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.
Maine Legislature Tries to Crack Down on Canadian Truckers Avoiding Tolls
Officials in Maine said they have grown weary of Canadian truckers traveling the Maine Turnpike on their way to U.S. East Coast markets without paying tolls.
June 1, 2015PeopleNet Announces Acquisition of Cadec to Expand Reach in Private-Fleet Sector
Trucking technology supplier PeopleNet announced it acquired Cadec Global Inc. in a move that expands the company’s reach in the food-service and private-fleet sectors.
June 1, 2015Sen. Tom Carper: Devolution Would Hurt US in Bid to Remain Competitive Globally
WASHINGTON — As the Senate prepares to consider a six-year highway funding measure, Sen. Tom Carper (D-Del.) said efforts that would limit the federal government’s involvement in infrastructure projects would hurt the country.
June 1, 2015Diesel Average Up 1¢ to $2.914 In 6th Consecutive Increase
Diesel’s average U.S. price rose 1 cent to $2.914 a gallon last week, the sixth straight increase, the Department of Energy reported.
June 1, 2015Used-Truck Transactions Rise 4% in 1Q
Used-truck transactions grew nearly 4% in the first quarter, and average pricing has continued to escalate in recent months as newer, more valuable models have become available, according to recent industry reports.
June 1, 2015House Panel to Consider Fiscal ’16 Highway Funding Bill
The House Rules Committee will look to pave the way for floor consideration on a fiscal 2016 transportation funding bill June 1 at 5 p.m. EDT.
FMCSA Advisory Committee Recommends Hours-Based Training Program
WASHINGTON — A special federal advisory committee ironing out the details of a potential entry-level driver training rule finished its work May 29 but only after a vigorous debate over whether to recommend an hours-based or performance-based on-road training standard for new drivers.
Many High-Tech Firms Adopt ‘Right-Shoring’ Supply-Chain Strategy, UPS Survey Finds
Many high-tech companies have adopted a “right-shoring” strategy for their manufacturing supply chains, an approach that balances factors such as cost, quality and transit time, according to UPS Inc.’s fifth-annual Change in the (Supply) Chain survey.
May 29, 2015Pasha Group Completes Acquisition of Horizon Lines’ Hawaii Business
The Pasha Group said May 29 it completed its acquisition of the Hawaii trade-lane business of Horizon Lines Inc.
Goodyear Offers New Tires, Roadside Service at Three Retread Plants
Goodyear Commercial Tire Systems has opened sales and service departments at its retread plants in Bremen, Georgia; Vernon, California; and Walnut, California.