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.
Michigan Transport Plan to Swap Per-Gallon Fuel Levy With Wholesale Tax
Michigan lawmakers last week continued to wrestle with a transportation funding plan that would replace the state’s per-gallon tax on gasoline and diesel with a wholesale sales tax on fuel.
ATA Conducting Driver-Pay Survey
American Trucking Associations is conducting a driver-compensation study to provide accurate information on one of the industry’s largest expenses: driver pay and benefits.
May 23, 2014Sales of New Homes Increased 6.4% in April to 433,000 Pace
Sales of new homes rose 6.4% in April to a 433,000 annualized pace from a revised 407,000 in March that was larger than initially estimated, the Commerce Department reported.
May 23, 2014S.C. Ports Post Busiest Month Since 2008
April container volumes set a six-year record at the Port of Charleston, marking the busiest month since May 2008, the South Carolina Ports Authority said May 22.
May 23, 2014Intermodal Rail Traffic Rises 6.8% for Week
U.S. rail intermodal traffic increased 6.8% in the week ended May 17 compared with the same week last year, the Association of American Railroads reported.
May 23, 2014Holiday Weekend Driving to Rise Slightly, AAA Says
The number of Americans driving during Memorial Day weekend will rise slightly, according to AAA.
May 23, 2014Congress Sends White House Bill To Boost Ports
The Senate on May 22 easily passed a long-awaited water policy bill that would allow dredging at ports around the country ahead of the widening of the Panama Canal.
DTNA Unveils New Detroit-Branded Powertrain
DETROIT — Daimler Trucks North America unveiled here a new Detroit-branded powertrain package, leveraging greater integration and a series of new technologies to offer what the company called its most fuel-efficient package yet.
Volvo to Build Parts Distribution Center in Mississippi
Volvo Group said it is building a 1 million-square-foot parts distribution center in Byhalia, Mississippi, the Associated Press reported.
May 22, 2014Sales of Existing Homes Rise for First Time in Four Months
Sales of previously owned homes rose in April for the first time in four months as the weather warmed, price increases slowed and more properties were put on the market.
May 22, 2014