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.
Car Haulers Expect ‘Stellar’ 2015 Market, Driven by Robust Vehicle Sales, Economy
Car haulers, buoyed by 2014 new vehicle sales at an eight-year high, remain optimistic that their industry’s rebound will continue this year amid further improvement in the economy.
January 19, 2015FMCSA Recruiting Drivers and Carriers for HOS Study
The Federal Motor Carrier Safety Administration is looking for truck drivers and carriers willing to participate in an hours-of-service driver restart study.
Oregon Congressman to Again Propose Higher Fuel Taxes to Pay for Roads
Rep. Earl Blumenauer (D-Ore.), a member of the House Ways and Means Committee, said he will reintroduce the bill he put forth last year to increase fuel taxes to pay for the nation’s road needs.
Obama Pushes P3s to Fund Infrastructure Projects
The Obama administration on Jan. 16 announced it would create a municipal bond and approve other proposals to fund big-ticket infrastructure projects, four days before the president’s State of the Union address.
Truckers Poised to Join US Car Drivers’ Fuel Relief
Sliding farm demand after the U.S. harvest and milder weather brings diesel, nearly identical to heating oil, more in line with gasoline.
PeopleNet Creates Four Business Lines, Names Kessler Head of Trucking Division
Onboard truck technology provider PeopleNet is organizing its operations into four newly developed business lines — trucking, energy services, video intelligence and channels/original equipment manufacturers — to better serve different customers’ needs.
Intermodal Traffic Rises 2.1% for Week
U.S. rail intermodal traffic increased 2.1% in the week ended Jan. 10 compared with the same week last year, the Association of American Railroads reported.
January 16, 2015Consumer Sentiment Surges to 11-Year High
Consumer confidence jumped in January to the highest level in 11 years as steady job gains and plunging gas prices brightened the outlook for U.S. households.
January 16, 2015Factory Output Cools After Biggest Gain Since February
Factory production cooled in December as capital spending and vehicle assemblies slowed, indicating U.S. manufacturers were adjusting to weaker overseas markets.
Consumer Prices Drop by Most in Six Years as Fuel Slumps
The cost of living in the United States declined in December by the most in six years, reflecting a plunge in energy costs that’s keeping inflation from rising toward the Federal Reserve’s goal.