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.
Obama to Request $10-Per-Barrel Oil Tax for Transportation Needs
President Barack Obama will propose a $10-per-barrel tax on oil in his fiscal 2017 budget to finance self-driving cars, public transit, railroads and other transportation improvements, the White House said.
Provision Pre-Empting State Laws on Truckers' Meal Breaks Revived in House
An aviation reform bill that would pre-empt certain state laws regarding meal and rest breaks for truckers will be taken up by a House committee next week.
Wal-Mart Driver Pleads Innocent to Criminal Charges in Tracy Morgan Case
Kevin Roper, the driver of a Wal-Mart Stores Inc. truck in the 2014 accident that killed a colleague of comedian Tracy Morgan, has pleaded not guilty to manslaughter and nine other criminal charges, Roper’s attorney said.
Sleep Apnea Proposal Clears OMB
A plan by federal regulators to issue an advance notice of proposed rulemaking regarding sleep apnea cleared a review by the White House Office of Management and Budget on Feb. 3.
Norfolk Southern, CSX Say They Won't Make 2018 Deadline for Train-Control Safety System
CSX Corp. and Norfolk Southern Corp. told the Federal Railroad Administration they won't make the 2018 deadline for full implementation of positive train control.
Truck Profit Growth Helps Daimler AG Improve Results
Stronger results at Daimler AG’s heavy-truck business helped the German vehicle maker post earnings growth of 20% in the fourth quarter and 36% in 2015, producing the best sales year since 2006 with a total of 502,500 units.
February 4, 2016Total Quality Logistics to Open New Indiana Location
Total Quality Logistics is planning to open a sales office next month at Blackthorn Corporate Park on the northwest side of South Bend, Indiana.
Growers Feel Strain of Truck Weight Limits
"Those of us in agriculture find it a little offensive that a fellow hauling containers can get an exemption [for a 100,000-pound truck] that an agricultural person cannot get." — Joe Boddiford, Georgia Peanut Commission
Old Dominion Freight Line Profits Increase
Less-than-truckload carrier Old Dominion Freight Line posted gains in revenue and net income for both the fourth quarter and all of 2015.
Productivity Falls Most Since Early 2014; Labor Costs Jump
Worker productivity slumped in the fourth quarter by the most in almost two years, leading to a pickup in U.S. labor costs that threaten corporate profits.
February 4, 2016