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 Starts Commercial Drone Tests
UPS Inc., teaming up with drone-maker CyPhy Works, announced drone tests to deliver packages in remote areas.
September 23, 2016UTi Worldwide to Cut 200 Jobs; XPO May Hire Them
UTi Worldwide will be laying off 200 employees when its contract with Sealed Air ends on Jan. 15, 2017, according to a letter sent to Wisconsin Department of Workforce Development.
September 23, 2016Hapag-Lloyd Ordering 5,750 New Refrigerated Containers
German ocean carrier Hapag-Lloyd AG has ordered 5,750 new refrigerated containers from Carrier Transicold in an effort to grow its service for temperature-sensitive foods and pharmaceuticals.
September 23, 2016Maersk Ends Megaship Building Era With New Acquisition Plans
The owner of the world’s largest container shipping line will stop ordering newly built vessels and instead pursue takeovers in an industry that has been plagued by overcapacity for almost a decade.
September 23, 2016Duane Kenagy Appointed Interim CEO of Port of Long Beach
The Board of Harbor Commissioners approved Duane Kenagy to become interim CEO at the Port of Long Beach, California, while the search for a permanent replacement is under way.
September 22, 2016South Carolina, South Dakota, Kansas Have Most Cost-Effective State Highway Systems, Report Says
South Carolina, South Dakota and Kansas have the nation’s most cost-effective state highway systems while Alaska, New Jersey and Hawaii have the least cost-effective, according to a report released by the Reason Foundation on Sept. 22.
Roundtable Participants Voice a Variety of Concerns to House Panel
Truckers and other transportation stakeholders last week voiced a variety of regulatory, infrastructure and funding concerns to the House Highways and Transit Subcommittee.
Pennsylvania’s Turnpike Commission Toll Grab Raises Concern
Pennsylvania’s reliance on toll revenue from the nation’s oldest turnpike to fund other road and mass-transit projects is starting to worry Janney Montgomery Scott’s Alan Schankel.
Hanjin Tells Major Retailers That Vessels Won't Stop in the US
Hanjin Shipping Co. won’t allow containerships anchored at sea to complete their journeys to the United States, according to an e-mail obtained by Transport Topics.
FedEx Freight's Eric Vos Repeats as TMC SuperTech Grand Champion
RALEIGH, N.C. — FedEx Freight’s Eric Vos has repeated as Grand Champion of the National Technician Skills Competition, TMC SuperTech.