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
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Government, Business, Top 100
John Sommers II for Transport Topics
Two Former Celadon Executives Charged in Fraud Scheme
John Sommers II for Transport Topics
TT Podcasts: Season Six
Check out the latest podcast episodes of our RoadSigns programs. How Can Trucking Raise the Bar for Freight Visibility? Check back here often as new content is always being added!
Government, Business, Fuel
A man walks past a compound for Saudi Aramco in Jiddah, Saudi Arabia, on Nov. 3, 2019. (Amr Nabil/Associated Press)
Saudi Aramco Plans $25.6 Billion Share Sale in Richest IPO Ever
A man walks past a compound for Saudi Aramco in Jiddah, Saudi Arabia, on Nov. 3, 2019. (Amr Nabil/Associated Press)
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, 2019
Government, Business
An American flag is displayed on the factory floor at the Holley Performance Products Inc. manufacturing facility in Bowling Green, Ky. (Luke Sharrett/Bloomberg News)
Share of Small Businesses Planning Higher Pay Nears Record
An American flag is displayed on the factory floor at the Holley Performance Products Inc. manufacturing facility in Bowling Green, Ky. (Luke Sharrett/Bloomberg News)
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, 2019
Government, Business
Erin Aleman by House Transportation & Infrastructure Committee via YouTube
Enhance Freight Connectivity in Next Highway Bill, Executives Tell US House Panel
Erin Aleman by House Transportation & Infrastructure Committee via YouTube
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, 2019
Government, Business, Logistics, TCA
Railroad track by the Lower Trail Lake in the Chugach National Forest in Alaska. Canadian rail lines currently get as close to Alaska as Whitehorse in the Yukon. (Getty Images)
Possibilities, Costs ‘Enormous’ for A2A Rail
Railroad track by the Lower Trail Lake in the Chugach National Forest in Alaska. Canadian rail lines currently get as close to Alaska as Whitehorse in the Yukon. (Getty Images)
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, 2019
Government, Business
A shipping container is lifted off of a truck at a terminal on Harbor Island in Seattle on Oct. 2, 2019. The trade gap still is 1.3% wider so far this year than it was in January-October 2018. (Elaine Thompson/Associated Press)
US Trade Gap Narrows 7.6% to $47.2 Billion in October
A shipping container is lifted off of a truck at a terminal on Harbor Island in Seattle on Oct. 2, 2019. The trade gap still is 1.3% wider so far this year than it was in January-October 2018. (Elaine Thompson/Associated Press)
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, 2019
Government, Business
Containers are piled up at a port in Qingdao in east China's Shandong province. (Chinatopix via AP)
DHL Index on Strength of International Economy Shows Only Slight Dip
Containers are piled up at a port in Qingdao in east China's Shandong province. (Chinatopix via AP)
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, 2019
Government, Business
Construction on an Indiana road. (Indiana Department of Transportation)
Transportation Construction Market Will Grow in 2020, ARTBA Forecasts
Construction on an Indiana road. (Indiana Department of Transportation)
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, 2019
Government, Business, Technology
Trimble Duo ELD by Trimble
No 'Soft Enforcement' After AOBRD ELD Exemption Ends Dec. 16
Trimble Duo ELD by Trimble
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, 2019
Government, Business
Senate Majority Leader Mitch McConnell (R-Ky.) by Timothy D. Easley/Associated Press
Impeachment Politics Threaten Legislative Agenda, Key Lawmakers Argue
Senate Majority Leader Mitch McConnell (R-Ky.) by Timothy D. Easley/Associated Press
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