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.
Worker Productivity Declined in First Quarter
U.S. workers’ productivity declined in the first quarter at a higher rate than previously estimated to the weakest showing since start of the recession in 2008, the Labor Department reported.
June 4, 2014Best Carrier TMS Software in 2024: How to Choose
Transitioning from basic load board tools or spreadsheets to an advanced, integrated Transportation Management System (TMS) is a critical step for mid-sized truckload carriers aiming to scale effectively and sustain long-term competitiveness.
Trade Gap Widest in Two Years
The trade deficit ballooned in April to the widest in two years as Americans bought record amounts of consumer goods, business equipment and automobiles from abroad.
June 4, 2014Hino Partners with Telogis in Telematics Deal
Medium-duty truck maker Hino Trucks has partnered with technology supplier Telogis to provide its next-generation telematics platform.
June 4, 2014Ferro Tells Senate Panel HOS Rules are Working
Federal Motor Carrier Safety Administrator Anne Ferro told a Senate panel that the agency knew its new hours-of-service rules would affect trucking’s productivity but that data is expected to show the HOS rules are increasing safety.
Transportation Programs Need Long-Term Funding, Says DOT’s Mendez
ARLINGTON, Va. — Acting Deputy Transportation Secretary Victor Mendez on June 3 cautioned Congress against approving a short-term legislative fix to address looming shortfalls in highway funding this summer, urging it to approve a long-term “strategic” plan instead.
Sen. Collins to Call for Changes to HOS Rule at Hearing Today
Sen. Susan Collins (R-Maine) is expected to offer an amendment today to a fiscal 2015 transportation funding bill that would address what her staff said are the unintended consequences of a federal truck safety rule that is opposed by much of the industry.
Senate Subcommittee Approves $54.4 Billion Transportation, Housing Spending Bill
Senate appropriators on June 3 easily approved a $54.4 billion spending bill that would fund transportation and housing programs in fiscal 2015, and boost funding for a popular infrastructure grant program.
I-495 Bridge in Delaware Closes After Failing Inspection
An Interstate 495 bridge in Wilmington, Delaware, has been closed indefinitely after inspectors discovered that four of the 37 support columns are tilted as much as 4% out of vertical alignment, the Delaware Department of Transportation said.
Element to Buy PHH Arval for $1.4 Billion
Element Financial Corp. said it has agreed to acquire PHH Arval, the North American fleet management services business of PHH Corp.
June 3, 2014Washington Timber Truck Route Reopened
Washington has reopened one lane of a main timber industry highway buried by the March landslide that left 41 people dead and two missing in the community of Oso northeast of Everett.