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.

Government, Business

Sen. John Thune: 'I Hope That This Is the Last Patch’

WASHINGTON — The chairman of the Senate committee that oversees trucking regulations said he hopes Congress advances a multiyear highway bill by the time a two-month funding extension for highway programs expires at the end of July. The measure is before the Senate this week.

Eugene Mulero | Senior Reporter
May 20, 2015
Business

Ports Post Generally Higher April Cargo Movements

U.S. ports logged higher cargo movements in April from a year ago, with the Port of Long Beach, California, reporting that its tonnage rose to the highest level for the month in six years.

Michael G. Malloy | Web Editor
May 20, 2015
Business, Logistics

Intermodal Rail Traffic Rises as Carloads Decline for Fourth Week

U.S. rail intermodal traffic rose 2.9% in the week ended May 16 compared with the same week last year as carload volume declined for the fourth consecutive week, the Association of American Railroads reported.

May 20, 2015
Government, Business

Daniel Elliott Approved by Senate Panel as Surface Transportation Board Nominee

WASHINGTON — The Senate Commerce Committee on May 20 easily approved the nomination of Daniel Elliott for a reappointment on the Surface Transportation Board. The nomination now moves to the full Senate, where consideration is expected after the Memorial Day holiday recess.

Eugene Mulero | Senior Reporter
May 20, 2015
Business

Notebook: Volvo Connects Ocean With Trucking, Touts Growing Market Share

NEWPORT, R.I. — Trucking and an ocean race may not immediately seem like a natural combination. However, the two have proved to be a perfect match.

Neil Abt | Editorial Director
May 20, 2015
Business, Autonomous

Driverless Vehicles May Cut US Auto Sales by 40%, Analyst Says

U.S. auto sales may drop about 40% in the next 25 years because of shared driverless cars, forcing mass-market producers such as General Motors Co. and Ford Motor Co. to slash output, a Barclays analyst said.

May 20, 2015
Business

E-Commerce Increases 3.5%

Sales on e-commerce websites increased 3.5% in the first three months of the year from the previous quarter, reaching a record $80 billion worth of purchases, according to seasonally adjusted figures released by the Commerce Department on May 15.

May 20, 2015
Business

April Truck Tonnage Growth Slows to 1% Year-Over-Year

Truck tonnage growth slowed to the lowest level in more than two years in April, gaining 1% over the same month last year, American Trucking Associations reported.

Michael G. Malloy | Web Editor
May 19, 2015
Government, Business

House Passes Two-Month Highway Trust Fund Patch; Senate’s Turn to Act

House Republicans on May 19 garnered plenty of support for a two-month extension of highway funding authority, even as a pesky cadre of Democrats criticized their efforts.

Eugene Mulero | Senior Reporter
May 19, 2015
Business, Safety, Government

Rural America Needs Road, Bridge Overhaul, Report Says

Rural American communities also have transportation needs and suffer from dilapidated roads and bridges, says a report from TRIP, a nonprofit transportation research group.

Jonathan S. Reiskin | Associate News Editor
May 19, 2015