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.
Policymakers, Financiers Agree on Infrastructure Crisis, but Not on Funding Mechanisms
WASHINGTON — Policymakers and Wall Street veterans made pleas May 11 for greater investment in the nation’s infrastructure but acknowledged the stumbling block is still the same — how to pay for it.
P3s See Federal Inaction as Elevating Their Importance
WASHINGTON — The biggest challenges facing infrastructure public-private partnership proposals are in persuading public officials and taxpayers to accept some level of financial and possibly environmental risk, and in convincing public employees they won’t lose their jobs, a panel of P3 supporters said at a May 11 “Infrastructure Week” event.
Diesel Average Rises 2.4¢ to $2.878 a Gallon in Fourth Straight Increase
Diesel’s national average price rose for the fourth straight week, climbing 2.4 cents to $2.878 a gallon, the Department of Energy reported May 11.
Top T&I Dems Request Hearing on Long-Term Highway Bill
The top two Democrats on the House Transportation and Infrastructure Committee are pressing the panel’s chairman and the chamber’s top tax policy authorizer to schedule a joint hearing very soon that focuses on a long-term highway bill.
Worldwide Express Hires Joel Clum from CarrierDirect
Worldwide Express, a reseller of express shipping for UPS Inc. and other freight carriers, said it has hired Joel Clum to be senior vice president of franchise operations.
May 11, 2015Video: Freightliner’s ‘Inspiration’ for Autonomous Driving
LAS VEGAS — Freightliner Trucks made the largest splash yet in the development of autonomous-driving trucks, receiving the world’s first license to operate on public highways. Watch TT's exclusive interview with Daimler Trucks North America's Martin Daum.
May 11, 2015VP Biden: Highway Funding Patch to ‘Hopefully, Occur Very Soon’
WASHINGTON — Vice President Joe Biden said Congress will soon unveil a highway funding patch that ensures states continue to receive federal funding assistance after transportation funding authority expires at the end of the month.
FedEx Freight Beats Teamsters in Chicago-Area Vote
FedEx Freight announced that a majority of drivers at its Chicago Heights, Illinois, terminal rejected representation by the Teamsters union in the most recent election at the largest less-than-truckload carrier.
May 11, 2015Oil Retreats on Speculation Global Supply Glut to Endure
Oil dropped a third day in London May 11 amid speculation that a global oversupply will persist.
May 11, 2015Greg Nadeau Nominated to Be Administrator of FHWA
President Obama on May 8 nominated Greg Nadeau to be administrator of the Federal Highway Administration.