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 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.

Seth Clevenger | Managing Editor, Features and Multimedia
August 9, 2016
Government, Business

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, 2016
Business

Redwood 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, 2016
Business, Technology

Tech 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.

Marcia Heroux Pounds | Sun Sentinel (Fort Lauderdale, Fla. )
August 9, 2016
Safety, Business, Logistics

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, 2016
Business, Fuel

Diesel 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.

Roger Gilroy | Senior Reporter
August 8, 2016
Business

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, 2016
Government, Business, Safety

DOT 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, 2016
Government, Business, Safety, Autonomous

FMCSA 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.

Eric Miller | Senior Reporter
August 8, 2016
Business

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