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.
Federal Fuels User Fee Needed, Chamber of Commerce Chief Says
U.S. Chamber of Commerce President Tom Donohue called for a federal fuels user fee to help fund America’s desperate need for infrastructure improvements.
January 14, 2015Democrats Announce T&I Committee Members
Peter DeFazio of Oregon, ranking Democrat on the House Transportation and Infrastructure Committee, has announced the Democrats who will serve on T&I in the new Congress.
Port of Oakland Sets Record for Volume
Officials with the Port of Oakland, California, announced Jan. 13 that the port set a record in 2014 for handling of freight containers, thanks to a 20% surge in December.
January 14, 2015Economy Expands as Driver Shortage Continues to Constrain Capacity, Fed Says
The national economy continued to expand from late November to early January as regions reported capacity constraints from a lack of drivers, the Federal Reserve said.
January 14, 2015Rep. Huffman Pushes Bill to Replace Gas Tax
Rep. Jared Huffman (D-Calif.) this week introduced a bill that would replace the diesel and gas tax with a carbon tax, the latest congressional proposal aimed at boosting transportation dollars ahead of the reauthorization of a major highway law this spring.
ATA Names 19 to America’s Road Team for 2015-’16
American Trucking Associations named 19 truck drivers to represent the industry as the 2015-2016 America’s Road Team.
ATA Introduces New America’s Road Team
Incoming members of the 2015-2016 America’s Road Team were introduced Jan. 14 at American Trucking Associations’ headquarters in Arlington, Virginia, where they were hailed as the nation’s “best of the best” truck drivers.
Driver Shortage, Truck Parking in New Resiliency Definition
WASHINGTON — Transportation officials have expanded the scope of their resiliency planning beyond infrastructure to such issues as how to make trucking more adaptable to driver shortages and inadequate truck parking, said a top official at the Federal Highway Administration.
Shippers Cancel Overnight Loaders at Ports of Long Beach, Los Angeles
Negotiators for West Coast terminals and shipping lines said they will stop assigning overnight crews to unload and load cargo ships at the ports of Los Angeles and Long Beach, Reuters reported.
January 14, 2015Retail Sales Slump in Broad-Based December Retreat
Retail sales in the U.S. slumped in December by the most in almost a year, reflecting a broad-based retreat that will probably prompt economists to cut growth forecasts.
January 14, 2015