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

Daimler Trucks Fights Tighter Emission Controls in Mexico as Smog Worsens

Daimler AG and other truck makers are fighting to delay new emissions standards in Mexico as the government struggles to control the worst smog in the capital city in 14 years.

June 27, 2016
Business, Safety, Government, Logistics

Baltimore Warehousing Center Tradepoint Atlantic Signs Automotive Shipments Company

Tradepoint Atlantic, a warehousing and transportation center in Baltimore, said logistics company Pasha Group has agreed to lease space at the facility to process global automotive shipments.

June 27, 2016
Business

Cheap Gasoline and Three-Day Weekend to Fuel Record July 4 Travel

If you’re road-tripping this holiday weekend, you’re in good company. With U.S. gasoline prices the lowest in more than a decade, July 4 travelers are expected to hit the road in record numbers.

Rachel Adams-Heard | Bloomberg News
June 27, 2016
Business, Logistics, Equipment

Trailer Orders Drop 12% as Seasonal Slowdown Hits

U.S. trailer orders fell 12% in May, reflecting typical seasonal demand, ACT Research Co. reported — though trailer manufacturers said the market had softened.

Roger Gilroy | Senior Reporter
June 27, 2016
Business

FedEx Raises Fiscal 4Q Profitability by 20%, Helped by Results at Express, Ground Units

Improved profits at the Express and Ground units of FedEx Corp. helped the package company raise fiscal fourth-quarter net income by 20%, excluding one-time costs. This sets the stage for continued Ground capital investment to support increased e-commerce and the initial integration of TNT N.V.

Rip Watson | Special to Transport Topics
June 27, 2016
Business

FedEx Ground to Pay $240 Million to Settle Driver Classification Suits

FedEx Ground settled an 11-year-old, nationwide lawsuit by agreeing to pay $240 million to 12,000 truck drivers who said they were misclassified as independent contractors rather than employees of the division of FedEx Corp.

Jonathan S. Reiskin | Associate News Editor
June 27, 2016
Business

FMCSA Defends E-Log Rule From OOIDA Legal Challenge

In a brief filed with a federal appeals court, the Federal Motor Carrier Safety Administration defended a legal challenge to the agency’s electronic logging device rule by the Owner-Operator Independent Drivers Association.

Eric Miller | Senior Reporter
June 27, 2016
Business

FMC Backs SOLAS Terminal Weighing Plan

The trade association representing 19 ocean carriers and the Federal Maritime Commission have announced their support for using marine terminal scales to determine the verified gross mass of containers when an international shipping rule goes into effect July 1.

Eric Miller | Senior Reporter
June 27, 2016
Business

Logistics Spending Up, Study Says

WASHINGTON — The anemic freight market, especially for truckload carriers, that started during the last quarter of 2015 has continued well into this year, but market forces already are at work to eliminate excess capacity and create a stronger trucking business climate by mid-2017, industry executives said.

Jonathan S. Reiskin | Associate News Editor
June 27, 2016
Business

Interstate System Turns 60; Highways Show Their Age

The Interstate Highway System, the backbone of U.S. freight transportation, turns 60 years old this week.

Marissa Gamache | Features Coordinator
June 27, 2016