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

Striking Oil Workers, Shell Said to Reach Tentative Deal

The United Steelworkers union representing 30,000 U.S. oil workers has reached a tentative deal on a new four-year contract offered by Royal Dutch Shell Plc on behalf of oil companies, a person familiar with the talks said.

Lynn Doan | Bloomberg News
,
Barbara Powell | Bloomberg News
March 12, 2015
Special Coverage, Business

2015 Mid-America Trucking Show Live Blog

The 2015 Mid-America Trucking Show is being held March 26-28 in Louisville, Kentucky at the Kentucky Expo Center. Coverage begins March 25 with a series of press conferences and continues through March 28 with seminars, events and news from the exhibition hall. Follow our live blog to keep up with what's happening throughout the show.

March 12, 2015
Government, Business, Safety, Logistics

Senate Confirms Christopher Hart, Tho Dinh-Zarr for NTSB Spots

The Senate on March 12 easily confirmed Christopher Hart to be the full-time chairman of the National Transportation Safety Board.

Eugene Mulero | Senior Reporter
March 12, 2015
Government, Business

Bill Would Let States Collect Online Sales Tax

A bipartisan bill has been introduced in the U.S. Senate to allow states to collect sales taxes on online purchases, potential revenue that at least two states have directed to roads.

Michele Fuetsch | Staff Reporter
March 12, 2015
Government, Business, Fuel

ARTBA Says Raise Fuel Tax 15 Cents, Give Taxpayers Rebates

The nation’s road builders have proposed that Congress hike the federal diesel and gasoline tax 15 cents a gallon and offset the cost for low- and middle-income people with tax rebates.

Michele Fuetsch | Staff Reporter
March 12, 2015
Business, Fuel

Trains Carrying Crude in Canada to Face Tougher Safety Standards

Canada is strengthening proposed new safety standards for rail cars carrying crude oil, requiring thicker steel and other improvements after a 2013 derailment killed 47 people.

Josh Wingrove | Bloomberg News
March 12, 2015
Business

Retail Sales Fall for Third Straight Month

Sales at U.S. retailers unexpectedly decreased in February for a third consecutive month as inclement weather and low wage gains restrained shoppers.

Shobhana Chandra | Bloomberg News
March 12, 2015
Business

Jobless Claims Decline by 36,000 Last Week

The number of Americans filing for unemployment benefits declined more than forecast last week, returning to a level that’s consistent with an improving labor market.

Nina Glinski | Bloomberg News
March 12, 2015
Business

DOT Freight Transportation Index Rises 5.6%

The Department of Transportation’s freight transportation services index rose 5.6% in January from the same month in 2014, DOT said March 11.

March 12, 2015
Business

Cass Freight Index Rises Less Than 1% in February

The Cass Freight Index, a measure of shipping activity in trucking and other transportation modes, increased in February and expenditures also rose, Cass Information Systems said.

March 11, 2015