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.
UPS Announces Rate Increases
UPS Inc. announced rate increases of 4.9% on average for the majority of its business, citing higher costs and other factors.
October 16, 2015US Manufacturing Production Falls for Second Straight Month
Factory output fell in September for a second month as high inventories and lukewarm demand from overseas customers kept American producers bogged down.
October 16, 2015Consumer Sentiment Exceeds Expectations as Finances Improve
Consumer sentiment climbed more than forecast in October as lower-income Americans projected wage gains will accelerate and falling energy prices helped stretch paychecks.
Democrats Seek to Bar Customs Fees From Funding Short-Term Highway Extension
With the highway bill set to be marked up Oct. 22, Democrats on the House Homeland Security Committee have asked their fellow members on the Transportation and Infrastructure Committee to prevent the use of Customs and Border Protection fees to cover the costs of another short-term funding extension.
Vice President Joe Biden Continues October Transportation Blitz
Vice President Joe Biden, who gave a major infrastructure speech in Washington on Oct. 8, continued his interest in transportation issues six days later by meeting with a group of stakeholders at the White House.
DOT Freight Transportation Index Rises to All-Time High
The Department of Transportation’s freight transportation services index rose to an all-time high in August, DOT said Oct. 15.
October 15, 2015SMC3 Acquires Transportation Costing Group
SMC3, a provider of less-than-truckload pricing and transit-time services, has acquired substantially all the assets of Transportation Costing Group.
October 15, 2015Rep. Edwards: ‘We Gotta Get Money Attached’ To Highway Bill
Rep. Donna Edwards (D-Md.), a member of the House Transportation and Infrastructure panel, called on congressional leaders to ensure highway legislation the panel will consider Oct. 22 is funded.
Rep. Delaney Urges Increased Transportation Funding
With the highway bill less than a week from its expected markup in the House, Rep. John Delaney wrote to Transportation and Infrastructure Chairman Bill Shuster on Oct. 15, urging him to increase baseline funding levels.
Duane Long: It's Been a Challenging and Rewarding Year
Around this time last year, I had the privilege of writing in this space about how excited I was to be taking the wheel of the most impressive truck I’ve ever driven in becoming chairman of American Trucking Associations. Never in my wildest dreams could I have anticipated what a challenge I was about to embark on.
October 15, 2015