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, Logistics

N.Y.-N.J. Authority Delays Bayonne Bridge Project Two Years

The Port Authority of New York and New Jersey announced a nearly two-year delay in completing a $1.3 billion bridge raising project that would allow the largest containerships to reach the third-largest U.S. port.

October 2, 2015
Business

Volvo Goes Solar at Hagerstown Powertrain Plant

Volvo Group North America has installed 5,000 solar panels at its Hagerstown, Maryland, powertrain manufacturing plant.

October 2, 2015
Government, Business, Safety

PHMSA Taps 11 Universities for Pipeline Safety Research

The Pipeline and Hazardous Materials Safety Administration on Sept. 30 gave 11 universities almost $2 million to examine pipeline safety.

October 1, 2015
Business

Celadon Trucking Acquires Assets from Tango Transport

Celadon Group Inc. said its subsidiary Celadon Trucking Services has purchased select assets of the truckload business of Tango Transport.

October 1, 2015
Business

ATA Announces Sessions, Speakers For MCE in Philadelphia Oct. 17-20

American Trucking Associations announced several featured general sessions for its 2015 Management Conference & Exhibition, scheduled for Oct. 17-20 in Philadelphia.

October 1, 2015
Business, Logistics

Wells Fargo to Acquire GE’s Railcar Leasing Business

Wells Fargo & Co., the world’s largest bank by market value, agreed to buy the bulk of a railcar- and locomotive-leasing unit from General Electric Co. as the industrial giant retreats from financial services.

October 1, 2015
Government, Business, Safety

Driver Restart Data Collection Concluded, FMCSA Says

The Federal Motor Carrier Safety Administration announced Oct. 1 that it has concluded the five-month, data-collection phase of the agency’s study evaluating the effects the hours-of-service restart provision is having on drivers.

Eric Miller | Senior Reporter
October 1, 2015
Business

Manufacturing Deteriorates on Weaker Global Demand

American manufacturing stagnated in September as a stronger dollar and faltering overseas markets led to the slowest pace of orders since November 2012.

October 1, 2015
Business

Consumer Comfort Reaches Highest Level Since Mid-July

Consumers were more upbeat last week than at any time since mid-July as Americans held the most favorable views of the buying climate in three months.

October 1, 2015
Business, Fuel

Oil Caps Weakest Quarter Since 2009 as Global Glut Seen Growing

Oil slipped, capping the lowest quarterly average price since the start of 2009 as U.S. crude inventories climbed.

Mark Shenk | Bloomberg News
October 1, 2015