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 Routing Program ORION Helps Drivers Trim Miles, Reduce Costs
To help drivers with the challenge of finding the most efficient route to make their deliveries, UPS has developed ORION, a program that calculates an optimized delivery order aimed at reducing miles traveled, transit time and fuel consumption.
Almost Half of Registered Voters Say Infrastructure Has Worsened
The country’s infrastructure has deteriorated drastically over the last five years, contributing to congestion on many highways, according to a poll commissioned by the Association of Equipment Manufacturers that was released Aug. 9.
August 9, 2016Redwood Capital Investments Acquires Premier Trailer Leasing
Premier Trailer Leasing, a provider of trailer leasing and rental assets and related value-added services, has been acquired by Redwood Capital Investments from Garrison Investment Group.
August 9, 2016Tech Startup Enjoy Delivers Your Product, Teaches You How to Use It
Enjoy, a tech device set-up and delivery service, aims to make reading indecipherable instruction manuals a thing of the past. An Enjoy "expert" delivers the purchase, unpacks and sets up the device, then helps the client learn about it, in up to an hourlong visit.
Train Derails Into Iowa Trackside Tavern Called Derailed Bar
Police in Charles City, Iowa, say part of a freight train derailed and crashed into the side of a trackside tavern called the Derailed Bar.
August 9, 2016Diesel Drops 3.2¢ to $2.316
The U.S. average retail price of diesel fell 3.2 cents to $2.316, according to the Department of Energy, while oil prices climbed out of last week’s bear market.
Bison Transport Names New COO
Bison Transport Inc. has named Trevor Fridfinnson, who has been with the company for more than 23 years, to the position of chief operating officer in a move the company calls a necessary expansion.
August 8, 2016DOT Proposal Would Enhance Response to Hazmat Accidents on Railroads
The U.S. Department of Transportation published a proposed rule that would toughen the requirements for railroads’ responses and communications with emergency response personnel when an accident involves crude oil.
August 8, 2016FMCSA Medical Review Board to Offer Sleep Apnea Recommendations
The Federal Motor Carrier Safety Administration’s medical review board will meet later this month to make recommendations for possible changes to standards and practice for medical examiners diagnosing and treating truck drivers for obstructive sleep apnea.
UPS Expands Express Service
UPS Inc. announced it has expanded UPS Express package delivery service into new parts of the Caribbean, Central America, South America, Asia, Europe and Africa, adding a total of 52 new countries and territories.
August 8, 2016