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.
Stericycle Plans to Purchase Shred-It International
Stericycle Inc., a company based in Lake Forest, Illinois, that manages the disposal of medical and hazardous waste, announced plans to buy Toronto-based Shred-It International for $2.3 billion.
July 16, 2015Senate Commerce Panel Advances 6-Year Transportation Bill That Includes FMCSA Reform
WASHINGTON — The Senate Commerce Committee on July 15 reported to the floor a six-year bill that would seek to reform parts of the Federal Motor Carrier Safety Administration.
Replay: LiveOnWeb Focus on 2015 Top 100 For-Hire Carriers, Capacity Issue
Watch the replay of our July 15 LiveOnWeb program dedicated to an analysis of the 2015 Transport Topics Top 100 For-Hire Carriers rankings and a discussion of capacity issues.
July 15, 2015Union Representation Vote Called off at Con-way Freight Facility in Oakland
Con-way Inc. said a union representation election at a Con-way Freight facility in Oakland, California, was called off, marking the latest defeat of labor organizing efforts at the less-than-truckload carrier.
House Passes 5-Month Highway Funding Patch
The House on July 15 passed a five-month extension of federal highway funding authority, giving the Senate about two weeks to act on the measure before such authority expires.
Energy Prices Help Spending, Hinder Manufacturing, Beige Book Report Says
U.S. economic activity continued to expand from mid-May through June, with lower energy prices helping to boost consumer spending but remaining a drag on manufacturing, the Federal Reserve said July 15.
July 15, 2015Maverick USA Buys Flanary and Sons Trucking
Maverick USA Inc. announced the acquisition of Flanary and Sons Trucking Inc., a Tennessee-based carrier that specializes in shipping architectural flat glass, a building product.
ARTBA: Short-Term Trust Fund Extension Would Only Delay Long-Term Solution
A cloud of uncertainty looms over plans by the Environment and Public Works Committee to pass a six-year highway bill, especially after House Republican leaders Paul Ryan and Bill Shuster introduced legislation July 13 to extend the authorization of transportation funding until mid-December.
White House Supports House Short-Term Highway Bill
The Obama administration indicated it supports passage of legislation that would authorize funding for highway programs through mid-December, a bill the House is considering July 15.
OOIDA, CVTA Among Groups Voicing Opposition to Hair Testing for Drug Use
Trade organizations representing truck drivers and commercial vehicle driver training schools were among those who said they have concerns about using hair specimens to drug test drivers.