The Securities and Exchange Commission and federal prosecutors on Dec. 5 charged two former top executives of Indianapolis-based trucking company Celadon Group Inc. for their participation in an accounting fraud in 2016 and 2017 that allegedly inflated the company’s income and earnings per share.
December 5, 2019Government
TT Podcasts: Season Six
Saudi Aramco Plans $25.6 Billion Share Sale in Richest IPO Ever

DUBAI, United Arab Emirates — Saudi Arabian oil company Aramco on Dec. 5 set a share price for its IPO — expected to be the biggest ever — that puts the value of the company at $1.7 trillion, more than Apple or Microsoft.
December 5, 2019Share of Small Businesses Planning Higher Pay Nears Record

As a tight labor market makes filling positions more difficult, 26% of U.S. small-business owners plan to increase pay in coming months, the most since a record in 1989, according to a National Federation of Independent Business report out Dec. 5.
December 5, 2019Enhance Freight Connectivity in Next Highway Bill, Executives Tell US House Panel
Consideration in Congress of an extensive update to federal transportation guidelines must prioritize sustainable funding that enhances freight connectivity and reduces congestion, industry stakeholders told lawmakers on Capitol Hill on Dec. 5.
December 5, 2019Possibilities, Costs ‘Enormous’ for A2A Rail

The backers of a new rail line to link Alaska to Canada and Lower 48 markets insist it would generate upward of $5 billion of freight revenue through the state.
December 5, 2019US Trade Gap Narrows 7.6% to $47.2 Billion in October

WASHINGTON — The U.S. trade deficit narrowed in October as imports fell faster than exports. The politically sensitive trade gap with China dropped.
December 5, 2019DHL Index on Strength of International Economy Shows Only Slight Dip
Despite persistent concerns of a worldwide economic slowdown, a new report from logistics and shipping company DHL says international trade remains strong, with only a slight decline in its overall DHL Global Connectedness Index.
December 5, 2019Transportation Construction Market Will Grow in 2020, ARTBA Forecasts
The transportation construction market is expected to grow by about 5% in 2020, according to the American Road and Transportation Builders Association’s annual economic forecast.
December 5, 2019No 'Soft Enforcement' After AOBRD ELD Exemption Ends Dec. 16
Commercial vehicle inspectors will not offer a “soft enforcement” grace period for truckers who have not migrated to electronic logging devices from grandfathered automatic onboard recording devices by Dec. 17, the date that full enforcement of the federal ELD rule takes effect.
December 5, 2019Impeachment Politics Threaten Legislative Agenda, Key Lawmakers Argue
With the impeachment inquiry of President Donald Trump entering a new phase this month, congressional leaders continue to criticize each other over inaction on legislation to keep the federal government funded through fiscal 2020, a new trade agreement and infrastructure policy.
December 5, 2019