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

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.

Eugene Mulero | Senior Reporter
June 3, 2014
Business

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.

Eric Miller | Senior Reporter
June 3, 2014
Business

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, 2014
Business

Washington 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.

Michele Fuetsch | Staff Reporter
June 3, 2014
Business

Factory Orders Rise for Third Consecutive Month in April

Factory orders increased for a third consecutive month, rising 0.7% in April, the Commerce Department reported June 3.

June 3, 2014
Business

TMC Releases Recommended Practices Manual

American Trucking Associations’ Technology & Maintenance Council has published its 2014-2015 Recommended Practices Manual.

June 3, 2014
Business

Roadcheck 2014 Begins Today

About 10,000 federal, state, provincial and local truck and bus inspectors are fanning out across thousands of locations in North America today through Thursday for the annual “Roadcheck” inspections on commercial vehicles.

June 3, 2014
Business, Technology

Webtech Wireless to Implement GPS Program at Port Metro Vancouver

Webtech Wireless Inc. said it has been selected by Port Metro Vancouver to implement a GPS program as part of the port’s three-year plan to improve the efficiency of its container truck sector.

June 3, 2014
Business, Fuel

Diesel Dips Again, Down 0.7¢ to $3.918; Gasoline Climbs for Second Week

Diesel declined for the fifth consecutive week, dipping 0.7 cent to $3.918 a gallon, while gasoline rose for a second week, the Department of Energy said June 2.

June 3, 2014
Business

TransForce to Buy Transport America

Canadian firm TransForce Inc. agreed to buy Transport America Inc. for $310 million to enter the U.S. truckload sector as a trend of mergers between major carriers resumes.

Rip Watson | Special to Transport Topics
June 2, 2014