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.
Foxx Hits Road to Promote Transportation Spending
Transportation Secretary Anthony Foxx warned that gridlock in Congress threatens critical infrastructure projects around Louisville, Ky., and Nashville, Tenn., two of the cities he visited this week on an eight-state bus tour.
Time Running Out for Highway Trust Fund, DOT Warns
The Department of Transportation warned April 15 that the federal Highway Trust Fund will encounter a shortfall by August, putting at risk the ability for states to pay for key highway maintenance projects.
Marten’s 1Q Income Declines
Truckload carrier Marten Transport’s first-quarter net income declined to $5.3 million, or 16 cents per share, from $7.2 million, or 22 cents, a year ago.
April 15, 2014Washington Mudslide Buried Critical Timber Truck Route
Washington state transportation officials last week began a series of meetings on how to recover or replace the highway lost in the massive March 22 mudslide in Oso that killed 36 people and left seven missing.
Independent Contractor Bill Reintroduced in N.J.
A bill opposed by the trucking industry to classify independent drayage operators and parcel delivery drivers as company employees has been reintroduced in the New Jersey Legislature.
Rand McNally Releases HOS and Navigation Updates
Truck technology supplier Rand McNally said it has released updated mapping and additional hours-of-service features for its in-cab navigation and fleet management devices.
TIA Issues Fraud Task Force Report
TUCSON, Ariz. — The Transportation Intermediaries Association said it has taken a step to reduce fraud and theft-related losses for brokers by issuing a task force report.
Md. Gov. O’Malley Signs ‘Jake’s Law,’ Boosting Penalty for Distracted Driving
Maryland Gov. Martin O’Malley (D) signed into law a measure that increases the penalty for drivers who cause injury or death to others in a crash caused by distracted driving.
Diesel Average Dips 0.7¢ to $3.952; Gasoline Continues to Rise With 5.5¢ Gain
Diesel’s national average retail price dipped 0.7¢ to $3.952 a gallon, its fifth straight decline, while gasoline rose for the 10th straight week, the Department of Energy reported.
April 15, 2014Rocque Dameo, President of Dameo Trucking, Dies at 78
Rocque Dameo, president of New Jersey-based Dameo Trucking, died April 11. He was 78.
April 15, 2014