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.
McLeod Reports 65% Sales Growth in 2014
McLeod Software Inc. said its 2014 sales revenue jumped 65% from the previous year to a record level for the company.
January 22, 2015DeFazio Blasts DOT Over Failure to Finalize Tank Car Rule, Calls for PHMSA Audit
Rep. Peter DeFazio (Ore.), ranking Democrat on the House Transportation and Infrastructure Committee, blasted the Department of Transportation for what he called repeated failures to address “longstanding and undisputed” pipeline and hazardous materials safety issues, including oil train safety.
House Transportation Leader: ‘Don’t Believe the Votes Are There’ For Gas Tax Increase
WASHINGTON — Rep. Bill Shuster (R-Pa.), chairman of the transportation policy committee in the House, said there is not enough congressional support to approve an increase of fuel taxes to pay for infrastructure projects vital to the trucking industry.
Jan. 22 Roundup: J.B. Hunt, Covenant Post Higher 4Q Earnings
J.B. Hunt Transport Services and Covenant Transportation Group reported stronger fourth-quarter profits, providing a positive early look at quarterly financial results for large, publicly traded trucking companies.
January 22, 2015Penske Used Trucks Doubles Dealer Locations
Penske Used Trucks said it has doubled its commercial truck dealerships in North America with new locations in Dallas; Conyers, Georgia, in the metro Atlanta area; and in Mississauga, Ontario.
January 22, 2015S.C. Port Container Volume Rises 12% in 2014
The South Carolina Ports Authority said container volume increased 12% in 2014 as it moves forward on a harbor-deepening project.
January 22, 2015Jobless Claims Decline by 10,000 for Week
Jobless claims decreased by 10,000 to 307,000 in the week ended Jan. 17, from a revised 317,000 in the prior period, a Labor Department report showed.
DeFazio Names Ranking Dems For T&I Subcommittees
Rep. Peter DeFazio of Oregon, the ranking Democrat on the House Committee on Transportation and Infrastructure, has announced which T&I Democrats will be the ranking members on the subcommittees.
IANA Says Preliminary Totals Show 4.8% Intermodal Volume Increase
The Intermodal Association of North America said preliminary 2014 totals showed a record 16.3 million truck-rail shipments handled, a 4.8% increase over the previous mark set in 2013.
January 21, 2015FedEx Defeats Teamsters at Two W.Va. Terminals
FedEx Freight said drivers at West Virginia terminals in Charleston and Parkersburg rejected Teamsters representation, marking the union's latest defeats in the ongoing organizing battle.
January 21, 2015