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, Technology, Logistics

UPS Warns of Temporary Delays After Cyber Monday Overwhelms Network

UPS Inc. is expecting slight delays in package deliveries after a surge in e-commerce sales swamped its network in the days after Thanksgiving.

Michael Sasso | Bloomberg News
December 5, 2017
Business

FTR Appoints Avery Vise Vice President of Trucking Research

Research company FTR appointed Avery Vise vice president of trucking research.

December 5, 2017
Business, Fuel

Oil Climbs as OPEC Tightening Dovetails With US Supply Drop

Crude rallied as lower OPEC production and signs of shrinking U.S. oil inventories bolstered expectations for an end to the global surplus.

Jessica Summers | Bloomberg News
December 5, 2017
Government, Business, Fuel

New Jersey Congressman Endorses Federal Fuel Tax Increase

An increase in federal taxes on fuel would significantly help fund repairs for highway infrastructure along Interstate 95 in Newark, N.J., Rep. Donald Payne Jr. (D) said amid Congress’ consideration of tax reform legislation.

Eugene Mulero | Senior Reporter
December 5, 2017
Business

Plot to Extort DHL Has Germans on Edge During Holiday Season

A murky plot to extort money from delivery giant DHL Express has many Germans on edge during the busy holiday shipping season.

December 5, 2017
Business, Equipment

Class 8 Orders Post Strong Gain in November

North American Class 8 orders in November reached nearly 33,000 for a 69% year-over-year gain, ACT Research Co. reported.

December 5, 2017
Business, Technology, Equipment, Fuel

VW Unveils Electric Minibus to Take On Uber in App-Based Rides

Volkswagen AG’s Moia division unveiled a six-seater, battery-powered minibus to enter the market of app-based ride hailing and car-pooling, taking on the likes of Uber Technologies Inc.

Christoph Rauwald | Bloomberg News
December 5, 2017
Business

DTNA Appoints David Carson President of Western Star

Daimler Trucks North America announced David Carson, currently president of Freightliner Custom Chassis Corp., has been appointed president of Western Star Trucks and chief diversity officer of DTNA.

December 5, 2017
Business, TCA

UPS Buys Company to Build Customs Brokerage Business

UPS announced it is acquiring trade management firm Sandler & Travis Trade Advisory Services to build the shipping giant’s customs brokerage business.

Kelly Yamanouchi | The Atlanta Journal-Constitution
December 5, 2017
Business

Growth in Service Industries Cools From a 12-Year High

Growth in U.S. service industries cooled by more than forecast in November after the fastest expansion since 2005, as orders eased and supply chains normalized following two hurricanes, an Institute for Supply Management survey showed Dec. 5.

December 5, 2017