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.

Business, Logistics

Intermodal Volume Setting Record Pace, But Operational Issues Plague Shippers

Truck-rail intermodal companies are standing on peaks of record volume, but an array of operational, financial and technical issues will challenge their ability to sustain current levels and continue growing, industry experts said.

Rip Watson | Special to Transport Topics
July 27, 2015
Business, Government, Safety, Fuel

Groups Say Road Funding Threatened by Proposal on Ground Ozone Limit

WASHINGTON — A small change in the limit for ground-level ozone emissions could lead to wide-scale noncompliance of environmental rules and could lead to the federal government’s yanking funding commitments for infrastructure projects, business groups said.

Jonathan S. Reiskin | Associate News Editor
July 27, 2015
Business

Rate Gains Help Most TL Firms to Boost Second-Quarter Profits

Several of the nation’s largest truckload fleets last week reported higher second-quarter earnings, benefiting from higher prices as industrywide rates stand at record levels.

Rip Watson | Special to Transport Topics
July 27, 2015
Business

Volvo, Daimler Post Stronger 2Q Results as Truck Sales Climb in North America

The global truck divisions of Daimler and Volvo posted improved financial results for the second quarter, driven by North America’s surging truck sales.

Seth Clevenger | Managing Editor, Features and Multimedia
July 27, 2015
Business

I-10 Bridge Repairs Continue After Collapse Snarls Traffic

California transportation officials said the area where a bridge collapsed on Interstate 10 was scheduled to partially reopen July 24, a move that would bring relief much sooner to truckers and other motorists who rely on the corridor that connects Southern California and Phoenix.

Eugene Mulero | Senior Reporter
July 27, 2015
Business, Government, Safety

Rail Shippers Seek New Rules to Promote Rate Competition

Shipper groups last week urged the Surface Transportation Board to create new rules that could foster lower rail prices through competitive switching or rate caps, now that carriers have become profitable enough to absorb a slight revenue decline.

Rip Watson | Special to Transport Topics
July 27, 2015
Government, Business, Safety, Logistics

TT Archives: Truck Weight Bill

In 1975, President Gerald Ford signed into law a bill allowing states to permit higher truck weights on interstate highways, and it’s worth remembering the reason for the measure – a national speed limit of 55 miles-per-hour had crimped productivity for the nation’s truck drivers.

July 27, 2015
Government, Business

Senate Paves Way for Ex-Im Reauthorization in Highway Bill; Final Passage Likely This Week

Senators reported to work on a rare Sunday session to agree to allow consideration of the reauthorization of the Export-Import Bank as part of the chamber’s consideration of a six-year highway policy measure.

Eugene Mulero | Senior Reporter
July 26, 2015
Business, Equipment

Cummins Opens Singapore Logistics Hub

Cummins Inc. has opened a $5.4 million global logistics hub in Singapore to enhance its worldwide support network for product distribution.

July 24, 2015
Government, Business

ASCE Report Identifies Trends in Modernizing US Infrastructure

The American Society of Civil Engineers has released a report describing new trends in energy, water, freight and transportation that are modernizing U.S. infrastructure.

Josh Janney | Special to Transport Topics
July 24, 2015