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.
DOT Agencies May Revive Truck Survey, Launch New Study Into Causes of Crashes
Federal government officials said they may revive the Vehicle Inventory and Use Survey and also undertake a new study of the causes of truck crashes.
March 3, 2014Coalition Aims to Help Truckers Find Parking Along Interstate 81
Truck dispatchers and drivers running on one of the nation’s busiest freight routes, Interstate 81, may soon be able to use their smart phones to get details on where there’s a parking space or even an accident ahead.
March 3, 2014Obama Unveils Transport Plan
WASHINGTON — President Obama said he will send a $302 billion, four-year transportation spending plan to Congress as part of his fiscal 2015 budget, telling a Minnesota audience that infrastructure work will provide jobs now and enable economic growth later.
March 3, 2014VW Hires Renschler to Run Truck Unit; Bids $9.2 Bln. for Remainder of Scania
Volkswagen AG appears to be setting itself up as a major player in the world truck market after announcing that it has made an offer to buy the remainder of Swedish truck maker Scania AB for $9.2 billion and has hired Andreas Renschler to oversee global truck operations.
March 3, 2014Diesel Average Tops $4 After Fifth Straight Gain
The U.S. diesel average pushed past the $4 level for the first time in almost a year, gaining 2.8 cents to $4.017 a gallon, the Department of Energy reported Feb. 24.
March 3, 2014Businesses Launch Group to Oppose Interstate Highway Tolls
A group of business interests have formed the Alliance for Toll-Free Interstates to advocate against proposals to add tolls to existing interstate highways.
February 28, 2014DEF Prices Rise in February
Bulk prices for diesel exhaust fluid in the United States rose in February for the second consecutive month, Integer Research reported.
February 28, 2014Intermodal Rail Volume Rises 6.4% for Week
U.S. rail intermodal traffic increased 6.4% in the week ended Feb. 22 compared with the same week last year, the Association of American Railroads reported.
February 28, 2014Canadian Carriers Report Mixed Earnings
Canadian transportation firm TransForce Inc. said its income dropped in the fourth quarter, which was mostly attributed due to bad weather, and Contrans Group reported its earnings increased in 2014.
February 28, 2014YRC Worldwide Posts Profit in 4Q
YRC Worldwide Inc. reported fourth-quarter net income of $400,000, compared with a $35.3 million loss in the prior year period, helped by an income tax benefit.