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.
CTS Corp. Acquires Start-Up Focused on Particulate Levels
Electronics manufacturer CTS Corp. acquired start-up firm Filter Sensing Technologies, which has expertise in radio-frequency measurement and control sensors for transportation applications, including in heavy-duty trucks.
October 29, 2015TransForce Agrees to Sell Waste Unit to GFL Environmental
TransForce Inc. agreed to sell its waste management division to Canada’s GFL Environmental Inc. for C$800 million ($606.1 million) as the seller moves to focus on its other trucking business.
October 29, 2015Pending Sales of Previously Owned Homes Unexpectedly Fall
Contract signings to purchase previously owned U.S. homes unexpectedly fell in September by the most since the end of 2013, indicating the residential real estate market is cooling from its recent brisk pace.
Jobless Claims Rise; Four-Week Average Lowest Since 1973
The number of Americans filing new applications for unemployment benefits rose marginally, and the underlying trend continued to point to a fairly healthy labor market.
House Rules Committee to Tackle Senate's Long-Term Highway Bill Nov. 2
The House Rules Committee is scheduled to meet Nov. 2 to address general debate for a Senate-passed highway reauthorization bill.
Rhode Island Trucking Association Offers Alternative to Gov. Raimondo’s Plan
When Rhode Island Gov. Gina Raimondo announced her transportation plan based on truck tolling Oct. 8, Rhode Island Trucking Association President Chris Maxwell called RhodeWorks “ridiculous.”
Senate Advances House-Passed Highway Funding Extension
A swift voice vote by the Senate on Oct. 28 to send President Obama legislation that would extend funding authority for highway programs through Nov. 20 marked the 35th time Congress has passed such short-term fixes.
October 28, 2015Intermodal Rail Volume Declines for First Time Since September
Weekly U.S. intermodal rail traffic declined for the first time since September, the Association of American Railroads reported.
October 28, 2015Highway Bill Could See House Floor Action Next Week
The House could take up a six-year highway reauthorization bill as early as next week, senior Republican aides told Transport Topics on Oct. 28.
October 28, 2015Adoption of Downspeeding 'at a Tipping Point,' Report Says
Commercial vehicle powertrains that combine lower engine speed and faster rear-axle gear ratios — known as downspeeding — are proved to save fuel, especially in longhaul applications, and likely will be a key to helping equipment manufacturers meet new federally mandated fuel-efficiency standards, according to a report issued Oct. 28 by the North American Council for Freight Efficiency.
October 28, 2015