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, Business, Technology

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.

Eugene Mulero | Senior Reporter
March 15, 2016
Government, Business

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.

Eric Miller | Senior Reporter
March 15, 2016
Business

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.

Jonathan S. Reiskin | Associate News Editor
March 15, 2016
Business

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, 2016
Business

Michigan 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.

Joe Guillen | Detroit Free Press
March 15, 2016
Business

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.

Michelle Jamrisko | Bloomberg News
March 15, 2016
Business

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.

Shobhana Chandra | Bloomberg News
March 15, 2016
Business, Fuel

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.

Roger Gilroy | Senior Reporter
March 14, 2016
Business, Government

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.

David Elfin | Staff Reporter
March 14, 2016
Government, Business, Safety

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.

Eugene Mulero | Senior Reporter
March 14, 2016