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.
Man on a Mission Helps Students Graduate And Start Out on the Right Path in Life
To the educators and students at Herron High School, Stephen Russell is a trucker with a heart — and a man on a mission to set young people on the right path in life
June 23, 2014Mobileye Plans Initial Public Offering
Collision-avoidance technology provider Mobileye N.V. has filed to raise up to $100 million through an initial public offering in the United States.
June 20, 2014Key House Democrat Aims to Take His Infrastructure Bill Viral
Maryland Democrat Rep. John Delaney unveiled a website June 17 to draw attention to a bill he introduced last year that would create a $50 billion infrastructure fund.
Inspectors Confirm Dirt Pile Caused I-495 Bridge Piers to Buckle
Federal Highway Administration inspectors have confirmed earlier suspicions that a 50,000-ton pile of fill dirt placed adjacent to the I-495 Christina River Bridge site in Wilmington, Delaware, caused a buckling of four of the bridge’s 37 piers that led to its closing earlier this month.
US Housing Recovery Faltering
The Mortgage Bankers Association on June 19 lowered its new and existing home sales forecast for the year to 5.28 million — a decrease of 4.1% that would be the first annual drop in four years.
Mack Trucks to Aid Customers in Alt-Fuel Grant Process
Mack Trucks announced it is working with Sustainability Initiatives Group (SIG) to help dealers and customers navigate the grant process to obtain public funding for alternative fuel- and clean diesel-powered vehicles.
June 20, 2014Premier Trailer Leasing Buys Trailer Fleet
Premier Trailer Leasing said it has acquired certain assets of Trailer Fleet International. Terms were not disclosed.
June 20, 2014Weekly Intermodal Rail Volume Rises to Highest on Record
U.S. rail intermodal traffic increased 6.3% in the week ended June 14, to the highest week on record, compared with the same week last year, the Association of American Railroads reported.
June 20, 2014Partisan Procedural Objections Halt Action on HOS Amendment
Debate on an amendment to an expansive fiscal 2015 funding bill that would have rolled back a suspension to a rule limiting the time truckers can operate on roadways came to a halt June 19 after the Democratic and Republican leaders in the Senate announced they could not agree on how to proceed with the bill.
Mack Trucks to Invest $26 Million in Pennsylvania Plant
Mack Trucks said it will invest $26 million to upgrade its cab and vehicle assembly plant in Macungie, Pennsylvania.
June 20, 2014