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 Pilots Approve 6-Year Contract With Bonuses, Raises
Pilots at FedEx Corp., owner of the world’s biggest cargo airline, approved a six-year contract that provides a signing bonus, annual increases in hourly pay and more options for health-care benefits.
CP Rail Earnings Beat Expectations on Declining Costs
Canadian Pacific Railway reported third-quarter profit that topped analysts’ estimates, buoyed by a weaker currency and expense reductions that included parking locomotives.
PIT Group Opens U.S. Office in Atlanta
PHILADELPHIA — PIT Group has opened an office in Atlanta, the Canadian engineering and research group announced here Oct. 19 at American Trucking Associations’ Management Conference & Exhibition.
October 20, 2015National Diesel Average Declines 2.5¢ to $2.531 a Gallon
The average price of diesel fuel in the United States declined 2.5 cents a gallon to $2.531, the Department of Energy reported Oct. 19.
October 20, 2015Housing Starts Rise as Construction Underpins Economy
New-home construction in the United States climbed in September, a sign residential real estate will bolster the world’s largest economy.
October 20, 2015Baby, You Can Drive My Truck: Paul McCartney Rocks Freightliner Dinner at MCE
PHILADELPHIA — Music icon Sir Paul McCartney surprised and delighted the nearly 1,000 people attending a customer appreciation dinner hosted by Freightliner Trucks here on Oct. 19.
ALK Updates CoPilot Navigation to Better Manage Routes by Vehicle Size
PHILADELPHIA — ALK Technologies has updated its CoPilot Truck in-cab navigation product to make it easier for fleets to create and follow routes optimized for vehicle size and load.
Personality Traits Can Predict Driver Turnover, Study Finds
Personality traits of drivers can predict turnover and safety performance, according to preliminary results of a study by researchers at the University of Notre Dame.
October 19, 2015Omnitracs to Launch Navigation System
PHILADELPHIA — Trucking technology supplier Omnitracs is expanding its product line with the upcoming launch of a new navigation system.
ATA's Osiecki Expects Favorable Reforms If Congress Passes Highway Bill
PHILADELPHIA — Dave Osiecki, American Trucking Associations’ executive vice president and chief of national advocacy, says he is optimistic regulations the industry has criticized over the years would be reformed if Congress advances key bills this year.