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.
Mediators Enter West Coast Talks;Port Terminals Remain Congested
Federal mediators last week entered the slow-moving West Coast port labor talks in an effort to speed an agreement, as unseasonable delays continue to plague Southern California’s freight network.
January 12, 2015STB to Continue Railroad Reviews, Sidesteps California Emissions Case
The Surface Transportation Board, now reduced to two members, decided to wade further into rail service oversight and stay out of a California rail emissions case.
January 12, 2015Diesel Drops 7.6¢ to $3.137 as Crude Falls Below $50
Diesel prices began the new year the same way they finished 2014, with the U.S. retail average falling 7.6 cents to $3.137 a gallon, the Department of Energy reported.
January 12, 2015Celadon Asks Court to Reconsider $3.8 Million Fine
Celadon Trucking Services has asked a federal court to reconsider a state court’s $3.8 million judgment against the Indianapolis-based carrier for failing to pass on fuel rebate savings to its drivers.
Missouri Truckers Preparing to Fight Efforts to Toll I-70
Missouri truckers said they will fight renewed attempts by the state to toll Interstate 70 in order to pay for its rebuilding.
Crash Closes Both Directions of I-94 In Michigan
Interstate 94 is closed in both directions near Galesburg, Michigan, located between Kalamazoo and Battle Creek, after a crash this morning involving over 100 cars and trucks.
Port of Virginia Reports Record Annual Volume
The Port of Virginia reported it handled record volume of more than 2.3 million 20-foot equivalent units in 2014, up 7.6% over the previous year, but cited “challenges” for truckers that serve the port.
EFS Offers Payment Processing for CAT Scale’s Mobile App
Electronic Funds Source said drivers now can use its payment cards in conjunction with CAT Scale Co.’s new Weigh My Truck mobile app.
January 9, 2015Trucking Adds 7,300 Jobs in December; Unemployment Declines to 5.6%
The trucking industry added 7,300 jobs in December as the unemployment rate declined to 5.6%, the lowest level since June 2008, the Labor Department reported Jan. 9.
January 9, 2015Sen. Reed to be Ranking Dem on Senate Transportation Funding Committee in 114th Congress
Sen. Jack Reed (D-R.I.) will be the next ranking member of the Senate Transportation, Housing and Urban Development Appropriations Subcommittee, the top Democrat on the full committee, Barbara Mikulski (D-Md.), announced Jan. 9.
January 9, 2015