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.
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.
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, 2015Senate 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.
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.
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.
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.
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.
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.
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, 2015Cass 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