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.
SCI Logistics Opens Health-Care Distribution Facility in Toronto Area
SCI Logistics said it has opened a new facility in the Toronto area to provide supply-chain services for the health-care industry.
May 15, 2015Watkins & Shepard, Bay & Bay Boost Driver Pay
Two truckload carriers announced they are boosting their drivers’ pay.
Lower Fuel Prices Expected to Push Memorial Day Travel to 10-Year High
U.S. travel over the May 25 Memorial Day weekend is poised to reach a 10-year high as Americans with more money in their pockets are lured onto the roads by lower prices at the pump.
May 15, 2015Paul Ryan, Bill Shuster Introduce House GOP Version of Two-Month Highway Fund Extension
The House Rules Committee has scheduled a hearing on a measure sponsored by the leaders of the tax-writing and transportation policy panels that would extend highway funding authority through July.
University of Memphis Establishes Award Honoring Trucking-Industry Figure Mike Pennington
The University of Memphis has established the D. Mike Pennington Award for Outstanding Mentoring to honor a longtime trucking-industry figure who died in December.
May 15, 2015Consumer Sentiment Plunges by Most in Two Years
Consumer confidence unexpectedly fell in May by the most in more than two years as Americans’ views on the economy dimmed.
May 15, 2015Factory Output Stalls in April on Machinery Cutbacks
Factory production stalled in April, as American manufacturers were dealt blows by a strong dollar and cheap oil.
May 15, 2015Transportation Experts Debate Proposals for Keeping Highway Trust Fund Solvent
WASHINGTON — A panel of transportation experts debated several proposals to rescue the nearly insolvent Highway Trust Fund but offered little hope that Congress, facing a May 31 deadline to pass a transportation bill, would approve a long-term solution.
Sens. Tom Carper, Barbara Boxer Introduce Bill to Authorize Transportation Programs Into July
The top Democrats on the Senate Environment and Public Works panel unveiled legislation May 14 that would extend surface transportation authorization into July, the same time a key highway account is projected to run low on funds.
May 14, 2015MATS Organizers Say They Have Not Considered Making Event Biennial
Organizers of the Mid-America Trucking Show said they have investigated expanding the show’s length.