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

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, 2015
Business

US 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, 2015
Business

Consumer 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.

Ali Donaldson | Bloomberg News
October 16, 2015
Government, Business, Safety

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.

David Elfin | Staff Reporter
October 16, 2015
Government, Business, Safety

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.

David Elfin | Staff Reporter
October 15, 2015
Business

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, 2015
Business

SMC3 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, 2015
Government, Business, Safety

Rep. 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.

Eugene Mulero | Senior Reporter
October 15, 2015
Government, Business, Safety

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.

David Elfin | Staff Reporter
October 15, 2015
Special Coverage, Business

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