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, Fuel

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.

Justin Sink | Bloomberg News
February 4, 2016
Government, Business

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.

Eric Miller and Eugene Mulero | Senior Reporters
February 4, 2016
Business

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.

Rip Watson | Special to Transport Topics
February 4, 2016
Government, Safety, Business

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.

Eric Miller | Senior Reporter
February 4, 2016
Business, Logistics

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.

Eric Anderson | Times Union (Albany, N.Y.)
February 4, 2016
Business

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, 2016
Business, Logistics

Total 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.

Kevin Allen | South Bend (Ind.) Tribune
February 4, 2016
Business

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

Jill Nolin | The Valdosta (Ga.) Daily Times
February 4, 2016
Business

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.

Jonathan S. Reiskin | Associate News Editor
February 4, 2016
Business

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