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 Second Quarter Net Income Rises on Gains at Express, Ground Units
Continued profit improvement at the Express and Ground units helped FedEx Corp. raise overall net income in its fiscal second quarter by 4% to $691 million, or $2.44 per share.
ATA Says it Expects to File Court Brief in Support of Electronic Log Mandate
American Trucking Associations said late last week it expects to file a court brief in support of the electronic logging mandate, after a legal challenge from the Owner-Operator Independent Drivers Association.
CP Sweetens Purchase Offer for Rival Norfolk Southern
Canadian Pacific Railway Ltd.’s battle to acquire Norfolk Southern Corp., which was sweetened by at least 10% on Dec. 16, definitely will extend into 2016 as the potential buyer pledged a proxy fight would start by February unless there was a peaceable agreement beforehand.
December 21, 2015Truckers Deliver Nearly 910,000 Wreaths
The trucking industry delivered nearly 300 truckloads of Christmas wreaths to 1,100 cemeteries as part of National Wreaths Across America Day, an annual event honoring the fallen members of the military.
December 21, 2015Diesel Average Slides 4.1¢ to $2.338 in Fifth Straight Weekly Decline
The U.S. retail diesel average fell 4.1 cents a gallon to $2.338, the fifth consecutive decline, leaving diesel at its lowest in nearly 6½ years, the Department of Energy reported.
Graham Wins Honors at Rush Tech Rodeo
SAN ANTONIO — A total of 163 truck technicians came here to compete at the Rush Truck Centers “Tech Skills Rodeo” in categories including engines, parts and body repair.
Survey Data Helpful Tool in Driver Retention
Trucking firms may find clues on how to improve the way they recruit and retain drivers by relying on the findings of comprehensive surveys and feedback from drivers, according to analysts with Stay Metrics, an Indiana-based consulting firm.
UPS Expands Use of Landfill Gas in Heavy-Duty Trucks
UPS Inc. said it would begin to use renewable natural gas to power 140 heavy-duty trucks in its fleets in Jackson, Mississippi, and Memphis, Tennessee, as part of a program it announced earlier to expand use of the fuel.
December 18, 2015Senate Joins House in Passing Tax Extenders
The long-awaited natural-gas tax credits legislation just needed President Obama’s expected approval to be made retroactive for all of 2015 and extended through 2016 after the bill was passed by the House on Dec. 17 and the Senate on Dec. 18.
Knight Cuts Fourth-Quarter Earnings Forecast
Knight Transportation Inc. lowered its fourth-quarter earnings estimate by about 15%, citing more moderate rate increases, fewer spot market opportunities, additional driver pay increases and reduced gains on used equipment sales.
December 18, 2015