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.
House OKs Transportation Bill, Opposes Raising Insurance Requirements for Truck Companies
Despite Democrats’ objections over the bill’s proposed funding for infrastructure grant programs, the GOP-led House on June 10 narrowly passed a fiscal 2015 transportation funding bill 229-192.
Labor Day Reopening Targeted for I-495 Bridge in Delaware
The southbound lanes of the I-495 bridge spanning the Christina River in Wilmington, Delaware, will not be reopened until Labor Day at the soonest, and the northbound lanes could be opened several weeks later, Delaware Department of Transportation officials said June 10.
Commerce Committee to Hold DOT Nominations Hearing June 11
Senators are likely to press two senior Department of Transportation officials on highway funding, safety and freight policy when a committee considers their nominations June 11 for top jobs at the department.
DOE Boosts 2014 Diesel Forecast to $3.90
Diesel will average $3.90 a gallon this year, the Department of Energy said, boosting its most recent price forecast by 4 cents.
Obama Signs Water Bill To Boost Ports
President Obama on June 10 signed a water policy bill into law that allows dredging at ports throughout the country, ahead of the expansion of the Panama Canal.
Turnpike Crash Cited by Opponents of Relaxed HOS Rules
The deadly New Jersey Turnpike crash that seriously injured comedian Tracy Morgan is emboldening opposition to efforts in Congress to loosen limits on how many hours truckers can be on the road.
White House Opposes House Spending Bill’s Truck Size, Weight Provisions
As lawmakers prepare to pass a House transportation spending bill June 10, a recent White House bulletin took issue with provisions in the bill that would allow heavier commercial trucks to operate in three states.
N.J. Carrier New Century Transportation to Shut Down
New Century Transportation, a New Jersey-based less-than-truckload and truckload carrier, has told employees it plans to shut down.
Meritor Promotes Jay Craig to President, Chief Operating Officer
Meritor Inc. said it has promoted Jay Craig to president and chief operating officer from senior vice president and chief financial officer, effective June 9.
June 10, 2014Bolt Holdings Buys DSE Services
Transportation and logistics provider Bolt Holdings said it has acquired truckload hauler DSE Services. Financial terms were not disclosed.
June 10, 2014