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.
Expeditors Net Income Falls 9% on Lagging Freight Volume, Profitability
Expeditors International of Washington Inc. reported net income fell 9% to $96.6 million, or 53 cents per share, as air and ocean freight forwarding shipments and profitability declined.
May 3, 2016UPS Updates 125 Hybrid Electric Trucks to Extend Range
LONG BEACH, Calif. — UPS Inc. said that 125 of its hybrid electric delivery trucks have been updated with a new engine that extends their delivery range while improving fuel economy.
May 3, 2016Canadian National Pledges Support to Develop Midwest Inland Port
DECATUR, Ill. — Canadian National, the largest railroad in Canada and one of the largest railroads in North America, pledged its support May 2 to developing the Midwest Inland Port in Decatur, Illinois.
Pennsylvania Turnpike Speed Limit Now 70 MPH
Drivers can zip along most of the Pennsylvania Turnpike at 70 mph and keep cruising that fast on most of Interstate 380 starting May 2.
Manufacturing's Silver Lining: More Industries Improving
There is one positive aspect of U.S. manufacturing’s recent performance. While uninspiring, the rate of growth is broadening to include almost all types of producers.
SkyBitz Introduces Tracking Device for Oil and Gas Applications
SkyBitz has introduced a tracking device for equipment used in oil and gas applications.
May 2, 2016Diesel Rises to Highest Level This Year
The U.S. average retail diesel price rose by 6.8 cents to $2.266 a gallon, the highest level this year, the Department of Energy reported after its May 2 survey of fueling stations.
May 2, 2016Gasoline Consumption in US Rises Most in Nearly Four Decades
U.S. gasoline demand rose at the fastest annual rate in almost 40 years in February as stronger economic growth and cheap fuel prices spur driving in the world’s biggest oil consumer.
FedEx-TNT Deal Clears Final Regulatory Hurdle
The biggest acquisition in FedEx Corp.'s 43-year history has cleared its final regulatory hurdle, after the deal received approval from Chinese officials, the parcel delivery company said.
Competitors Eating into L.A. Ports' Dominance
Early morning on April 19, the massive Maersk Edmonton moored at the nation's biggest cargo terminal, in the Port of Los Angeles. At 8 a.m., around 200 workers, operating nine cranes, swarmed the 1,200-foot-long containership.