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.
TravelCenters of America to Purchase 31 Convenience Stores for $67 Million
TravelCenters of America said it will acquire from a private company 31 convenience stores with retail gasoline stations for $67 million.
November 15, 2013Wash. State Lawmakers Propose 11.5-Cent Fuel Tax Increase
Washington state Senate leaders have proposed boosting the state’s taxes on diesel and gasoline by 11.5 cents to pay for $12.3 billion in transportation projects, The Associated Press reported.
November 15, 2013Flatbed Carriers Boyd Bros., Daseke Inc. to Merge
Flatbed carriers Boyd Bros. Transportation and Daseke Inc. announced they intend to merge. Terms were not disclosed.
November 15, 2013XPO Buys Optima Service Solutions for $26.6 Million
XPO Logistics said Nov. 15 it has purchased Optima Service Solutions, a last-mile logistics services provider for retailers and manufacturers, for $26.6 million.
November 15, 2013Industrial Production Dips in October
Industrial production dipped 0.1% in October after a 0.7% increase the month before, the Federal Reserve reported Nov.15.
November 15, 2013Wholesale Inventories Rise in 0.4% September
Wholesale inventories rose 0.4% in September after a rise the prior month, the Commerce Department reported Nov. 15.
November 15, 20132012 U.S. Truck-Involved Fatalities Rose 3.7%, NHTSA Says
U.S. fatalities from accidents involving large trucks increased by 3.7% in 2012, rising to 3,921 from 3,781 people the year before, according to a Nov. 14 report from the National Highway Traffic Safety Administration.
House Panel Schedules Hearing on HOS Rule
Anne Ferro, head of the Federal Motor Carrier Safety Administration, will testify before a House hearing on the hours-of-service rule for truck drivers that went into effect in July.
Intermodal Rail Volume Rises for 19th Straight Week
Intermodal rail volume for the week ended Nov. 9 rose 6.3% from the same period last year, the 19th consecutive rise, the Association of American Railroads reported.
November 15, 2013DOT Freight Transportation Index Rises to All-Time High
The Department of Transportation’s freight transportation services index rose to an all-time high in September, climbing 4.3% from the same month last year, DOT said Nov. 14.
November 14, 2013