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.
Accuride to Supply Daimler Trucks With Gunite Brake Drums
Component maker Accuride Corp. signed a multiyear agreement with Daimler Trucks North America to supply its cast-and-machined Gunite brake drums to Daimler’s aftermarket parts group.
GE Capital Canada Signs Agreement With Shell to Boost LNG Use in Trucking
GE Capital Canada said it has signed an agreement with Shell Canada Products to facilitate the trucking industry’s adoption of liquefied natural gas in that country.
Pending Sales of Existing Homes Increase 3.4% in April
More Americans than forecast signed contracts to purchase previously owned homes in April, indicating a pickup in the housing market during the busy spring selling period.
Jobless Claims Hold Below 300,000 for 12th Week
Applications for U.S. jobless benefits remained below 300,000 for the 12th straight week, signaling the labor market remains firm even as the economy has been slow to rebound from a first-quarter slump.
May 28, 2015Sen. Tom Carper: ‘Devolution’ Would Hinder National Transportation Network
WASHINGTON — As Senate transportation authorizers prepare to consider a six-year measure next month, Sen. Tom Carper (D-Del.) said efforts that would limit the federal government’s involvement in large-scale infrastructure projects would hurt the country’s intricate freight network.
Intermodal Rail Traffic Rises as Carloads Drop for Fifth Week
U.S. rail intermodal traffic rose 4.3% in the week ended May 23 compared with the same week last year as carload volume declined for the fifth consecutive week, the Association of American Railroads reported.
May 27, 2015White House Completes Review of Heavy-Vehicle Electronic Stability Control System Rule
The White House Office of Management and Budget has completed its review of the National Highway Traffic Safety Administration’s final rule on electronic stability control systems for heavy vehicles, bringing it a step closer to publication.
Self-Driving Truck Corridor From Mexico to Canada Proposed
A trade group recently proposed the creation of a corridor for self-driving trucks to deliver freight without passports or visas from Mexico to Canada, CBC reported.
May 27, 2015Iraq Set to Flood Oil Market to Further Undercut US Shale
Iraq is taking OPEC's strategy to defend its share of the global oil market to a new level.
, May 27, 2015Diesel Average Rises a Penny to $2.914 in Sixth Straight Gain
Diesel’s national average price rose a penny to $2.914 a gallon, the sixth straight increase for trucking's main fuel, the Department of Energy reported.