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.
Economy Grew Modestly in May, Fed Says; Trucking Execs Cite Growth, Concerns
The U.S. economy improved at a “modest to moderate” pace” in late April and early May, with transportation services and manufacturing showing gains, the Federal Reserve said in a report.
June 5, 2013Teamsters, OOIDA Appeal Court’s Mexican Trucks Decision
The Teamsters union and the Owner-Operator Independent Drivers Association have asked a federal court to reconsider its April decision that upheld the government’s cross-border Mexican trucking plan, saying the decision conflicts with the law.
Factory Orders Rise 1% in April
Factory orders increased 1% in April, the Commerce Department reported Wednesday.
June 5, 2013Trucks to be Banned From More Left Lanes in Dallas
The Texas Department of Transportation plans to double the amount of roads banning trucks with three or more axles from the left lane in the Dallas-Fort Worth area, according to the Fort Worth Star-Telegram.
June 5, 2013Productivity Rises in First Quarter
U.S. workers’ productivity rose 0.5% in the first quarter, the Labor Department reported Wednesday.
June 5, 2013I-5 Bridge Cleanup Continues; Trucking Company May Be Liable for Damage
Workers are continuing to remove pieces of the downed Interstate 5 bridge north of Seattle as federal investigators probe the accident that caused it to collapse, and the trucking company that apparently caused the accident may have to pay for the damages, news services reported.
June 5, 2013Transportation Leaders Praise Sen. Lautenberg’s Legacy
Tributes poured in for New Jersey Sen. Frank Lautenberg (D), who until his death Monday at the age of 89 was a key policymaker in every aspect of transportation, from passenger and freight rail to highway safety and drunk-driving laws.
DOT Names Freight Advisory Committee Members
Transportation Secretary Ray LaHood announced the members of the National Freight Advisory Committee, a diverse group of transportation professionals that will provide advice and recommendations aimed at improving the national freight transportation system.
June 4, 2013FedEx Accelerates Aircraft Replacement, Boosts Dividend
FedEx Corp. said it is accelerating retirement of 86 aircraft, and the company will boost its dividend next month by a penny a share.
June 4, 2013Diesel Dips 1.1¢ to $3.869; Gasoline Flat
Diesel dipped for a second week, sliding 1.1 cents to $3.869 a gallon, while gasoline rose slightly to $3.646, the Department of Energy reported.
June 4, 2013