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 Expands Access Point Delivery Option
UPS Inc. is expanding its Access Point shipment pickup option program in more than 90 metropolitan areas this summer to add delivery alternatives for customers and carriers.
Union Pacific’s Fritz to Become Chairman on Oct. 1
Union Pacific Corp. selected CEO Lance Fritz to become its chairman Oct. 1 when Jack Koraleski retires from the post after 43 years at the railroad.
Transport United Buys North & South Logistics
Transport United Inc., which offers less-than-truckload and other freight services, announced the acquisition of North & South Logistics Inc., a freight broker, to add non-asset-based services.
UPS Agrees to Acquire Coyote for $1.8 Billion
UPS Inc. announced it has agreed to buy truckload brokerage Coyote Logistics for $1.8 billion to expand its presence in the non-asset-based sector.
July 31, 2015Consumer Sentiment Falls in July on Weaker Expectations
Consumer confidence retreated in July as Americans’ expectations deteriorated to an eight-month low.
July 31, 2015YRC Worldwide Net Income Hits $26 Million
YRC Worldwide Inc. reversed a year-earlier period loss and posted second-quarter net income of $26 million, or 80 cents per share, helped by improving rates and declining injury-related costs.
Navistar to Offer Eaton Procision Transmissions on Medium-Duty Trucks
Navistar Inc. said it will be the first truck maker to offer Eaton Corp.’s Procision line of dual-clutch transmissions for medium-duty applications.
July 30, 2015FMCSA Sends ELD Rules to OMB
The White House Office of Management and Budget is in possession of FMCSA’s electronic logging device and prohibition of coercion rules, and soon will begin its review of them, usually the last step before official publication.
July 30, 2015Oil Market Embraces Lower-for-Longer Price View as Futures Sink
The global oil surplus increasingly looks like a problem that will take years rather than months to solve — and the market is pricing that in.
July 30, 2015TIGER Grant Requests Total $9.8 Billion; DOT Has $500 million to Spend
State governments have inundated the U.S. Department of Transportation with applications for TIGER grants, filing 625 applications worth $9.8 billion while DOT has only $500 million to disperse this year.
July 30, 2015