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.
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.
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, 2016BNSF 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.
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.
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.
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.
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, 2016Truck 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.
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, 2016Minnesota 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.