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.
DOE Lowers 2015 Diesel-Price Forecast to $2.86
The Department of Energy lowered its 2015 forecast for U.S. diesel prices 2 cents to $2.86 a gallon but held its 2016 projection at $3.03.
July 8, 2015Senate Working Group Promotes VMT Program to Boost Trust Fund
Federal lawmakers should consider implementing a vehicle miles traveled pilot program nationwide as a way to boost dollars for infrastructure projects on a long-term basis, a Senate Finance Committee working group said in a report released July 8.
International WorkStar With Cummins Engine Now in Production
International Trucks has begun production of the WorkStar vocational truck available with a Cummins ISB6.7 engine as an option.
July 8, 2015Permits for Drones Soar Even as FAA Develops Rules
The Federal Aviation Administration is issuing permits for the commercial use of drones at a rate of about 250 a month as it tries to meet the growing demand for unmanned aircraft while it develops rules for their use.
Record Job Openings Bolster Optimism About Economy
The U.S. labor market has tilted sharply toward job hunters as unfilled openings hit a record high in May, reinforcing signs of corporate optimism about the economy’s prospects.
Federal Standards Needed for Autonomous Technology to Excel, Volvo Executive Says
WASHINGTON — For autonomous driving technologies to continue to advance, lawmakers will have to approve federal standards that address various regulations at the state level, a Volvo executive told a Senate transportation panel on July 7.
Truck Driver Receives Carnegie Medal for Heroism
Truck driver Clinton Blackburn of Morehead, Kentucky, has been named one of 18 winners of the Carnegie Medal, awarded to those who risk their lives to an extraordinary degree while saving or attempting to save the lives of others.
Port Logistics Group Names New CFO
Port Logistics Group, a provider of gateway logistics services, has appointed Marty Brogden as its new chief financial officer.
July 7, 2015Pitt Ohio to Begin Service in Louisville on Aug. 17
Less-than-truckload fleet Pitt Ohio announced plans to expand its service area Aug. 17 to include the Louisville, Kentucky, market.
July 7, 2015ATA Among Groups Supporting Sen. Deb Fischer’s FMCSA Reform Bill
Two leading trucking associations and a key safety group have expressed support for legislation recently introduced by Sen. Deb Fischer (R-Neb.) designed to reform the Federal Motor Carrier Safety Administration’s regulatory process.