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.
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.
FTR Appoints Avery Vise Vice President of Trucking Research
Research company FTR appointed Avery Vise vice president of trucking research.
December 5, 2017Oil 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.
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.
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.
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, 2017VW 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.
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, 2017UPS 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.
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