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.

Government, Business

House GOP Leader McCarthy Opposes Gas Tax Increase

Incoming House Majority Leader Kevin McCarthy (R-Calif.) said on June 22 he wouldn’t support increasing the federal tax as a legislative solution for shoring up a federal highway account that funds highway programs at the state level.

Eugene Mulero | Senior Reporter
June 23, 2014
Business, Equipment

Cummins’ Charlton to Retire, Rumsey Takes New Post

Cummins Inc. said Vice President and Chief Technical Officer Steve Charlton is retiring on July 1 and is being succeeded by Jennifer Rumsey as vice president of engineering in the company’s engine unit.

June 23, 2014
Business, Fuel

Gasoline Rises to $3.71 a Gallon in Lundberg Survey

The average price for regular gasoline at U.S. pumps climbed 1.87 cents in the past two weeks to $3.71 a gallon, according to Lundberg Survey Inc.

June 23, 2014
Business

Sales of Existing Homes Climbed in May

Purchases of previously owned U.S. homes rose more than projected in May, a sign the industry is stabilizing after a weather-depressed quarter.

June 23, 2014
Business

Hendrickson to Acquire Austrian Components Business

Truck component-maker Hendrickson said it plans to acquire the leaf spring and stabilizer segments of the Austrian Frauenthal Group, along with a number of its subsidiaries in Europe.

June 23, 2014
Business, Technology

Rugged Handheld Provider Launches New Device

Rugged handheld provider Two Technologies has launched a new mobile device aimed at the over-the-road trucking market.

June 23, 2014
Business

Tonnage Rises 3.4% in May

Truck tonnage rose 3.4% last month, driven by broad-based growth in all sectors of the trucking industry and an improving economy overall, American Trucking Associations reported.

June 23, 2014
Perspective, Business

Opinion: Trucking Industry’s Culture of Safety

Within all segments of the trucking industry, safety is always a priority. Two recent incidents — an extremely offensive ad from a personal injury law firm depicting a Class 8 tractor with the words “Serial Killer” at the top and a tragic accident involving comedian Tracy Morgan — have generated outside attention to perceived lack of safety in the industry.

June 23, 2014
Editorial, Business

Editorial: Funding Glimmer on the Horizon

We in the news business have long appreciated the value of deadlines, and now the nation may be on the cusp of reaping a substantial benefit because even members of Congress have not been able to bulletproof themselves against time — not that they haven’t tried.

June 23, 2014
Business

States Slow Highway Projects as US Funding Crisis Looms

State transportation officials said they are pulling construction projects from monthly bidding advertisements and drawing up contingency plans in case there’s a shut-off of federal highway money this summer.

June 23, 2014