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.
Capitol Agenda for the Week of March 15: Why an Aviation Bill Matters
This week, we’re looking at an aviation policy bill as a forum for lawmakers to advance nonaviation measures through Congress. Here's the week ahead for trucking on Capitol Hill.
FMCSA Proposed Rule Would Ease Transition of Military Truck Drivers to Civilian Employment
The Federal Motor Carrier Safety Administration will issue a proposed rule to amend commercial driver license regulations that would ease the transition of military personnel into civilian careers in the truck and bus industry.
UPS to Invest $100 Million More in CNG Vehicles, Fueling Stations
UPS Inc. will invest $100 million to expand its network of natural gas-powered freight transportation by building 12 more U.S. fueling stations and buying 380 more heavy-duty tractors that use the fuel, the company announced March 15.
VersaCold Logistics Agrees to Buy Coastal Pacific
Canadian firm VersaCold Logistics Services agreed to buy Coastal Pacific Xpress, a refrigerated carrier, to broaden the buyer’s service offering in the United States and Canada.
March 15, 2016Michigan Wants Moroun Trucking Terminal for Gordie Howe Bridge
Another dispute is building between Michigan and Manuel "Matty" Moroun involving the Gordie Howe Bridge. This time, it's the state wanting to take some of the Ambassador Bridge owner's property in southwest Detroit.
Retail Sales Decline After January Revised Down
U.S. retail sales dropped in February and the prior month’s gain was revised to a decline, calling into question the narrative that bigger gains in consumer spending would propel economic growth at the start of 2016.
Wholesale Prices Decrease in February on Fuel, Food
Wholesale prices in the United States fell in February, held down by lower fuel costs that have kept inflation languishing below the Federal Reserve’s goal.
Diesel Rises 7.8¢ to $2.099
The U.S. retail diesel average rose for the fourth consecutive week as the fuel continued to climb past the $2 threshold.
Jim Runk to Retire After Nearly 44 Years With Pennsylvania MTA
Pennsylvania Motor Truck Association President Jim Runk announced his retirement pending the expected hiring of a successor this summer.
House T&I Director Touts FAST Act’s Freight Program
WASHINGTON — Chris Bertram, staff director for the House Transportation and Infrastructure Committee, touted a grant program in a 2015 highway law as a useful tool for advancing freight projects.