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.
Teamsters Cancels Florida Con-way Vote
Con-way Inc. said the Teamsters canceled an Orlando, Florida, representation election at its freight unit just before balloting could begin.
February 5, 2015West Coast Port Lockout Threatened, Though Union Says Deal Is Close
The top negotiator for West Coast terminal operators and ocean carriers said the region’s docks are nearing “complete gridlock” and raised the prospect of a lockout in as few as five days unless a contract deal is reached.
Chased by Google, Daimler Looks to Drones, Autonomous Vehicles
On the outskirts of Stuttgart, the German city where Gottlieb Daimler invented the automobile 129 years ago, a team of engineers is envisioning a future when people won’t own or even drive their cars.
Treasury Chief to Senate Panel: Use Private Capital in Infrastructure
Treasury Secretary Jacob Lew on Feb. 5 said he hoped Congress and the Obama administration would agree on proposals to expand private investments to pay for major infrastructure projects around the country.
CVSA Reports Results of Operation Safe Driver
The top five warnings and citations issued to commercial motor vehicle drivers during a law-enforcement campaign in October, respectively, were for speeding, failure to use a safety belt, failure to obey traffic control devices, improper lane changes and following too closely, the Commercial Vehicle Safety Alliance said Feb. 5.
House Bill Would Revive State Infrastructure Banks
A bipartisan bill introduced in the U.S. House would allow states to capitalize infrastructure banks with federal money to help underwrite local transportation projects.
Daimler, Volvo Boost 2015 North American Truck Outlook
Truck manufacturers Daimler AG and Volvo Group both reported higher truck orders and sales for the fourth quarter, and both predicted a stronger North American market for 2015.
Trade Gap Rises to Two-Year High on Record Imports
Record imports and a slowdown in shipments to overseas customers pushed the U.S. trade deficit to a two-year high in December.
February 5, 2015Intermodal Rail Traffic Rises to Record Level in January
Intermodal rail traffic rose to an average of 251,267 units per week in January, the highest weekly average for the month on record, the Association of American Railroads reported.
February 5, 2015Weekly Jobless Claims Decline as Job Market Improves
Fewer Americans than forecast filed jobless claims last week, hovering around levels that are typically associated with an improving job market.