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.

Government, Fuel, Business

Missouri Highway Commissioner Says Fuel-Tax Increase Doubtful This Year

CLINTON, Mo. — Missouri Highway Commissioner Greg Smith told the Missouri Highway 13 Corridor Coalition not to expect a fuel-tax increase to pass the Legislature this year.

Sue Sterling | The (Warrensburg, Mo.) Daily Star-Journal
March 16, 2016
Business

Dicom to Start Cross-Border Ground Package Service

Dicom Transportation Group announced plans to begin cross-border ground parcel service later this year to link two Canadian provinces and 12 states.

March 16, 2016
Business

BNSF Won't Face Trial Over Surcharge on Older Oil Tank Cars

BNSF Railway Co. won’t face a refining industry challenge to the $1,000 surcharge the nation’s largest oil hauler slapped on older-model tank cars it claimed can’t safely ship highly volatile crude from shale formations such as North Dakota’s Bakken region.

Laurel Brubaker Calkins | Bloomberg News
March 16, 2016
Business

Cargo Trade Value Declines at Port Everglades, Rises at Port Miami

Cargo trade through Port Everglades, as measured in dollars, declined in 2015 while increasing at PortMiami, according to trade analysis company WorldCity.

Ron Hurtibise | Sun Sentinel
March 16, 2016
Business

Factory Production Rises in February for Second Month

Factory production rose in February for a second month, boosted by demand for business equipment and indicating U.S. manufacturing may be starting to stabilize.

Michelle Jamrisko | Bloomberg News
March 16, 2016
Business

Core US Consumer Prices Increase More Than Forecast Again

Consumer prices in the United States excluding food and fuel climbed more than forecast in February for a second month, adding to signs inflation is moving closer to the Federal Reserve’s target. The overall cost of living fell amid cheaper fuel.

Shobhana Chandra | Bloomberg News
March 16, 2016
Business, Government

Housing Starts Climb More Than Forecast in February

New-home construction in the United States rose more than economists forecast in February, led by the strongest single-family building in more than eight years, signaling continued confidence in demand for residential real estate.

March 16, 2016
Government, Business

Truck Tolling Supported at IBTTA Session

“There are a lot of states interested in what Rhode Island is doing,” moderator Christopher Mwalwanda of CDM Smith said at the International Bridge, Tunnel and Turnpike Association’s Transportation Policy and Finance Summit on March 15.

David Elfin | Staff Reporter
March 15, 2016
Business, Logistics

XPO Logistics Adds to Presence in Britain

XPO Logistics Inc. has landed food service deals with two companies in the United Kingdom, most recently with retailer Iceland, XPO said March 15.

March 15, 2016
Business

Minnesota Town Hit by News of Polar Tank Trailer Closing Manufacturing Plant

HOLDINGFORD, Minn. — Mild shock waves can be felt throughout a Central Minnesota community as it prepares to lose a major manufacturing facility.

Vicki Ikeogu | St. Cloud (Minn.) Times
March 15, 2016