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, Logistics

CP Rail Strike Ends as Company Reaches Deal With Teamsters

Canadian Pacific Railway Ltd. reached a tentative four-year deal with the Teamsters Canada Rail Conference, ending a strike that began late May 29.

Frederic Tomesco | Bloomberg News
May 30, 2018
Government, Business, Technology, Equipment, Logistics, TCA

Colorado Set to Be First State to Test ‘Smart Pavement’

Tim Sylvester, CEO of Kansas City, Mo.-based Integrated Roadways, thinks his startup company’s “smart pavement” — bristling with sensors and the latest fiber-optic and wireless technology — could be a lifesaver in mishaps.

John Aguilar | The Denver Post
May 30, 2018
Business, Logistics

Truck Explosion Damages UPS Freight Hub in Kentucky

LEXINGTON, Ky. — A Kentucky fire official says about a dozen people received medical attention after an explosion damaged a UPS freight hub.

May 30, 2018
Government, Business, Technology, Safety, Fuel

CARB Approves Tougher Opacity Limits

The California Air Resources Board has approved amendments to toughen state standards on heavy truck smoke opacity limits as well as require motor carriers with two or more trucks to report their annual smoke test results to the agency.

Eric Miller | Senior Reporter
May 30, 2018
Business, Logistics

Canadian Pacific Rail Workers’ Strike Threatens Freight Traffic

More than 3,000 Canadian Pacific Railway Ltd. workers walked off the job, threatening a wider disruption in freight traffic and setting up the first major labor test for Canadian Prime Minister Justin Trudeau.

May 30, 2018
Government, Business, Fuel

Diesel Prices Gain 1.1¢ in 10th Straight Increase

The U.S. average retail price of diesel increased for the 10th week in a row, nudging up 1.1 cents to $3.288 a gallon, according to the U.S. Department of Energy’s Energy Information Administration report May 28.

Dan Ronan | Senior Reporter
May 29, 2018
Government, Business

Push for NAFTA Deal Continues as Congress, Tariff Deadlines Loom

Canada’s foreign minister is headed to Washington as the clock ticks down to reach a deal on updating the North American Free Trade Agreement that could pass Congress this year and skirt metals tariffs.

May 29, 2018
Government, Business, Technology, Safety

Senate Bill Would Ease HOS, ELD Demands for Ag Haulers

A bipartisan group of senators recently introduced a bill that would relax both electronic logging device and hours-of-service requirements for livestock haulers.

Eleanor Lamb | Staff Reporter
May 29, 2018
Business, Technology, Logistics, Top 100

UPS Plans Rate Hike for Heavy Freight as E-Commerce Volume Grows

UPS Inc. will increase its over-the-maximum limits and the oversize pallet-handling surcharge to $650 from $500 beginning June 4.

Dan Ronan | Senior Reporter
May 29, 2018
Business, Logistics, TCA

Old Dominion Opens $10 Million Facility in Central Florida

Greg Gantt, CEO of Old Dominion Freight Line threw a homecoming party in Lakeland, Fla., on May 24, and he came with a $10 million gift.

Kevin Bouffard | The Ledger (Lakeland, Fla.)
May 29, 2018