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.
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.
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.
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.
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.
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, 2015Guardrail 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, 2015Caterpillar 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.
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.
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.
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