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.
Sen. Collins to Call for Changes to HOS Rule at Hearing Today
Sen. Susan Collins (R-Maine) is expected to offer an amendment today to a fiscal 2015 transportation funding bill that would address what her staff said are the unintended consequences of a federal truck safety rule that is opposed by much of the industry.
Senate Subcommittee Approves $54.4 Billion Transportation, Housing Spending Bill
Senate appropriators on June 3 easily approved a $54.4 billion spending bill that would fund transportation and housing programs in fiscal 2015, and boost funding for a popular infrastructure grant program.
I-495 Bridge in Delaware Closes After Failing Inspection
An Interstate 495 bridge in Wilmington, Delaware, has been closed indefinitely after inspectors discovered that four of the 37 support columns are tilted as much as 4% out of vertical alignment, the Delaware Department of Transportation said.
Element to Buy PHH Arval for $1.4 Billion
Element Financial Corp. said it has agreed to acquire PHH Arval, the North American fleet management services business of PHH Corp.
June 3, 2014Washington Timber Truck Route Reopened
Washington has reopened one lane of a main timber industry highway buried by the March landslide that left 41 people dead and two missing in the community of Oso northeast of Everett.
Factory Orders Rise for Third Consecutive Month in April
Factory orders increased for a third consecutive month, rising 0.7% in April, the Commerce Department reported June 3.
June 3, 2014TMC Releases Recommended Practices Manual
American Trucking Associations’ Technology & Maintenance Council has published its 2014-2015 Recommended Practices Manual.
June 3, 2014Roadcheck 2014 Begins Today
About 10,000 federal, state, provincial and local truck and bus inspectors are fanning out across thousands of locations in North America today through Thursday for the annual “Roadcheck” inspections on commercial vehicles.
June 3, 2014Webtech Wireless to Implement GPS Program at Port Metro Vancouver
Webtech Wireless Inc. said it has been selected by Port Metro Vancouver to implement a GPS program as part of the port’s three-year plan to improve the efficiency of its container truck sector.
June 3, 2014Diesel Dips Again, Down 0.7¢ to $3.918; Gasoline Climbs for Second Week
Diesel declined for the fifth consecutive week, dipping 0.7 cent to $3.918 a gallon, while gasoline rose for a second week, the Department of Energy said June 2.
June 3, 2014