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 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.
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.
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, 2016Pegasus 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, 2016Hanjin 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.
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, 2016US 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.
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, 2016Editorial: 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, 2016September 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.