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.
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.
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, 2016Cheap 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.
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.
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.
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.
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.
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.
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.
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.