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.
Bendix Spicer Kentucky Plant Hits Production Milestone
Bendix Spicer Foundation Brake reported a milestone was reached at the Bowling Green, Kentucky, plant, with the production of more than 1 million foundation brakes over a 12-month period.
December 12, 2014Best Trucking Software 2024
For growing asset-based carriers, ensuring you have the right trucking software is essential for managing fleets, optimizing operations, and winning more higher-paying loads.
Con-way Workers at Miami Terminal Vote for Teamsters
Con-way Freight workers at a Miami terminal voted in favor of union representation, the Teamsters announced.
December 12, 2014Intermodal Traffic Rises 2.1% for Week
U.S. rail intermodal traffic increased 2.1% in the week ended Dec. 6 compared with the same week last year, the Association of American Railroads reported.
December 12, 2014Consumer Sentiment Rises to Almost Eight-Year High
Americans’ confidence rose in December to an almost eight-year high, pointing to a pickup in holiday-related purchases.
Wholesale Prices Drop on Energy
Wholesale prices in the U.S. fell more than forecast in November, led by the biggest drop in energy costs in more than a year, signaling inflation pressures remain weak even as the world’s largest economy is expanding.
Driver Demographics Begin to Shift
Changing demographics among new truck drivers are beginning to shatter the stereotype of an industry dominated by aging white males, fleet and training school officials said.
December 11, 2014Another Milestone: Oil Below $60 A Barrel
West Texas Intermediate oil dropped below $60 a barrel for the first time since July 2009 as Saudi Arabia questioned the need to cut output, signaling its priority is defending market share. Brent fell to a five-year low.
December 11, 2014Former Arrow Trucking CEO Indicted on Multiple Fraud Charges
Former Arrow Trucking Co. CEO Doug Pielsticker pulled hundreds of thousands of dollars from company accounts to pay for his wedding and luxury cars in connection with a multimillion-dollar bank and tax fraud, according to a federal indictment unsealed in U.S. District Court earlier this month.
Federal Spending on Transportation Benefits All Job Sectors, Study Says
A coalition of road builders and labor unions has released a study that details how federal spending on transportation infrastructure boosts the economy by creating jobs beyond the construction sector.
Utility Offers Bendix Roll Stability as Model Standard
Utility Trailer Manufacturing Co. is providing roll-stability protection as a standard feature on its 3000R base model refrigerated trailer, using Bendix Commercial Vehicle Systems technology.
December 11, 2014