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.
Governors Acknowledge Every Funding Option Necessary for Infrastructure
A toolkit of options for financing big-ticket infrastructure projects is required to compensate for lack of federal funding, governors noted in a policy outline for 2017.
Class 8 Orders Rise 28%, Reach Highest Total in 14 Months
North American Class 8 orders in February reached a 14-month high as they cleared 23,000, and exceeded expectations, analysts said.
Peak Gasoline Demand Looms With Engine Efficiency Gains
Demand for gasoline in the United States, which accounts for one-tenth of global oil consumption, is expected to peak next year as engines become more efficient, WoodMackenzie analysts said.
Omnitracs Launches App That Combines Routing, Compliance
PHOENIX — Omnitracs has launched an application that combines route optimization and regulatory compliance to streamline fleet management, especially for customers with shorthaul and final-mile delivery operations.
Sen. Fischer Touts Her Infrastructure Bill at AASHTO
Nebraska Republican Sen. Deb Fischer called on state transportation directors to consider the legislation she recently introduced that would transfer funds into the Highway Trust Fund.
Federal Policy Needed for Autonomous Vehicles Says Utah DOT Director
WASHINGTON — A national regulatory framework for autonomous vehicles would ensure safety standards are the same across states, the chief of Utah’s Department of Transportation told senators on March 1.
North American Cross-Border Freight Falls in 2016
Trucking hauled less U.S. freight to Canada and Mexico in 2016 than 2015, according to March 2 data from the U.S. Department of Transportation’s Bureau of Transportation Statistics.
March 2, 2017Consumer Comfort Hits 10-Year High on Economic Outlook
Consumer comfort rose to an almost 10-year high in the final week of February on increased optimism about the U.S. economy and more favorable views about personal finances and the buying climate, the weekly Bloomberg Consumer Comfort Index showed March 2.
Productivity Would Diminish Without Infrastructure Upgrades, Chemical Industry Report Shows
WASHINGTON — Failure to modernize the country’s freight network will likely prevent the chemicals industry from aiding in economic growth, according to a report by the American Chemistry Council unveiled on Capitol Hill a day after President Trump’s first address to Congress.
Initial Jobless Claims Drop to Lowest in Almost 44 Years
The fewest Americans in almost 44 years filed applications to collect unemployment benefits last week, indicating the job market continues to power forward.