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.
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.
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.
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, 2018CARB 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.
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.
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.
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.
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.
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.
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.