Government, Business

Budget Deficit in Trump’s First Fiscal Year Highest Since 2012

President Donald Trump Olivier Douliery/Tribune News Service

The U.S. budget deficit grew to $779 billion in Donald Trump’s first full fiscal year as president, the highest since 2012 amid tax cuts and spending increases.

Randall Woods | Bloomberg News
October 15, 2018
Government, Business

New Committee on Human Trafficking Includes Trucking Voice

Woman approaching truck at truck stop Department of Homeland Security

Transportation Secretary Elaine Chao has appointed 15 people, including representatives of the trucking industry, to serve as members of the new Advisory Committee on Human Trafficking.

Eleanor Lamb | Staff Reporter
October 15, 2018
Government, Business, Technology, Autonomous

Podcast Debut: ‘RoadSigns’ Tackles Autonomous

RoadSigns podcast

Welcome to the inaugural episode of Transport Topics' new podcast: RoadSigns. Our debut episode focuses on how the trucking industry’s steady and ongoing development of autonomous technology may someday affect truck drivers. Click to listen!

Transport Topics
June 11, 2018
Business, Top 100

UPS Announces Hiring Blitz for Holiday Shipping Season

UPS driver and truck UPS Inc.

UPS Inc. plans to hire as many as 40,000 seasonal employees nationwide when it holds a one-day hiring blitz, the package delivery giant announced Oct. 15. UPS will hold 170 job fairs Oct. 19 and hire employees on the spot.

Dan Ronan | Associate News Editor
October 15, 2018
Government, Business, Technology, Equipment

Medium-Duty Trucks Ready for Battery-Electric Urban Deliveries, NACFE Report Says

Daimler medium- and light-duty trucks Among the Daimler lineup of medium- and light-duty trucks at this year's IAA Truck Show were battery-electric models. (Joe Howard/Transport Topics)

Medium-duty commercial battery-electric vehicles are a viable alternative to diesel and gasoline-powered Classes 3-6 trucks in urban settings where the freight haul is less than 100 miles, according to a new guidance report from the North American Council for Freight Efficiency.

Roger Gilroy | Staff Reporter
October 15, 2018
Business, Top 100

Element Sells Stock, Winds Down Investment in Celadon Joint Venture

Celadon John Sommers II for Transport Topics

Element Fleet Management Corp. has sold 45 million shares of stock to a group of banks and investment firms for $300 million and will use the net proceeds to pay down debt and implement a plan to “meaningfully” improve the company’s financial performance and position the business for growth.

Daniel P. Bearth | Staff Writer
October 15, 2018

Sears Files for Chapter 11 Bankruptcy Amid Plunging Sales, Massive Debt

Sears store Charlie Riedel/Associated Press

NEW YORK — Sears filed for Chapter 11 bankruptcy protection Oct. 15, buckling under its massive debt load and staggering losses. The question now is whether a smaller version of the company that once towered over the American retail landscape can remain viable or whether the iconic brand will be forced out of business

Anne D’Innocenzio | Associated Press
October 15, 2018
Government, Business

Retail Sales Gain Weak 0.1% in September

Consumer shopping Brynn Anderson/Associated Press

WASHINGTON — U.S. consumer spending edged up a slight 0.1% in September, a disappointing performance in which rebounding auto sales were offset by weakness in other areas.

Martin Crutsinger | Associated Press
October 15, 2018
Business, Technology, Equipment, Safety

PSI Marks Silver Anniversary by Looking Back, Ahead

Trina Smith, Tim Musgrave, Vanessa Munez PSI's Tim Musgrave talks with line workers Trina Smith (left) and Vanessa Munez. “Without these guys, we’re nothing,” he says of the production staff in San Antonio. (Tom Berg for Transport Topics)

It has been 25 years since a Texas family purchased the patent for a device that would keep truck tires inflated, a move that proved prescient.

Tom Berg | Special to Transport Topics
October 15, 2018
Business, Logistics, Top 100

Universal Expands Drayage Business With Purchase of Specialized Rail Service

Universal Universal Logistics Holdings Inc.

Universal Logistics Holdings expanded its intermodal drayage business in the western United States with the purchase of Specialized Rail Service Inc. for $12.3 million.

Transport Topics
October 15, 2018
Government, Business

USPS Proposes Price Hike for Parcel Packages, Stamps

Andrew Harrer/Bloomberg News

The sticker price of parcel packages and first-class stamps will rise if the U.S. Postal Service has its way, with delivery prices for packages weighing more than one pound increasing 9.3%.

Transport Topics
October 12, 2018