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.
Texas House Approves $1 Billion Transportation Funding Bill
The Texas House early Monday approved almost $1 billion in funding for major transportation projects statewide, the Associated Press reported.
June 24, 2013FedEx Buys 1,900 Fuel-Efficient Lightweight Vans
FedEx Express said Monday it has purchased 1,900 lightweight, composite-body Reach vehicles from Spartan Motors, a division of Utilimaster.
June 24, 2013Gasoline Slips 4.1¢ to $3.60 a Gallon, Lundberg Reports
Gasoline fell 4.1 cents in the past two weeks to $3.60 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
June 24, 2013May Truck Tonnage Sets Record
U.S. truck tonnage set an all-time record last month as it increased 6.7% above last May’s level, driven by improved housing, energy and automotive demand, American Trucking Associations reported last week.
June 24, 2013DOT Making Progress on National Freight Plan
UNCASVILLE, Conn. — A U.S. Department of Transportation official said although progress has been made toward developing a national freight plan, finding funding remains a hurdle.
June 24, 2013Moniz Says U.S. Will Speed Development of Natural Gas Fueling Infrastructure
WASHINGTON — U.S. Secretary of Energy Ernest Moniz called natural gas a promising alternative to oil for a number of reasons and said the department hopes to play a role in speeding development of fueling infrastructure.
June 24, 2013Fleets Make Last-Ditch Hill Effort to Delay July 1 HOS Changes
WASHINGTON — Trucking industry officials made a last-ditch plea to Congress to stop implementation of changes to the hours-of-service rule scheduled to take effect July 1 until the Federal Motor Carrier Safety Administration shows those would improve highway safety.
June 24, 2013Oversize-Load Permit for I-5 Bridge Didn’t Guarantee Height Clearances
Hours before the oversize load being carried on a flatbed truck hit a bridge truss on Interstate 5 in Washington state and caused part of the bridge to collapse May 23, Mullen Trucking received a permit to haul the 15-foot, 9-inch tall load, according to investigators.
June 24, 2013Trucking Shares Rebound, Outgain Market Index
Trucking stocks have risen more than 20% so far this year, generally outperforming the overall market and re-bounding from a downturn in the second half of 2012, when truckers lagged behind.
June 24, 2013Letter: One-Stop Shop
Local permits: Perhaps no two words in the world of oversize/overweight permitting cause more consternation to carriers and local officials.
June 24, 2013