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.
Trucking Adds 3,000 Jobs in November as Unemployment Rate Holds at Six-Year Low
The trucking industry added 3,000 jobs in November, and the unemployment rate was unchanged at 5.8%, the lowest level in six years, the Labor Department reported Dec. 5.
December 5, 2014Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
Trade Gap Little Changed as Imports, Exports Increase
The trade deficit was little changed in October as an improving U.S. economy caused imports to climb to a record while exports also rose.
December 5, 2014Why Oklahoma City Gets $2 Gasoline Before Rest of US
Of all the filling stations in all the United States, $2 gasoline showed up at Oklahoma City’s first. Why?
Clint Wheeler Dies at 48
Clint Wheeler, top assistant to former American Trucking Associations President Thomas Donohue, died on Nov. 16 after a battle with liver cancer. He was 48.
UTi Halts Sale Talks After Stock Surges
UTi Worldwide Inc. and DSV A/S have ended talks after news of DSV’s potential acquisition sent UTi’s shares surging.
December 4, 2014Teamsters Cancels Another FedEx Freight Vote
FedEx Freight said the Teamsters for the fourth time in five weeks has withdrawn a representation election petition as the unionization battle between the two sides continues.
December 4, 2014House OKs Restoration of Tax Breaks
The House has passed a bill that could give the trucking industry hundreds of millions of dollars in tax breaks this year for everything from buying new trucks to using natural gas.
NHTSA Nominee Mark Rosekind Tells Senators He Brings ‘Fresh Set of Eyes’
Mark Rosekind, the Obama administration’s pick to lead the National Highway Traffic Safety Administration, told a Senate panel Dec. 3 his tenure as an investigator of national accidents has prepared him to tackle major safety issues.
Natural Gas Proponents Outline Challenges for Senate
Trucking and natural-gas industry witnesses told a Senate panel Dec. 3 that Congress could spur the use of the alternative fuel in the transportation sector by changing the tax code, subsidizing a fueling network and addressing existing weight restrictions on highways.
Video: Obama Doesn't See Congress Passing Long-Term Highway Funding Fix
President Obama told chief executives on Dec. 3 he doubts congressional leaders will be able to advance a long-term comprehensive transportation measure next year, approving instead a short-term highway funding fix.