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.
Under the Hood of US Import Prices Are Broad Drops Beyond Oil
Here’s one key takeaway from the Labor Department’s report Jan. 14 on import prices, costs of imported goods excluding fuels declined 3.4% last year, the biggest annual decrease since records began in 2001 and representing the challenge faced by the Federal Reserve in achieving its inflation goal.
January 14, 2016The Reliance Network Drops Troubled Land Air Express of New England
The Reliance Network, a group of regional less-than-truckload carriers that exchange freight with each other to provide coverage throughout the United States and Canada, said troubled Land Air Express of New England is no longer a member.
January 13, 2016US Transportation Activity Varied at Close of Year, Fed Says
Transportation activity varied throughout the country at the end of 2015, but general economic conditions improved in much of the country, the Federal Reserve reported.
January 13, 2016Electric Trucks Already in Service in California, but Obstacles to Widespread Use Remain
Those who think that electric trucks are a pie in the sky idea dreamed up by an environmentalist, meet Michael Simon.
Uniroyal Launches Truck Tire Lines in US Market for Small Fleets
Tire maker Uniroyal launched sales of six commercial truck tires in the U.S. market geared to owner-operators and small fleets.
January 13, 2016Canada's Greater Weight Allowance Gives Truckers Advantage Over US, Researcher Says
WASHINGTON — Restrictive federal size and weight policies are causing U.S. motor carriers to lag in heavy-truck productivity when compared with other countries, a leading transportation researcher said at a presentation Jan. 13 at the Transportation Research Board’s annual meeting.
Explosion at Groendyke Transport in Kansas Injures at Least 4
At least four people were hurt after an explosion and fire occurred at Groendyke Transport Inc. on U.S. 83, southeast of Liberal, Kansas.
UPS Refines Options for Shipments to and From Mexico
UPS Inc. announced a series of enhancements for dealing with imports and exports between the United States and Mexico, the nation’s second-largest trading partner.
January 13, 2016FedEx Plans 60,000-Square-Foot Ohio Distribution Center
The Allen County, Ohio, Port Authority has made a move it maintains will continue to make Lima an attractive place for FedEx Corp. to do business.
Dana Announces Revenue of $6 Billion for 2015
Heavy-duty supplier Dana Holding Corp. announced preliminary financial results of $6 billion in revenue for 2015, which is comparable with its performance in 2014 and is its guidance for what it expects in 2016.
January 13, 2016