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

UPS Aircraft Mechanics Taking Vote for Strike Authorization Over Health Benefit Impasse

The UPS mechanics who service the planes that ship packages around the world began voting on Oct. 21 to authorize a strike after an impasse in negotiations over reductions in health benefits.

Neil Nisperos | Inland Valley (Ontario, Calif.) Daily Bulletin
October 24, 2016
Government, Business

Minnesota, Wisconsin Celebrate New I-90 Bridge

Officials from the Minnesota and Wisconsin departments of transportation along with elected officials celebrated the dedication of the new Dresbach Bridge over the Mississippi River on Oct. 21.

David Elfin | Staff Reporter
October 24, 2016
Business

US Agency Approves Ocean Alliance Service

The Federal Maritime Commission has approved the formation of the Ocean Alliance, a group of four of the largest ocean carriers that intend to begin a new service arrangement in April.

October 24, 2016
Business

Pegasus TransTech Adds CAT Scale App

Pegasus TransTech said it added CAT Scale Co.’s Weigh My Truck app to its Transflo Mobile platform, allowing commercial drivers to access weighing functionality straight from the platform.

October 24, 2016
Business, Logistics

Hanjin Shipping Wins Court Approval to Wind Down Europe Business

Hanjin Shipping Co., South Korea’s largest container line that has put its Asia-U.S. business on sale after filing for bankruptcy protection in late August, won approval from a court to wind down its European operations as demand for its services to the continent slumped.

Kyunghee Park | Bloomberg News
October 24, 2016
Business

FedEx Recognized for Natural-Gas Fleet Program

FedEx Freight has received the NGV Achievement Award from NGVAmerica for its new natural-gas fleet program in Oklahoma City.

October 24, 2016
Business

US Truck Sales Fall 28.6%

U.S. retail sales of Class 8 trucks sank 28.6% in September, even as the vocational segment showed strength and leasing companies anticipated adding trucks, WardsAuto.com reported.

Roger Gilroy | Senior Reporter
October 24, 2016
Perspective, Government, Business, Safety

Opinion: The Real Cost of Regulations for Small Carriers

Economists often speak of a “regulatory drag” on our economy related to the costs associated with the many regulations passed over the years.

October 24, 2016
Editorial, Business, Technology

Editorial: Mechanical Evolution Marches On

We have recently participated in a lot of discussion and activity about autonomous and platoon trucking, and while some of it has an exhilarating, almost science fiction feel to it — especially the in-person demonstrations — there also are aspects of it that are, well, commonplace.

October 24, 2016
Business

September Tonnage Dips 0.7%; First Year-Over-Year Drop in 2016

Truck tonnage in September continued to reflect a sluggish freight market, down 0.7% from the same month a year ago, reversing an August uptick and marking the first year-over-year decline in the American Trucking Associations index since October 2015.

Ari Ashe | Staff Reporter
October 24, 2016