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.
DOT Awards $600 Million in TIGER Grants for Projects in 46 States
Transportation Secretary Anthony Foxx announced $600 million in grants for 72 transportation projects in 46 states, including several projects aimed at rehabilitating deteriorating infrastructure.
Nevada Hoping to Get I-15 Reopened This Weekend, But Not to All Trucks
Nevada officials said they hope to open one lane in each direction this weekend on Interstate 15, closed due to severe flood damage, but trucks still will be detoured.
Weekly Intermodal Traffic Rises 4.5%
U.S. rail intermodal traffic increased 4.5% in the week ended Sept. 6 compared with the same week last year, the Association of American Railroads reported.
September 12, 2014Import Prices Decline for Second Month in August
The price of imported goods dropped in August, after falling the prior month, the Labor Department reported Sept. 12.
September 12, 2014Retail Sales Increase by Most in Four Months
Sales at retailers climbed in August at the fastest pace in four months and prior readings were revised up, boosting prospects for U.S. economic growth this quarter.
September 12, 2014Truck Transportation Deaths Drop 8% in 2013
Deaths in the truck transportation industry declined 8% to 461 in 2013, according to a preliminary report on fatal occupational injuries by the U.S. Department of Labor.
September 11, 2014Panama Canal Expansion Pushed to 2016
The head of the Panama Canal Authority said completion of the canal’s $5 billion expansion has been delayed until 2016, from a previously targeted late 2015 completion date, the Associated Press reported.
September 11, 2014Omnitek Receives EPA Certification for Detroit Nat-Gas Engine
Omnitek Engineering Corp. said it has received certification from the U.S. Environmental Protection Agency for diesel-to-natural-gas conversions of the Detroit Diesel Series 60.
September 11, 2014Fleet Advantage Promotes Holland to President
Fleet Advantage, a truck fleet equipment financing firm based in Fort Lauderdale, Florida, announced that it promoted Brian Holland to president from senior vice president.
September 11, 2014Unemployment Claims Rise to Two Month High
The number of Americans filing for unemployment benefits unexpectedly rose last week to a two-month high, interrupting a steady decrease to the lowest level since before the last recession.
September 11, 2014