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.
Amazon Expands Deliveries by Its 'On-Demand' Drivers
SAN FRANCISCO — Amazon.com Inc. is quietly inviting drivers for its new "on-demand" delivery service to handle its standard packages, as the online retailer known for low prices and razor-thin profit margins looks to speed up delivery times and tamp down its growing multibillion-dollar logistics bill.
UPS Appeals Brazil's Approval of FedEx-TNT Deal
UPS Inc. has appealed Brazil's approval of the FedEx-TNT Express deal, but the combining companies don't expect the acquisition to be delayed past June 30.
Traffic Deaths Jump by Most Since 1966, Safety Group Says
Traffic fatalities increased in 2015 by an amount not seen in 50 years, alarming road safety advocates. The trend in Texas, which has the deadliest highways in the country, remained largely unchanged.
Owner, President of Usher Transport Dies at 86
William Amos “Bill” Usher Sr., the owner and former president of tank truck carrier Usher Transport of Louisville, Kentucky, died Feb. 14. He was 86.
February 18, 2016Element to Create Separate Fleet Management, Equipment Finance Units
Element Financial Corp. plans to split into two publicly traded companies — one devoted to fleet management and the other to equipment finance.
February 18, 2016Odyssey Logistics Posts Double-Digit Gains in Past Year
New products and services including a cloud-based system have helped Odyssey Logistics post double-digit growth during the past year.
Virginia Port Authority Reports Container Volume Rises Slightly
Container volume at the port’s terminals ticked slightly upward in January, posting a year-over-year gain of 0.4%, the Virginia Port Authority announced Feb. 16.
Americans' Expectations for Economy Decline to Three-Month Low
Americans’ expectations for the economy declined in February to a three-month low as optimism propelled by job growth and cheaper gasoline at the start of the year faded.
Biden Calls for Increased Transportation Infrastructure Investment
Vice President Joe Biden called for greater public investment in transportation infrastructure during a Feb. 17 visit to a logistics yard east of Memphis, Tennessee.
Jobless Claims Decline to Lowest Level Since November
The number of Americans filing for unemployment benefits unexpectedly declined last week to a three-month low, signaling durability in the labor market.
February 18, 2016