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.
West Virginia Senate Passes Tax, Fee Hikes for Highways
Legislation to increase highway funding in West Virginia by more than $290 million a year — primarily through increasing the state sales tax from 6% to 7% — is headed to the state’s House of Delegates, which has proved adverse to tax hikes.
Weakened Energy Sector Stalling Transportation Activity, Fed Says
Transportation activity was mixed in the United States early in the year as weakness in the energy sector limited gains, the Federal Reserve reported.
March 3, 2016Applications for Jobless Benefits Rise to 278,000
The number of Americans applying for unemployment benefits rose last week to a level that’s consistent with steady improvement in the labor market.
TMC Award Winners Recognized for Service
NASHVILLE, Tenn. — American Trucking Associations’ Technology & Maintenance Council honored several industry professionals March 2 with a variety of awards for their service to the council and the industry.
March 3, 2016Connecticut Gov. Dannel Malloy Says Truck-Only Tolling Worth Considering
As some in the trucking industry feared, Rhode Island’s plan to make only trucks pay tolls within its borders has another state thinking about doing the same.
Be Proactive to Minimize Corrosion Effects, Experts Advise
NASHVILLE, Tenn. — Corrosion is unavoidable, but experts say minimize it, slow it down during a vehicle’s useful life and realize help is at hand.
Toledo Police Revive Program to Crack Down on Truck Weight Limits
Toledo, Ohio police will resume enforcing truck weight limits later this month after a seven-year, budget-related hiatus, the department announced March 1.
Daseke Continues to Seek Additions to Flatbed Enterprise
NASHVILLE, Tenn. — Flatbed entrepreneur Don Daseke continues to build his rapidly growing company by hunting for merger candidates, even though the current business environment does not favor an initial public offering for what is now the second-largest company in his sector of trucking.
CSX Surges After Report of Canadian Pacific Takeover Interest
CSX Corp. jumped as much as 8% after the close of trading in New York, following a report that Canadian Pacific Railway approached the U.S. railroad about a takeover in January and was rebuffed.
Companies Added 214,000 Workers in February, ADP Says
Companies added more workers than projected in February, indicating the U.S. job market remains strong, according to a private report based on payrolls.