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, Safety

Va. Gov. McAuliffe Says Congressional Inaction Imperils Road Projects

ARLINGTON, Va. — Virginia’s governor said his state will soon have to begin shutting down transportation improvement projects if Congress does not fund and reauthorize the federal Highway Trust Fund before the end of this month.

Jonathan S. Reiskin | Associate News Editor
May 12, 2015

Best Carrier TMS Software in 2024: How to Choose

Transitioning from basic load board tools or spreadsheets to an advanced, integrated Transportation Management System (TMS) is a critical step for mid-sized truckload carriers aiming to scale effectively and sustain long-term competitiveness.

Government, Business, Safety

Sen. Fischer Proposes Infrastructure Bank Legislation

With less than two weeks before funding authority for transportation projects expires, Sen. Deb Fischer (R-Neb.) on May 12 introduced legislation that would establish an infrastructure bank.

May 12, 2015
Business, Technology

Replay: LiveOnWeb Tackles Highway Funding Issue

Watch the replay: With the clock ticking for Congress to come up with a road funding plan, LiveOnWeb penetrates to the heart of the matter: How do we overcome this perpetual highway funding roadblock?

May 12, 2015
Business

Trucking Tops $700 Billion Revenue Mark

Trucking industry revenue set a record last year, reaching $700.4 billion, American Trucking Associations reported.

May 12, 2015
Business, Fuel

DOE Boosts 2015 Diesel-Price Forecast But Lowers 2016 Outlook

The Department of Energy bumped its forecast for 2015 diesel prices up by 2 cents to $2.88 a gallon, but lowered its 2016 forecast by 12 cents.

Michael G. Malloy | Web Editor
May 12, 2015
Business, Logistics

American Society of Transportation and Logistics, APICS to Merge

The American Society of Transportation and Logistics and APICS, an association representing supply chain and operations management professionals, have agreed to merge.

May 12, 2015
Government, Business

Policymakers, Financiers Agree on Infrastructure Crisis, but Not on Funding Mechanisms

WASHINGTON — Policymakers and Wall Street veterans made pleas May 11 for greater investment in the nation’s infrastructure but acknowledged the stumbling block is still the same — how to pay for it.

Michele Fuetsch | Staff Reporter
May 11, 2015
Government, Business

P3s See Federal Inaction as Elevating Their Importance

WASHINGTON — The biggest challenges facing infrastructure public-private partnership proposals are in persuading public officials and taxpayers to accept some level of financial and possibly environmental risk, and in convincing public employees they won’t lose their jobs, a panel of P3 supporters said at a May 11 “Infrastructure Week” event.

Eric Miller | Senior Reporter
May 11, 2015
Business, Fuel

Diesel Average Rises 2.4¢ to $2.878 a Gallon in Fourth Straight Increase

Diesel’s national average price rose for the fourth straight week, climbing 2.4 cents to $2.878 a gallon, the Department of Energy reported May 11.

Michael G. Malloy | Web Editor
May 11, 2015
Government, Business, Safety

Top T&I Dems Request Hearing on Long-Term Highway Bill

The top two Democrats on the House Transportation and Infrastructure Committee are pressing the panel’s chairman and the chamber’s top tax policy authorizer to schedule a joint hearing very soon that focuses on a long-term highway bill.

Eugene Mulero | Senior Reporter
May 11, 2015