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, Government, Autonomous

Truck Toll Discounts to End Early on Texas Highway

Discounts for truckers on a well-known Texas toll road, State Highway 130, are ending Dec. 1, earlier than planned.

Michele Fuetsch | Staff Reporter
November 22, 2013
Government, Business, Safety, Technology, Equipment

Pa. Legislators Approve $2.4 Bln. Road Plan

Pennsylvania state lawmakers gave final approval Nov. 21 to a transportation spending bill that will raise $2.4 billion more annually for the state’s roads, bridges and transit systems.

Scott Gutierrez | Staff Reporter
November 22, 2013
Government, Business, Safety

Senators Propose Infrastructure Bank Measure

A bipartisan group of U.S. senators led by Sen. Mark Warner (D-Va.) introduced legislation to create a $10 billion infrastructure bank that would use loans and loan guarantees to encourage private investment in transportation projects.

November 22, 2013
Business

Pilot Seeks Court Approval of $72 Mln. Rebate-Fraud Settlement

Attorneys representing Pilot Flying J and an estimated class of 5,500 truckers alleged to have been fraudulently shortchanged diesel fuel rebates will return to federal court in Little Rock, Ark., on Nov. 25, seeking final approval of a $72 million class-action settlement.

Eric Miller | Senior Reporter
November 22, 2013
Business

UPS to Raise Rates 4.9%

UPS Inc. said it will raise its rates on average 4.9% for package and airfreight delivery, effective Dec. 30.

November 22, 2013
Business, Logistics

Intermodal Rail Volume Rises for Week

Intermodal rail volume for the week ended Nov. 16 rose 7% from the same period last year, the 20th consecutive rise, the Association of American Railroads reported.

November 22, 2013
Business, Logistics

Schneider Upgrades Mexico Intermodal Service

Schneider National Inc. is enhancing intermodal service to and from Mexico, Senior Vice President Jim Filter told Transport Topics.

Rip Watson | Special to Transport Topics
November 21, 2013
Government, Business

Ferro, House Republicans Spar Over HOS Restart Restrictions

Republican House members and FMCSA Administrator Anne Ferro sparred over the 34-hour restart provision of the new hours-of-service rule for truck drivers at a House of Representatives subcommittee hearing.

Jonathan S. Reiskin | Associate News Editor
November 21, 2013
Government, Business

Infrastructure Funding Headed for ‘Fiscal Cliff,’ Transportation Official Warns

WASHINGTON — The federal government’s main source of transportation funding is headed for its own “fiscal cliff” unless Congress acts to pay for infrastructure needs that are critical to the economy, a transportation official said Nov. 21 during an American Highway Users Alliance conference.

November 21, 2013
Business

Manufacturing Activity in Philadelphia Area Cools

Manufacturing activity in the Philadelphia Region expanded at a slower pace in November, the Federal Reserve Bank of Philadelphia said Nov. 21.

November 21, 2013