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.
October Class 8 Orders Down from Historic 2014 Month
New orders in North America for Class 8 trucks dropped sharply in October from the near-record level a year earlier but remained strong compared with traditional order patterns, according to two reports.
US Diesel Average Declines 1.3¢ to $2.485; Price Is $1.138 a Gallon Below Year Ago
The U.S. average retail diesel price fell 1.3 cents a gallon to $2.485, the third consecutive weekly decline, the Department of Energy reported Nov. 2.
I-66 Garners Dubious Recognition: Worst Freeway
For commuters in the Washington metropolitan area it may come as no surprise that a recent analysis ranked Interstate 66 as the country’s worst freeway.
November 6, 2015Research to Begin on Pothole-Fixing Drones
A drone that can inspect roads and repair potholes autonomously is one of the goals of a recent university grant awarded with the vision of creating self-repairing cities.
November 6, 2015Consumer Borrowing Rose at Faster Pace in September
Borrowing by American households rose at a faster pace in September on increased lending for auto purchases and bigger credit-card balances.
November 6, 2015Obama Rejects Keystone Pipeline in Win for Environmentalists
President Obama rejected TransCanada Corp.’s bid to build the Keystone XL pipeline, ending seven years of debate over an infrastructure project that swelled into one of the most contentious environmental issues of his presidency.
States Dig Into Their Wallets in a Race to Deepen Ports
Tired of waiting for Congress, states racing to deepen seaports before the opening of the enlarged Panama Canal next year are picking up the cost of what has traditionally been a federal duty.
Trucking Adds 400 Jobs in October; Unemployment Rate Declines to 5%
The trucking industry added 400 jobs in October as the unemployment rate declined to 5%, the Labor Department reported Nov. 5.
November 6, 2015House Passes Highway Bill, Sets Up Conference With Senate
Legislation that would reform a safety performance scoring program for motor carriers and set in motion efforts to expand the role young truckers may have in interstate commerce passed the U.S. House of Representatives on Nov. 5.
Rep. John Lewis’ Effort to Eliminate Young-Driver Provision in Highway Bill Fails
The House on Nov. 4 rejected an effort by Rep. John Lewis (D-Ga.) seeking to remove a provision in a House multiyear highway bill designed to pave the way for drivers under 21 to operate trucks across state lines.
November 5, 2015