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.
Key Senate Subcommittee to Examine Transportation Connectivity
An influential Senate panel that oversees truck safety issues is scheduled to meet Jan. 29 to gather input from industry leaders about ways to improve transportation connectivity around the country.
January 26, 2015House Speaker: Fund Highway Bill through Tax Reform
During a Jan. 25 broadcast of CBS’ “60 Minutes,” House Speaker John Boehner (R-Ohio) said the GOP-led Congress would be able to work with the Obama White House to advance a multiyear highway bill that modernizes aging infrastructure critical to the trucking sector.
Celadon Buys N.C. Carrier Taylor Express
Celadon Group Inc. purchased Taylor Express Inc., a regional dry van and dry bulk for-hire and dedicated truckload carrier, for $43 million in cash, the Indianapolis-based carrier announced Jan. 26.
Northeast Cities, States Issue Travel Bans as Storm Bears Down
A nor’easter blizzard of historic proportions barreling up the U.S. East Coast prompted authorities to shut highways, transit systems, schools, Broadway shows and sporting events in a swath from New Jersey through New England.
Former Roadway CEO Wickham Dies at 68
Former Roadway Corp. CEO and prominent trucking industry leader Michael Wickham, 68, died on Jan. 20 at his home in Palm Coast, Florida.
Steep Drop in Gasoline Prices Diminishing, Lundberg Says
The average price of regular gasoline at U.S. pumps dropped 13.3 cents to $2.069 a gallon, as the plunge may be abating, according to Lundberg Survey Inc.
Study: Crash Data Flawed
Safety regulators do not have a foolproof path to follow for quickly assessing fault in crashes and then using those judgments to predict future risk among trucking companies, according to a study released last week by the Federal Motor Carrier Safety Administration.
January 26, 2015Letter: Why Increase Taxes On Fuel?
In the annual State of American Business address by U.S. Chamber of Commerce President Thomas Donohue in Washington, D.C., on Jan. 14, he talks about making it easier for businesses and workers to move ahead and ease the tax burden that is on them, along with getting the government out of the way so that business owners can do what they do best — which is to create jobs and produce products or services.
January 26, 2015Opinion: Driver Shortage Can Be History by 2020
Walter O’Brien has the fourth-highest IQ ever recorded, and I recently had the chance to meet him at an entrepreneurial event on the campus of the University of California, San Diego.
January 26, 2015TT Archives: Highway Funding
In this issue of Transport Topics, President Eisenhower’s Advisory Committee on a National Highway Program proposed increasing the nation’s highway expenditures by $101 billion over the next 10 years, expanding the National System of Interstate Highways to 400,000 miles.
January 26, 2015