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.
Retail Sales Rise 0.3% in May
Retail sales rose 0.3% in May after a revised 0.5 % gain in April that was much larger than previously estimated, the Commerce Department reported.
June 12, 2014‘SuperTruck’ Program on Track to Meet Fuel-Economy Goals, Report Finds
The research and development project sponsored by the Department of Energy known as “SuperTruck” is on track to meet the goal of 10-plus miles-per-gallon average tractor-trailer fuel economy, according to a new report.
June 12, 2014Feinstein Emboldened by Wal-Mart Crash to Fight HOS Suspension Provision
Sen. Dianne Feinstein (D-Calif.) said she would “continue to fight” provisions in a fiscal 2015 transportation funding bill that would suspend for one year changes to the hours-of-service restart provision implemented last year by federal truck safety regulators.
Key Senator To Support Short-Term Highway Trust Fund Fix
At a hearing considering the nominations of two senior Department of Transportation officials June 11, Sen. John Thune (R-S.D.) said he would support a short-term legislative fix prior to the August congressional recess that would shore up a depleted federal highway account.
Wal-Mart Truck Driver Pleads Not Guilty in Turnpike Tragedy
A Wal-Mart truck driver pleaded not guilty on Wednesday to charges of death by auto and assault in the New Jersey Turnpike crash that killed one man and injured three others, including comedian and actor Tracy Morgan.
June 11, 2014Seroka Gets Nod to Lead Port of Los Angeles
The Los Angeles City Council unanimously approved Gene Seroka to lead North America’s busiest container port as executive director June 11.
NTSB: I-5 Bridge Collapse Driver Complied With HOS Rules
A review of a logbook kept by the truck driver who struck a bridge in Washington state in 2013 found no violations of federal hours-of-service rules, according to documents released June 11 by federal transportation safety investigators.
DOT Freight Transportation Index Jumps 4.8%
The Department of Transportation’s freight transportation services index jumped 4.8% in April from the same month last year to its second-highest level ever.
June 11, 2014Wal-Mart Trucker's Commute Becomes Focus in Turnpike Crash
The Wal-Mart trucker charged in the fatal New Jersey crash that injured actor Tracy Morgan had a lengthy commute from his home in Georgia before reporting to work, two people familiar with the probe said.
Graves, ATA Respond on Turnpike Fatality
In the wake of a much-publicized turnpike crash in New Jersey involving a truck and TV celebrity, ATA President Bill Graves appeared on NPR and CNN; he also wrote an opinion piece in USA TODAY today discussing the hours-of-service rules for truck drivers and trends in highway safety.
June 11, 2014