Business

About Business News...

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.

Government, Business

House Kicks Off Consideration of Transportation Funding Bill

The U.S. House on June 3 commenced its consideration of a fiscal 2016 transportation funding bill that would propose requirements for a study on an hours-of-service rule for truckers and allow changes to policies related to trailers.

Eugene Mulero | Senior Reporter
June 1, 2015

TT Podcasts: RoadSigns

Volvo's Chayene de Souza and Magnus Gustafson discuss how new, connected trucks can boost business, enhance safety practices, and reinforce preventative maintenance plans.

Government, Business

White House Threatens to Veto Transportation Funding Bill; Opposes Restart, Size and Weight Provisions

The White House on June 1 announced that it would veto a fiscal 2016 transportation funding bill, citing concerns over its funding levels and objections over several trucking provisions

Eugene Mulero | Senior Reporter
June 1, 2015
Business

Pacific Maritime Association Says Oakland Disruptions Violate Contract

The Pacific Maritime Association, management negotiators in this year’s West Coast labor negotiations, said operations still are being disrupted at the Port of Oakland, California, despite the ratification of a five-year contract 10 days ago.

June 1, 2015
Business

Tracy Morgan Video: Wal-Mart Has 'Stepped Up'

In his first extensive interview in almost a year, actor-comedian Tracy Morgan told host Matt Lauer and NBC's "TODAY" show audience June 1 that Wal-Mart has "stepped up to the plate in a tremendous way" in apologizing for causing the accident on the New Jersey Turnpike last June that killed one of Morgan's colleagues and left Morgan in a coma.

June 1, 2015
Government, Business, Safety

Dept. of Health and Human Services Seeks Information on Hair Testing

A division of the Department of Health and Human Services has published a request for a variety of information from the public and transportation industry stakeholders on the potential of use of hair specimens for drug testing.

Eric Miller | Senior Reporter
June 1, 2015
Government, Business

President Obama Signs Two-Month Highway Funding Extension Into Law

The two-month extension of highway funding has been signed into law, providing for infrastructure funding through July.    

June 1, 2015
Business

Amazon Is Looking for the Perfect Warehouse Worker

Amazon.com Inc.’s inaugural “Amazon Picking Challenge” inspired mechanical engineering and computer science students from around the world to design robots that can grab boxes of Oreo cookies and pencils from warehouse shelves and place them in bins, tasks ordinarily done by people.

June 1, 2015
Business, Logistics

XPO Plans Note Sale Linked to Acquisitions

XPO Logistics Inc. will sell $2 billion in notes to provide the balance of the financing for its planned acquisitions of French logistics company Norbert Dentressangle SA and drayage carrier Bridge Terminal Transport Services Inc.

June 1, 2015
Business, Equipment

Parts Supplier Dex Opens Facility in North Carolina

Dex Heavy Duty Parts, a Volvo Group subsidiary that supplies recycled, renovated and surplus truck parts, has opened a facility in Advance, North Carolina.

June 1, 2015
Business

GE Capital Launches Trucking Fuel-Card Program With WEX

GE Capital Transportation Finance announced June 1 it has launched a fuel-card services program designed for over-the-road trucking companies.

Michael G. Malloy | Web Editor
June 1, 2015