Business

About Business News...

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.

Business, Fuel

Diesel Falls 3.2¢ to $2.316; Gasoline Dips 0.9¢ to $2.15

The U.S. average retail price of diesel fell 3.2 cents to $2.316, according to the Department of Energy, while oil prices continued to hover below $50 a barrel.

Roger Gilroy | Senior Reporter
August 15, 2016
Business

Kenworth Receives $8.6 Million in Grants for T680 Drayage Truck Projects in California

Kenworth has been awarded three government grants totaling $8.6 million that will support low emissions projects involving Kenworth T680 Day Cabs targeted for use as drayage tractors at Southern California ports.

August 15, 2016
Government, Business

Transportation Groups Urge Lawmakers to Preserve Funds for State Infrastructure

Groups representing state transportation agencies said they want congressional funding leaders returning to Washington next month to ensure that state transportation departments are not stripped of funds they could use for big-scale infrastructure projects.

Eugene Mulero | Senior Reporter
August 15, 2016
Business

ATA Wins N.Y. Truck Toll Diversion Case

It is unconstitutional for the New York State Thruway Authority to use millions of dollars in toll revenue paid by commercial truckers to maintain the state’s canal system, a federal judge ruled Aug. 10.

Eugene Mulero | Senior Reporter
August 15, 2016
Business, Logistics

Intermodal Shipments Fall 6.1% in 2Q

Intermodal freight shipments fell 6.1% in the second quarter from a year earlier, ending a string of 25 consecutive quarterly increases, hurt by fewer international and trailer shipments, the Intermodal Association of North America reported.

Rip Watson | Special to Transport Topics
August 15, 2016
Business

Arizona's Daniel Voelker Named NAIC Grand Champion

INDIANAPOLIS — Arizona Department of Public Safety trooper Daniel Voelker has been named grand champion of the 2016 North American Inspectors Championship.

Eric Miller | Senior Reporter
August 12, 2016
Business

ATA President Spear: 'We Need to Get in the Game' With Legislative Efforts

INDIANAPOLIS — In his first public speech to members, American Trucking Associations President Chris Spear pledged to primarily take on issues that the trucking industry can win in Congress.

Eric Miller | Senior Reporter
August 12, 2016
Business

STB Denies Shippers Group’s Request on Governing Rules

The Surface Transportation Board on Aug. 12 denied a request by a group representing shippers to suspend proposed changes to the bill of lading that governs motor carriers.

August 12, 2016
Equipment, Business, Technology

Cab Seat Technology Addresses Driver Health Concerns

Driving a truck for hours on end day after day takes its toll on the body, but the engineers of today’s cab seats are doing more than ever to address driver health and comfort concerns. These seats offer an array of features that soothe body aches and pains, reduce vibration and accommodate the range of body sizes.

Bruce Lilly | Special to Transport Topics
August 12, 2016
Business

Consumer Sentiment Increases by Less Than Forecast

Consumer confidence in the United States rose less than forecast in August, reflecting a pullback in views on personal finances among younger Americans.

August 12, 2016