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

Cross-Border Freight Haulers Likely to Have New Access Points in New Mexico

Cross-border freight haulers soon will have new access points in New Mexico to carry loads to and from Mexico, according to a pre-published interim final rule issued Feb. 23 by the Federal Motor Carrier Safety Administration.

February 24, 2016
Business

Road Travel Rises by 4% in December on Cheap Fuel

U.S. road travel rose by 4% in the nation's warmest December on record, government data showed Feb. 22, and capped a record-setting driving renaissance buoyed by inexpensive gasoline and lower unemployment.

Jarrett Renshaw | Reuters
February 24, 2016
Business

Sales of New Homes Declined More Than Forecast in January

Purchases of new homes dropped more than forecast in January as contract signings slumped in the western United States by the most since May 2010.

Michelle Jamrisko | Bloomberg News
February 24, 2016
Business

Weather, Inventory Weigh Down Truck Tonnage

Factors such as winter weather and excessive inventory hurt January truck tonnage, which declined 1.4% from December and showed no change from the January 2015 level, American Trucking Associations reported.

February 23, 2016
Government, Business

Massachusetts Gov. Charlie Baker Pledges More Money for Road Repairs, Projects

Gov. Charlie Baker is pledging more money to help cities and towns across Massachusetts fix potholed roads and decaying bridges, but municipal leaders say the money won't go far enough to address the state's myriad transportation woes.

Christian M. Wade | The (North Andover, Mass.) Eagle-Tribune
February 23, 2016
Government, Business

Tennessee Transportation Chief Says Road Funding Essential for Prosperity

Tennessee Transportation Commissioner John Schroer beat the drum of impending road funding woes at a UTC Engineers Week kickoff lunch Feb. 22 while taking light shots at local legislators over their reluctance to back a potential state gas tax hike.

Alex Green | Chattanooga (Tenn.) Times Free Press
February 23, 2016
Government, Business

Potential Expansion of Tolling Program Concerns Washington Trucking Group

A pilot tolling program in Washington state is working so well, in the view of the state’s Department of Transportation, that it might be expanded, a possibility that concerns Washington Trucking Associations.

David Elfin | Staff Reporter
February 23, 2016
Business

Hendrickson Launches Stainless Steel-Clad Aluminum Bumper for International HX Series

Hendrickson has launched a stainless steel-clad aluminum bumper for the International HX Series models for severe-service applications.

February 23, 2016
Business, Logistics

Schneider Opens Warehouse to Support Northeastern Ports

Truckload carrier Schneider has opened a 147,500-square-foot warehouse in Port Reading, New Jersey, to serve shippers utilizing Northeastern ports.

February 23, 2016
Business

Sales of Existing US Homes Rise to Second-Highest Level Since 2007

Sales of previously owned U.S. homes unexpectedly rose in January to the second-highest level since early 2007, indicating the industry will keep prospering.

Michelle Jamrisko | Bloomberg News
February 23, 2016