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, Logistics

Supreme Court Reverses Railroads' Appeals Court Win

The U.S. Supreme Court reversed a ruling that offered railroads the prospect of a multimillion-dollar victory in a dispute over the different fuel taxes the states impose on trains, trucks and cargo ships.

Greg Stohr | Bloomberg News
March 4, 2015
Government, Business, Safety

Sen. Cory Booker Looks to Undo Suspended HOS Rule 'As Soon As Possible'

WASHINGTON — New Jersey Democrat Cory Booker plans to restore a recently suspended hours-of-service rule under review by the Federal Motor Carrier Safety Administration, the senator told Transport Topics after a Senate hearing March 4.

Eugene Mulero | Senior Reporter
March 4, 2015
Government, Business

Economy Continues to Expand, But Truck Drivers Remain Scarce, Fed Says

The economy continued to expand across most of the country from early January to mid-February, but regions reported difficulty in filling openings for truck drivers, the Federal Reserve said.

March 4, 2015
Business, Logistics

Intermodal Rail Traffic Drops in February Due to Problems at West Coast Ports

Intermodal rail traffic declined 6.5% in February from the same month last year as problems at West Coast ports and bad weather impacted traffic, the Association of American Railroads said.

March 4, 2015
Government, Business

Chamber of Commerce Executives Press Congress On Transportation Bill

Two hundred fifty Chamber of Commerce executives from across the country wrote to Congress asking it to address the near insolvency of the Highway Trust Fund by passing a long-term transportation bill.

Michele Fuetsch | Staff Reporter
March 4, 2015
Government, Business, Safety, Technology

CBO Tracks Decline in Infrastructure Investment

Public spending on transportation and water infrastructure has gradually declined from a high of 3% of Gross Domestic Product in 1959 to 2.4% of GDP in 2014, according to a new report from the Congressional Budget Office.

Michele Fuetsch | Staff Reporter
March 4, 2015
Business

Volvo Sells $300 Million Stake in India’s Eicher Motors

Volvo Group sold 1.27 million shares in Indian auto and truck manufacturer Eicher Motors Ltd. for about $300 million.

Michael G. Malloy | Web Editor
March 4, 2015
Business, Government, Safety, Equipment, Technology, Autonomous

Ford Unveils Medium-Duty Trucks Updated With New Telematics System

INDIANAPOLIS — Ford Motor Co. introduced a redesigned lineup of medium-duty trucks here that includes dedicated tractor models in two weight classes, and an updated telematics suite.

Joe Howard | Executive Editor
March 4, 2015
Business

Chevrolet Debuts Chassis-Cab Midsize Truck

INDIANAPOLIS – Chevrolet introduced a commercial version of its Colorado midsize pickup here that is sold without a cargo box to give businesses the option of installing service bodies on the truck.

Joe Howard | Executive Editor
March 4, 2015
Business, Fuel

Odyne Debuts Plug-In Hybrid Fuel Tanker

INDIANAPOLIS — Odyne Systems showcased a fuel tanker truck equipped with a plug-in hybrid system at the Work Truck Show here and revealed the identity of a customer for the technology.

Joe Howard | Executive Editor
March 4, 2015