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

Michigan Voters Reject Transportation Funding Plan That Would Have Raised Sales Tax

Michigan voters have overwhelmingly rejected a ballot measure that would have raised the state sales tax from 6% to 7% as the key element in a sweeping transportation funding plan now dead.

Michele Fuetsch | Staff Reporter
May 6, 2015
Special Coverage, Business

T. Boone Pickens: Natural Gas Remains a Viable Option as Transportation Fuel

DALLAS — Oklahoma oil man and natural-gas supporter T. Boone Pickens on May 5 joined the chorus of optimistic voices speaking here at the 2015 ACT Expo that despite current cheap diesel prices, the future of natural gas as a transportation fuel hasn’t dimmed.

Eric Miller | Senior Reporter
May 5, 2015
Special Coverage, Business

Cummins Westport Unveils 6.7-liter Natural-Gas Engine

DALLAS — Cummins Westport Inc., the joint venture between Cummins Inc. and Westport innovations that makes natural-gas engines, unveiled a new 6.7-liter nat-gas engine that will be in full production next year.

Michael G. Malloy | Web Editor
May 5, 2015
Special Coverage, Business

Group Fighting Sex Trafficking Relies on Truckers as Watchdogs

DALLAS — A nonprofit group fighting sex trafficking on the nation's highways issued an appeal that truckers and shippers train their employees to report suspicious activities.

Eric Miller | Senior Reporter
May 5, 2015
Special Coverage, Business

Cummins to Invest in Agility to Boost Natural-Gas Use

DALLAS — Engine maker Cummins Inc. will invest in Agility Fuel Systems, which makes natural-gas fuel storage and delivery systems for heavy-duty trucks and buses, to boost use of the alternative fuel.

Michael G. Malloy | Web Editor
May 5, 2015
Special Coverage, Business

UPS to Buy Renewable Natural Gas at Three Calif. Clean Energy Stations

DALLAS — UPS Inc. has entered into an agreement to buy renewable natural gas from Clean Energy Fuels Corp. at three California locations.

Michael G. Malloy | Web Editor
May 5, 2015
Business, Safety, Autonomous

Truck/Rail Freight Rises 2% in 1Q, IANA Report Says

The Intermodal Association of North America pegged first-quarter truck/rail shipment growth at 2%, which was achieved despite a drop in international cargo due to West Coast port delays.

May 5, 2015
Special Coverage, Business

Penske Announces Nat-Gas Grants From Texas, DOE

DALLAS — Penske Truck Leasing announced two grants under which it will receive  $1.5 million from the U.S. Department of Energy and state of Texas to boost alternative natural-gas use in its fleet.

Michael G. Malloy | Web Editor
May 5, 2015
Special Coverage, Business

Commissioner Says NG, Stations, Vehicles Surging in Popularity in Texas

DALLAS — Natural-gas motor fuels, filling stations and vehicles are surging in Texas, said an official responsible for regulation of the oil and gas industry in the state.

Eric Miller | Senior Reporter
May 5, 2015
Special Coverage, Business

Technology Adoption Boosts Fleets’ Efficiency to 7 MPG, NACFE Says

DALLAS — Use of a variety of technologies to boost fleets’ fuel efficiency helped increase mileage for 14 major nationwide carriers to 7 mpg last year, well over the national average, according to the North American Council for Freight Efficiency.

Michael G. Malloy | Web Editor
May 5, 2015