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.
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.
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.
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, 2015Intermodal 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, 2015Chamber 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.
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.
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.
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.
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.
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.