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, 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
Business

Caterpillar Adds CT680 Model to its Line of Vocational Trucks

Caterpillar has expanded its line of Class 8 vocational trucks with its new CT680 model, a set-forward-axle truck designed for heavy applications and tough conditions.

Seth Clevenger | Managing Editor, Features and Multimedia
May 19, 2015
Business, Fuel

Diesel Price Rises for Fifth Week, Gaining 2.6¢ to $2.904

Diesel’s national average price rose for a fifth consecutive week, climbing 2.6 cents to $2.904 a gallon, the Department of Energy reported May 18.

Michael G. Malloy | Web Editor
May 18, 2015
Business, Fuel

Wright Transportation Claims it Was 'Fraudulently Induced' in Diesel-Fuel Deal With Pilot

An Alabama motor carrier who sued Pilot Flying J in connection with a diesel-fuel rebate scam has added a claim that it was “fraudulently induced” into believing it was being given “retail-minus” or “cost-plus” prices for diesel it purchased.

Eric Miller | Senior Reporter
May 18, 2015
Government, Business

Video: Janet Kavinoky of U.S. Chamber of Commerce on Infrastructure Concerns

Janet Kavinoky, executive director of transportation and infrastructure at the U.S. Chamber of Commerce, tells TT how her members are impacted by the nation's infrastructure shortcomings.

May 18, 2015