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.
O’Brien Fired as Top Teamsters Negotiator in UPS Contract Talks
Teamsters President James Hoffa has fired Sean O’Brien as the top negotiator on behalf of UPS Inc. and its UPS Freight employees after only six months, prompting the ousted director to write a blistering rebuke to the union leader.
XPO Redoubling E-Commerce Efforts, Will Expand U.S. Network Through 2018
XPO Logistics Inc. will double its last-mile warehouses to capitalize on the rapid growth of e-commerce in North America, the company announced Sept. 12.
It Could Take Days Before Florida’s Thirst for Fuel Is Sated
Hurricane Irma may now be gone, but its fallout will continue to haunt Florida for at least the next few days as the largest U.S. gasoline market after California and Texas thirsts for the fuel.
Small Retailers Sue EPA over Renewable Fuel Standard
A national trade group of 200 small, independent petroleum retailers and convenience store owners has filed a federal lawsuit asking a court to require the Environmental Protection Agency to change its regulation that currently identifies refiners and importers as the entities responsible for blending gasoline and diesel fuel with renewable fuel.
Diesel Jumps 4.4 Cents to $2.802 a Gallon
The U.S. average retail price of diesel rose 4.4 cents to $2.802 a gallon on the heels of Hurricane Irma slamming into Florida on Sept. 10 and disrupting fuel supplies there.
Averitt Express Expands LTL Service in Illinois, Wisconsin
Bendix Building Lab for Students in Mexico
Tier 1 supplier Bendix Commercial Vehicle Systems broke ground on an industrial laboratory for technical students in Acuña, Mexico, the company announced Sept. 6.
September 11, 2017Port of L.A., Labor Group Sign 10-Year Agreement on Construction
The Port of Los Angeles’ Harbor Commissioners approved a 10-year labor agreement for infrastructure improvements at North America’s busiest containerport.
September 11, 2017Kenworth Makes 7-Axle Straight Truck for Ag Hauler
Kenworth Truck Co. manufactured a 7-axle straight truck for White Oak Mills, marking the first time the OEM had made such a vehicle starting with its T880S platform.
September 11, 2017Navistar Redesigns Flagship LoneStar Model
International Truck, a unit of Navistar International Corp., announced redesigns and updates to its flagship, almost decade-old, LoneStar model.