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.
Manufacturers Display Safety Technology in D.C.
WASHINGTON — Manufacturers of vehicle safety systems, including those for heavy-duty trucks, displayed their latest wares here for the benefit of federal policymakers and the national press.
‘Right Investments’ in Infrastructure Boost Economy, Says Rep. Garret Graves
WASHINGTON — Careful investments in infrastructure projects help governments at all levels improve productivity that generate economic growth, Rep. Garret Graves (R-La.) said on a panel May 17.
Eno's Jeff Davis Joins Capitol Agenda for the Week of May 17, 2016
Jeff Davis, senior fellow at the Eno Center for Transportation, joins TT's Eugene Mulero to talk transportation funding and the FAST Act during Infrastructure Week. More at bit.ly/TTCA0516
May 17, 2016FedEx Breaks Ground on New Connecticut Facility
Construction will begin soon on a 525,000-square-foot FedEx Ground distribution hub in Middletown, Connecticut, at the former site of an Aetna campus.
Radiant Global Logistics Posts Loss, Boosts Revenue
Radiant Global Logistics reported a loss of $2.2 million, or 5 cents per share, for the fiscal third quarter ended March 31, compared with earnings of $825,000, or 2 cents, in the year-earlier period, hurt by higher costs.
May 17, 2016Trucking Schools Struggle to Find Teachers as Driver Demand Soars
The commercial trucking industry has struggled with a shortage of drivers for at least a decade, but now Clark County, Ohio, educators and driving schools throughout the state face a hard time finding instructors as well.
Factory Output Increases for First Time in Three Months
U.S. manufacturing production rose in April for the first time in three months, indicating a respite for the industry after a one-year slump, a Federal Reserve report showed May 17.
White House Threatens to Veto Senate Transportation Funding Bill
The Obama administration on May 16 indicated it would veto a fiscal 2017 transportation funding bill in the Senate if the bill’s final version includes provisions that go beyond the scope of funding legislation. A provision in the bill would set at 73 hours the allowable hours per week truckers may work before taking a break.
May 17, 2016Housing Starts Increase, Extending See-Saw Pattern
New-home construction rose in April, extending a pattern of gains and losses that signals the U.S. homebuilding industry is contributing little to economic growth.
Consumer Prices Climbed in April by Most Since 2013
The cost of living in the U.S. climbed in April by the most in three years, an indication that inflation may be picking up toward the Federal Reserve’s goal.
May 17, 2016