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.
Construction Spending Dips in August
Construction spending dipped 0.8% in August, the Commerce Department reported Oct. 1.
October 1, 2014House Ethics Committee Reviews Petri
The House Ethics Committee will extend its review of behavior by U.S. Rep. Thomas Petri, following up on a report from the Office of Congressional Ethics on the Wisconsin Republican.
Knight Buys Barr-Nunn Transportation
Knight Transportation has acquired dry van truckload carrier Barr-Nunn Transportation, based in Des Moines, Iowa.
Private Payrolls Increased by 213,000 in September
Companies hired 213,000 workers in September as the labor market continued to strengthen, a private report based on payrolls showed.
October 1, 201433 Vision-Impaired Drivers Seek Waivers to Drive Commercial Vehicles
A group of drivers who have clear vision in one eye, yet are blind or partially blind in the other eye, are asking a federal regulator to allow them to drive commercial vehicles on the interstates.
Diesel Falls Another 2.3¢, to $3.755 a Gallon
Diesel dropped 2.3 cents — the same decline as last week — to $3.755 a gallon, the Department of Energy reported Sept. 29.
Regulation, Security Among Top Concerns for Healthcare Supply Chain, UPS Survey Finds
Regulatory compliance, product security and cost management were the most commonly cited supply-chain concerns for the global healthcare industry in an annual survey by UPS Inc.
GAO Report Critical of Freight Proposals That Don’t Address Congestion
If recent upward trends in freight flow continue, they could exacerbate the traffic congestion in communities that lie along heavily traveled freight routes, a report from the U.S. Government Accountability Office said.
Omnitracs Approved for Continued Use in Hauling for Defense Department
Omnitracs said it has received a government approval that enables fleets using its satellite-based telematics systems to continue carrying ammunition, explosives and other sensitive cargo for the U.S. Department of Defense and other agencies.
Oil-by-Rail Safety Rule Seen Adding Costs: Railroads, API
Proposed federal rules to make hauling crude oil by rail safer and avoid fiery wrecks would drive up costs and put the U.S. energy revival at risk, the head of an oil industry trade group said.
September 30, 2014