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.
Mild Weather Eases Strain for UPS, FedEx in Record Holiday Rush
UPS Inc. and FedEx Corp. may get some help from the weather and better coordination with online retailers as they move into the final days of a record Christmas shipping season.
Sales of Existing Homes Slump on Delayed Contract Closings
Sales of previously owned homes slumped in November to the lowest level since April of last year as a change in industry rules lengthened the amount of time it took buyers to close on a deal.
December 22, 2015Diesel Drops 5.4¢ to $2.284; Gasoline Falls to $2.026
The U.S. average retail diesel price fell for the sixth consecutive week and to the lowest point this year, down 5.4 cents a gallon to $2.284, the Department of Energy reported Dec. 21.
December 21, 2015US DOT Gives Santa Operating Authority
The U.S. Department of Transportation said it has given Kris Kringle, a.k.a. Santa Claus, special air transportation authority for the night of Dec. 24-25.
December 21, 2015November Trailer Orders Third Highest in History, FTR Reports
Net U.S. trailer orders in November exceeded expectations for the second consecutive month, rising to the third-highest monthly total on record, research firm FTR reported.
December 21, 2015FMCSA to Lower Random Drug Testing Level to 25% in 2016
The trucking industry will be able to randomly test 25% of its drivers for drug use during 2016, the Federal Motor Carrier Safety Administration announced on Dec. 21.
December 21, 2015Changed Rules Causing Delays in Commercial Truck Driver Licensing in Pennsylvania
New licensing requirements for commercial truck drivers that begin Dec. 21 in Pennsylvania are causing the state to close more than 25% of its testing centers and creating long waiting periods for applicants to take their test at the ones that remain.
Volvo Truck Deliveries Flat in November Despite 40% Rise in Europe
Volvo Group reported November truck deliveries were flat from the same month a year earlier, but included a 40% rise in Europe as other regions declined.
UPS My Choice Reaches 20 Million Members
UPS My Choice, which allows customers more control over residential deliveries, has reached 20 million members worldwide, UPS Inc. said. The company launched the program Sept. 14, 2011.
December 21, 2015TruckerLine Partners With Zendrive to Let Users Show Driving Score on Their Profile
Technology provider TruckerLine has created a partnership with Zendrive, which provides safety analytical information, that will allow TruckerLine users to show a driving performance score on their profiles.
December 21, 2015