Business

About Business News...

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.

Government, Business

Sen. Booker Proposes HOS Amendment To Transportation Bill

New Jersey Democrat Cory Booker officially unveiled an amendment to a fiscal 2015 funding bill on June 18 that would undo a provision that would suspend for one year a rule that puts limits on the time truckers can operate on roadways.

Eugene Mulero | Senior Reporter
June 18, 2014
Government, Business

Senators Propose Raising Federal Motor Fuels Tax to Boost Trust Fund

Two senators on June 18 unveiled a plan aimed at boosting a federal highway account used by states to pay for infrastructure projects that the federal government estimates will run out of money in August.

Eugene Mulero | Senior Reporter
June 18, 2014
Business

FedEx Corp.’s 4Q Income Rises to $730 Million

FedEx Corp. reported its fiscal fourth-quarter net income rose to $730 million, or $2.46 per share, from $679 million, or $2.13, a year ago.

June 18, 2014
Business, Fuel

Clean Energy Opens LNG Station in El Paso

Clean Energy Fuels Corp. said it opened a public liquefied natural-gas fueling station in El Paso, Texas, on June 17 that would enable LNG trucks to drive from Los Angeles to Houston on Interstate 10.

June 18, 2014
Business, Technology

ProSight Offers SmartDrive Video Safety with Insurance Package

ProSight Specialty Insurance is now offering to pay for its transportation customers to adopt video-based fleet safety technology through a new insurance package.

Seth Clevenger | Managing Editor, Features and Multimedia
June 18, 2014
Business, Logistics

Union Pacific Increases Intermodal Service From West Coast to Chicago

Union Pacific said it is increasing the frequency of intermodal service from Portland, Oregon, and Northern California to Chicago to create more truck-competitive service.

June 18, 2014
Business

Wex Inc. to Acquire Health-Care Payment Firm for $532.5 Million

Wex Inc. will acquire health-care payment firm Evolution1 for $532.5 million, the fleet payment-processing company said.

June 18, 2014
Government, Business

Senate to Consider Transportation Bill, HOS Amendment June 19

The Senate will reconvene on June 19 and continue its consideration of an expansive fiscal 2015 funding bill that, among other things, would suspend for a one year a rule that puts limits on the time truckers can operate on roadways.

Eugene Mulero | Senior Reporter
June 18, 2014
Government, Business

Senate Republicans Urge Finance Committee Chairman To Approve Short-Term Trust Fund Fix

Nearly every Republican on the Senate Finance Committee has asked the panel’s Democratic chairman to approve a short-term legislative fix that would shore up a federal highway account projected to run out of money in August.

Eugene Mulero | Senior Reporter
June 17, 2014
Business

ATA Truck Tonnage Index Rose 3.4% in May

Truck tonnage rose 3.4% last month, helped by growth in all sectors of the trucking industry, American Trucking Associations reported.

June 17, 2014