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.
FedEx Again Delivers Super Bowl Trophy
On Feb. 7, in a scene that most Americans have watched every winter, NFL Commissioner Roger Goodell will present the coveted Vince Lombardi Trophy to the owner and coach of the team that wins the Super Bowl in Santa Clara, California.
Historic Blizzard Freezes Traffic, Disrupts Shipping on East Coast
Winter Storm Jonas set snowfall records on the East Coast, wreaking havoc from South Carolina to Massachusetts, leaving truckers stranded and claiming 48 lives.
Cummins to Skip Mid-America This Year; Organizers Tout Nearly 1,000 Exhibitors
Engine maker Cummins Inc., a charter exhibitor at the Mid-America Trucking Show since it started in 1972, said it, too, would skip this year’s show, now two months away, even as MATS organizers maintain it still will be very large but also very different from last year’s record-setting event.
Most Truckload Profits Drop in 4Q as Freight Demand Slows
Truckload fleets that reported fourth-quarter earnings last week largely trailed the year-earlier quarter amid growing weakness in freight markets.
Diesel Falls 4.1¢ to $2.071; Below $2 in Two Regions
The U.S. average diesel retail price fell for the 11th consecutive week, dropping 4.1 cents a gallon to $2.071. That includes two regions that dropped below $2 a gallon for the first time in nearly seven years, the Department of Energy reported.
Jet Express, Others Join Forces to Deliver Water to Flint, Mich.
A number of trucking companies have announced plans to deliver tens of thousands of bottles of water to residents in Flint, Michigan, to help assist that community in alleviating the water crisis there.
VW Says It Is Not Under Pressure to Sell Truck Business
Volkswagen is not under pressure to sell its truck business to raise cash as it faces billions of euros in costs after admitting to rigging emissions tests, management board member Andreas Renschler told a German newspaper.
New York City Area Ports to Reopen
The Port Authority of New York and New Jersey said the region’s facilities will reopen Feb. 1 after more than 1,000 longshoremen walked off the job Jan. 29 in a labor dispute.
XPO Logistics Makes More Job Cuts at LTL Unit
XPO Logistics said it has cut another 190 jobs, primarily at its less-than-truckload unit, to save more than $20 million annually.
January 29, 2016Pennsylvania Senate Bill Proposes Fines if Trucks Don't Clear Off Snow
The Pennsylvania state Senate held a hearing Jan. 27 focused on a bill requiring truckers to "make all reasonable efforts" to remove snow and ice from their rigs before driving, but truck association officials fear the wording may be too subjective.