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.
Jobless Claims Hold Below 300,000 for 14th Week
Applications for unemployment benefits remained below 300,000 for a 14th straight week, a sign of labor market strength that will help fuel economic growth.
House Tax Policy Panel to Hold Highway Funding Hearing June 17
Tax policy writers in the House will explore ways to ensure there is long-term financing for the Highway Trust Fund during a hearing June 17, according to an announcement from the tax policy committee’s chairman.
Trucks a Key Part of Obama Administration’s Climate-Change Goals
The Obama administration is adding crucial elements to its campaign against climate change this month with proposals to limit carbon emissions from trucks and aircraft, two of the heaviest fuel users.
Intermodal Rail Traffic Rises to Second-Highest Level This Year
U.S. rail intermodal traffic rose to the second-highest level this year for the week ended June 6, the Association of American Railroads reported.
June 10, 2015Truck Toll Excluded from Rhode Island's Budget, For Now
The Rhode Island General Assembly might postpone consideration of the governor’s controversial "RhodeWorks" road and bridge plan, which includes truck tolls on bridges, until later this year, the press secretary for state Senate President Teresa Paiva Weed said June 10.
C.R. England Granted Exemption From New Driver Rule
Federal regulators have granted refrigerated carrier C.R. England Inc. a two-year exemption from a new requirement that truck drivers with learning permits who have passed their commercial driver license skills test be accompanied by an experienced “on-duty” driver-trainer for the drive home to pick up their CDL.
Kalmar Delivers 60,000th Tractor, Rolls Out T2 Model That’s in Production
OTTAWA, Kansas — Kalmar Ottawa delivered its 60,000th Ottawa terminal tractor last week to longtime customer Averitt Express in Cookeville, Tennessee, following a media presentation of its new Ottawa T2 model, now in full production at the company’s 300-employee factory here.
Trinity Industries Must Pay $663 Million in Guardrail Defect Case
Trinity Industries Inc., maker of a highway guardrail safety system tied to at least nine deaths, must pay $663 million for defrauding the U.S. government.
US Oil Production to Peak at 43-Year High Before Trailing Off
U.S. oil output will peak at a 43-year high in 2015 as producers work through a backlog of uncompleted wells before trailing off in the second half of the year.
House OKs Transportation Bill With 33-Foot Trailer, HOS Provisions
The House on June 9 approved spending legislation with key trucking provisions, including one that would permit twin 33-foot trailers on U.S. highways. The Transportation, Housing and Urban Development appropriations bill now goes to the Senate.