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, Technology

PennDOT Finds $50 Million in Savings Through Next Generation Initiative

The Pennsylvania Department of Transportation has identified more than $50 million in savings through its Next Generation initiative to modernize operations, Gov. Tom Corbett (R) said in a statement.

January 22, 2013

Daily Briefings from Transport Topics

Transport Topics has partnered with Spoken Layer to make one-minute daily briefings available on all your smart devices. Simply say “Alexa, play Transport Topics” or “Okay Google, talk to Transport Topics” to get the day’s biggest trucking headlines.

Business

Ohio, Kentucky May Consider Tolling I-75 Bridge

Transportation officials in Ohio and Kentucky expect to release a joint evaluation in March on financing options for a new bridge to replace the Interstate 75 bridge near Cincinnati that connects the two states across the Ohio River — including the possibility of adding tolls, KyPost.com reported.

January 22, 2013
Business, Logistics

Canadian National Reports Higher 4Q Profit

Canadian National Railway Co. reported a higher fourth-quarter profit from a year ago on higher freight volume.

January 22, 2013
Business, Fuel

Questar to Build CNG Facility in Houston for Swift, CFL Use

Questar Fueling announced it has agreed to build a compressed natural gas fueling facility in Houston for use by Swift Transportation and Central Freight Lines.

January 22, 2013
Business, Fuel

E&MU: DEF Storage and Testing Grows as Fleets Move to SCR Engines

CINCINNATI — As the amount of diesel exhaust fluid poured into U.S. and Canadian trucks continues to grow, laboratory chemists are working on how to test the liquid for purity, and vehicle operators are installing underground storage tanks for the added volume.

January 22, 2013
Business

Existing Home Sales Decline in December

Existing home sales slipped 1% in December but remained near a three-year high, the National Association of Realtors said Tuesday.

January 22, 2013
Business, Logistics

BNSF Sets $4 Billion Expansion for Oil, Intermodal Shipments

Berkshire Hathaway Inc. plans to increase capital spending at its BNSF Railway Co. by $4.1 billion this year as it prepares to handle rising oil shipments and expands its intermodal terminal capacity, Bloomberg News reported.

January 22, 2013
Business, Logistics

Kansas City Southern Reports Higher Operating Income for 4Q, Year

Kansas City Southern reported a smaller fourth-quarter profit but said its revenue rose 7%, boosted by strong intermodal volume.

January 22, 2013
Business, Fuel

Oil Holds Over $95 in Advance of DOE Survey

Oil held near a four-month high of more than $95 a barrel early Tuesday in advance of the Department of Energy’s weekly survey of filling station prices for diesel and gasoline, Bloomberg News reported.

January 22, 2013
Business

December Truck Sales Down, But Year Is Strongest Since 2006

U.S. Class 8 truck sales declined for a fourth straight month in December from the previous year, but 2012 still finished as the strongest year since 2006, WardsAuto.com reported.

January 21, 2013