Business

About Business News...

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.

Business

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.

December 22, 2015
Business

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, 2015
Business, Fuel

Diesel 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, 2015
Business

US 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, 2015
Business, Logistics

November 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, 2015
Government, Business, Autonomous

FMCSA 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, 2015
Business

Changed 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.

Ed Blazina | Pittsburgh Post-Gazette
December 21, 2015
Business

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.

Roger Gilroy | Senior Reporter
December 21, 2015
Business

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, 2015
Business

TruckerLine 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