lighting and audible warning equipment for commercial and emergency vehicles for global markets.
January 6, 2021Bison Transport Sold to Canada’s James Richardson & Sons
Bison Transport Inc., one of North America’s largest diversified fleets that has been in an expansion mode over the past few years, announced it was acquired by privately held James Richardson & Sons for an undisclosed amount, effective Jan. 1.
TRB Hosting Virtual Annual Conference
The coronavirus pandemic’s impact on transportation modes, the role of transit, and technological advancements will dominate this year’s annual conference of the Transportation Research Board.