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.
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.
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.
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.
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.
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.
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.
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, 2015Senate 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.
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, 2015ASCE 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.