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.
Tracy Morgan, Wal-Mart Settle Lawsuit Over Jersey Crash
Tracy Morgan and Wal-Mart Stores Inc. settled the actor-comedian’s lawsuit over a New Jersey Turnpike crash that had left him in a coma for days and killed another comedian.
May 28, 2015Daily Briefings from Transport Topics
Transport Topics has partnered with Spoken Layer to make one-minute daily briefings available on all your smart devices. Simply say “Alexa, play Transport Topics” or “Okay Google, talk to Transport Topics” to get the day’s biggest trucking headlines.
Crude Oil Price Falls Amid Ample US Supply, Output Gain
The price of oil fell in New York on May 27 on ample U.S. crude stockpiles as output surged to a record.
Nafta Trade Drops, But Truck Freight Rises
U.S. trade with Canada and Mexico fell in in March from a year ago to $96.1 billion, but three of five transportation modes — trucks, railroads and air — rose year-over-year, the Department of Transportation reported.
House Lawmaker’s Bill Would Add $15 Billion Annually to Highway Trust Fund
Rep. Bruce Westerman (R-Ark.) introduced legislation this month that he said would add up to $15 billion a year to the Highway Trust Fund over the next decade through changes to the Medicaid expansion match rates established under President Obama’s signature health-care law.
Accuride to Supply Daimler Trucks With Gunite Brake Drums
Component maker Accuride Corp. signed a multiyear agreement with Daimler Trucks North America to supply its cast-and-machined Gunite brake drums to Daimler’s aftermarket parts group.
GE Capital Canada Signs Agreement With Shell to Boost LNG Use in Trucking
GE Capital Canada said it has signed an agreement with Shell Canada Products to facilitate the trucking industry’s adoption of liquefied natural gas in that country.
Pending Sales of Existing Homes Increase 3.4% in April
More Americans than forecast signed contracts to purchase previously owned homes in April, indicating a pickup in the housing market during the busy spring selling period.
Jobless Claims Hold Below 300,000 for 12th Week
Applications for U.S. jobless benefits remained below 300,000 for the 12th straight week, signaling the labor market remains firm even as the economy has been slow to rebound from a first-quarter slump.
May 28, 2015Sen. Tom Carper: ‘Devolution’ Would Hinder National Transportation Network
WASHINGTON — As Senate transportation authorizers prepare to consider a six-year measure next month, Sen. Tom Carper (D-Del.) said efforts that would limit the federal government’s involvement in large-scale infrastructure projects would hurt the country’s intricate freight network.
Intermodal Rail Traffic Rises as Carloads Drop for Fifth Week
U.S. rail intermodal traffic rose 4.3% in the week ended May 23 compared with the same week last year as carload volume declined for the fifth consecutive week, the Association of American Railroads reported.
May 27, 2015