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.
House OKs Restoration of Tax Breaks
The House has passed a bill that could give the trucking industry hundreds of millions of dollars in tax breaks this year for everything from buying new trucks to using natural gas.
NHTSA Nominee Mark Rosekind Tells Senators He Brings ‘Fresh Set of Eyes’
Mark Rosekind, the Obama administration’s pick to lead the National Highway Traffic Safety Administration, told a Senate panel Dec. 3 his tenure as an investigator of national accidents has prepared him to tackle major safety issues.
Natural Gas Proponents Outline Challenges for Senate
Trucking and natural-gas industry witnesses told a Senate panel Dec. 3 that Congress could spur the use of the alternative fuel in the transportation sector by changing the tax code, subsidizing a fueling network and addressing existing weight restrictions on highways.
Video: Obama Doesn't See Congress Passing Long-Term Highway Funding Fix
President Obama told chief executives on Dec. 3 he doubts congressional leaders will be able to advance a long-term comprehensive transportation measure next year, approving instead a short-term highway funding fix.
Economy Continues Expansion; Trucking Revenue Rises, Fed Says
The national economy continued to expand from early October to late November as some of the 12 districts reported higher trucking revenue, the Federal Reserve said.
December 3, 2014First US Gas Station Drops Below $2 a Gallon
Cummins Debuts Plan for Downtown Indianapolis Office
Cummins Inc. presented Indianapolis officials with plans to locate its global distribution business headquarters in the city’s Market East cultural district.
December 3, 2014Manitoulin Acquires Canfleet Logistics
Manitoulin Global Forwarding has acquired Vancouver, British Columbia-based Canfleet Logistics. Terms were not disclosed.
December 3, 2014Supreme Court Hears Arguments in UPS Pregnancy Discrimination Case
WASHINGTON — The U.S. Supreme Court on Dec. 3 heard oral arguments in a high-profile UPS case that may provide guidance for employers on whether they must provide “light duty” jobs or otherwise accommodate pregnant employees unable to perform their normal job duties.
Eno Center Proposes Fixes for Highway Trust Fund
WASHINGTON — The Eno Center for Transportation, a Washington, D.C., think tank, has outlined ways to realize long-term funding for the national transportation system in a report unveiled at the National Press Club on Dec. 3.