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.

Business, Fuel

Natural Gas for Heavy-Duty Trucks Could Increase Global Warming, New Report Says

A switch to cleaner-burning natural gas as a fuel for heavy-duty trucks could increase global warming due to the release of methane at drilling sites and the fact that natural gas-powered engines get fewer miles per gallon than traditional diesel-powered engines, according to a report issued May 19 by the Environmental Defense Fund.

May 19, 2015
Government, Business, Safety

Rep. Peter DeFazio Introduces Grow America Act

Rep. Peter DeFazio (D-Ore.), the chamber’s top Democrat on the transportation policy panel, introduced President Obama’s transportation plan as legislation on the same day the House voted on a two-month funding patch for highway programs.

Eugene Mulero | Senior Reporter
May 19, 2015
Government, Business

House to Vote on Two-Month Highway Fund Patch

The House is considering legislation that would extend funding authority for highway programs through July.

Eugene Mulero | Senior Reporter
May 19, 2015
Business

Rocky the Truck is Alive and Tweeting! Look Back at the Live Chat

You’ve seen him in Transport Topics cartoons for years, and now, Rocky The Truck has come to life! Rocky has created his own Twitter account, @RockyTheTruck. Rocky introduced himself May 19 via a live chat; see what Rocky had to say.

May 19, 2015
Business, Autonomous

Driverless Trucks Installed at California Ports to Boost Efficiency

The Port of Los Angeles recently put an automated terminal into service, and along with the adjacent Port of Long Beach is spending $3.7 billion to boost capacity and unravel bottlenecks that strand ships in the bay and idle trucks on land.

May 19, 2015
Business

Volvo Execs Share Concerns Over Expected GHG Proposal

NEWPORT, R.I. — Göran Nyberg, president of Volvo Trucks in North America, said there is one key element the federal government should remember as it finalizes its new greenhouse-gas emissions rule proposal for heavy-duty trucks.

Neil Abt | Editorial Director
May 19, 2015
Government, Business

Proposed Rule for Heavy-Truck Speed Limiter Sent to OMB

A proposed rule to require the installation and use of speed-limiting devices on heavy trucks has been sent to the White House Office of Management and Budget for review.

Eric Miller | Senior Reporter
May 19, 2015
Business, Fuel

Oil Has Lowest Share of US Transportation Since Era of Steam Trains

Oil has the lowest share of the U.S. transportation fuel market since the 1950s, when steam trains remained a common sight on American railroads.

Javier Blas | Bloomberg News
May 19, 2015
Business

Housing Starts Jump to Seven-Year High, Permits Rise

New residential construction in the United States surged in April to the highest level in more than seven years, indicating the industry regained its footing after the soft patch at the beginning of the year.

May 19, 2015
Government, Business, Logistics

Guardrail Review Revamped by Federal Highway Administration

The Federal Highway Administration tightened its review process for highway guardrails and other roadside devices, making the first major changes since questions about the safety of a Trinity Industries Inc. system emerged in 2012.

May 19, 2015