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.
Sales of Existing US Homes Rise to Second-Highest Level Since 2007
Sales of previously owned U.S. homes unexpectedly rose in January to the second-highest level since early 2007, indicating the industry will keep prospering.
Court Battles Still Being Fought Over Skagit River Bridge Mishap
Nearly three years after an oversize tractor-trailer accidentally knocked down Washington state’s Interstate 5 Skagit River Bridge, lawyers still are in the early stages of a court fight to determine fault and assess who foots the $17 million repair bill.
Amazon to Open Minnesota Warehouse Staffed by ‘Hundreds’ of Robots
Amazon.com Inc. on Feb. 19 showed off the interior of its Shakopee, Minnesota, fulfillment facility that later this year will teem with “hundreds and hundreds” of robots assisting about 1,000 humanoid employees.
XPO Files Federal Civil Suit Against R+L Carriers
XPO Logistics, including the former Con-way Freight, filed a six-count civil complaint against R+L Carriers in U.S. District Court in Detroit, alleging that R+L acted illegally in raiding employees from XPO.
Diesel Bumps Up Three-Tenths a Cent to $1.983
The national average retail price of diesel fuel climbed ever so slightly, ending 14 consecutive declines, the Department of Energy reported.
Pennsylvania UPS Shipping Facility Fighting Teamsters Unionization
KUTZTOWN, Pa. — UPS Freight is fighting a bid by the Teamsters to unionize about 30 truck drivers at a Kutztown distribution center that services Advance Auto Parts stores.
Accuride’s Share Price Falls Below Listing Standard, NYSE Tells Supplier
Accuride Corp. has been notified by the New York Stock Exchange that it was not in compliance with NYSE’s continued listing standard, according to the commercial component supplier.
February 22, 2016Joey Hogan Succeeds David Parker as President of Covenant Transportation Group
Joey Hogan, an 18-year veteran executive at Covenant, has been promoted to president of Covenant Transportation Group, succeeding chairman and CEO David Parker in that role.
110-Year Old C.H. Robinson Bets on Acquisitions for Growth
Most of us assume we can get fresh blueberries in February, buy brightly colored flowers for Mother’s Day or find fully stocked shelves at department stores in the midst of a snowstorm.
Daimler Expects to Fight Chinese Rivals for Iran Truck Market
Daimler AG, seeking to regain its position as one of the leading truck makers in Iran after a six-year absence, is bracing for a fight in the reopened market with now-entrenched Chinese rivals.