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.
Intermodal Rail Traffic Rises to Second-Highest Level This Year
U.S. rail intermodal traffic rose to the second-highest level this year for the week ended June 6, the Association of American Railroads reported.
June 10, 2015Truck Toll Excluded from Rhode Island's Budget, For Now
The Rhode Island General Assembly might postpone consideration of the governor’s controversial "RhodeWorks" road and bridge plan, which includes truck tolls on bridges, until later this year, the press secretary for state Senate President Teresa Paiva Weed said June 10.
C.R. England Granted Exemption From New Driver Rule
Federal regulators have granted refrigerated carrier C.R. England Inc. a two-year exemption from a new requirement that truck drivers with learning permits who have passed their commercial driver license skills test be accompanied by an experienced “on-duty” driver-trainer for the drive home to pick up their CDL.
Kalmar Delivers 60,000th Tractor, Rolls Out T2 Model That’s in Production
OTTAWA, Kansas — Kalmar Ottawa delivered its 60,000th Ottawa terminal tractor last week to longtime customer Averitt Express in Cookeville, Tennessee, following a media presentation of its new Ottawa T2 model, now in full production at the company’s 300-employee factory here.
Trinity Industries Must Pay $663 Million in Guardrail Defect Case
Trinity Industries Inc., maker of a highway guardrail safety system tied to at least nine deaths, must pay $663 million for defrauding the U.S. government.
US Oil Production to Peak at 43-Year High Before Trailing Off
U.S. oil output will peak at a 43-year high in 2015 as producers work through a backlog of uncompleted wells before trailing off in the second half of the year.
House OKs Transportation Bill With 33-Foot Trailer, HOS Provisions
The House on June 9 approved spending legislation with key trucking provisions, including one that would permit twin 33-foot trailers on U.S. highways. The Transportation, Housing and Urban Development appropriations bill now goes to the Senate.
FedEx Corp. Raises Dividend by 25% to 25¢ Per Share
FedEx Corp. announced a 25% increase in its dividend to 25 cents per share.
June 9, 2015DOE Holds 2015 Diesel-Price Forecast at $2.88
The Department of Energy held its 2015 forecast for U.S. diesel prices at $2.88 a gallon but lowered its 2016 projection by 9 cents to $3.03.
Radiant Logistics Announces Two Acquisitions, Boosts Fiscal 2016 Guidance
Radiant Logistics has acquired a pair of transportation firms, New York-based Service By Air Inc. and Kentucky-based Highways and Skyways Inc.