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.
Los Angeles Cargo Rises 42% in February, Affected by 2015 Labor Slowdown
The Port of Los Angeles announced a 42% increase in cargo shipments handled during February, following a year after volumes were depressed by slowdowns and disruptions during dock worker contract negotiations.
March 11, 2016DOT Offers $1.4 Billion in TIFIA Credit Assistance for Infrastructure Projects
The Department of Transportation on March 11 announced the availability of $1.4 billion in credit assistance over the next five years for critical infrastructure projects nationwide, using Transportation Infrastructure Finance and Innovation Act funding.
Indiana Commits More Than $1 Billion for Transportation
Indiana’s Legislature got creative in allocating more than $1 billion for transportation in an election year as its 2016 session ended on March 10.
FedEx Plans $18.5 Million Ohio Distribution Center
FedEx Corp. plans call for a distribution center in South Dayton, Ohio, estimated to cost $18.5 million with a capacity to hold more than 550 people.
Auto Imports Continue to Surge at Port of Baltimore
The Port of Baltimore's business as the nation's No. 1 point of entry for automobiles continued to boom in 2015 as the number of cars shipped through its public terminals surged 20% to yet another record.
IEA Says Oil Price May Have Bottomed
Oil prices may have passed their lowest point as shrinking supplies outside OPEC and disruptions inside the group erode the global surplus, the International Energy Agency said.
TAEC Moves 2018 Meeting Out of Rhode Island
The trucking industry’s strenuous objection to Rhode Island Gov. Gina Raimondo’s trucks-only tolling law has pushed the Trucking Association Executives Council to move its 2018 meeting out of the Ocean State.
South Carolina Senate OKs Transportation Plan That Conflicts With House Version
After weeks of debate marked by extended filibusters, South Carolina’s Republican-controlled Senate approved a $400 million transportation plan that doesn’t include the fuel-tax increase in the bill passed earlier by the House.
Southbound I-75 Reopens in Tennessee; Northbound Closed Until March 24
Southbound Interstate 75 in Tennessee near the Kentucky line was reopened the night of March 9 after a rockslide on Feb. 26 closed the roadway.
March 10, 2016House Leaders Introduce FAA Extension Bill, Sans Trucking Provisions
The leaders of the transportation and the tax-writing committees in the House on March 10 introduced legislation that would authorize aviation programs through July 15.
March 10, 2016