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.

Business, Logistics

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, 2015
Business

Watkins & Shepard, Bay & Bay Boost Driver Pay

Two truckload carriers announced they are boosting their drivers’ pay.

Michael G. Malloy | Web Editor
May 15, 2015
Business

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, 2015
Government, Business

Paul 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.

Eugene Mulero | Senior Reporter
May 15, 2015
Business

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, 2015
Business

Consumer 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, 2015
Business

Factory 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, 2015
Government, Business

Transportation 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.    

Eric Miller | Senior Reporter
May 14, 2015
Government, Business

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, 2015
Business

MATS 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.

Neil Abt | Editorial Director
May 14, 2015