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

APM Expanding Capacity at Alabama Port

APM Terminals will add two new super-Post Panamax cranes and expand its Mobile, Alabama, port container yard by 20 acres as part of a $40 million infrastructure investment to expand the terminal’s capacity to meet growing demand, the company announced.

June 22, 2015
Perspective, Business

Opinion: Food-Hauling Regulations Set to Change

The U.S. Food and Drug Administration will begin issuing final rules for the Food Safety Modernization Act in August, but the act will not fully impact the freight transportation industry until early next year, when the Federal Register publishes its most relevant section: Sanitary Transportation of Human and Animal Food.

June 22, 2015
Editorial, Business

Editorial: Pennies From Heaven

It can be a frustrating endeavor to monitor the events on Capitol Hill. Our elected leaders are quite adept at saying the correct things, and we believe they aim to make the right decisions.

June 22, 2015
Business, Government

TT Archives: Labor Issues

While labor issues carried top billing, the May 2, 1949 issue of Transport Topics also featured stories about advertising programs and finance that continue to resonate with today’s trucking industry.

June 22, 2015
Fuel, Business

Graves Urges Fuel-Tax Hike

WASHINGTON — American Trucking Associations President Bill Graves again told lawmakers that raising federal fuel taxes is the best approach for paying for infrastructure projects, a position congressional leaders charged with uncovering more funding reject.

Eugene Mulero | Senior Reporter
June 22, 2015
Business

Cost of Trucks, Maintenance Offers Boost to Leasing Sector

The truck-leasing business is strengthening this year as fleets contend with the rising cost of new trucks and maintenance, industry officials said.

June 22, 2015
Business

FedEx Settles Contractor Case

FedEx Corp.’s decision to settle a California driver-status case for $228 million likely will trigger more attacks on the independent contractor model nationwide, experts predicted.

Rip Watson | Special to Transport Topics
June 22, 2015
Business

Conspicuity Gear Helps Trailers Stand Out When Grime, Darkness Threaten Visibility

Dirt and road grime that end up on tractor-trailers as they travel can obscure conspicuity equipment, diminishing the role these lights, reflectors and decals are designed to play.

Susan L. Hodges | Contributing Writer
June 22, 2015
Business

FedEx’s 4Q Helped by Rates, Cost Cuts

FedEx Corp. said net income was $753 million, or $2.66 per share, excluding one-time costs, for its fiscal fourth quarter ended May 31, reflecting stronger results at the Express, Ground and Freight units.

Rip Watson | Special to Transport Topics
June 22, 2015
Business, Safety

Hair Tests for Drug Use Poised for Endorsement

ROCKVILLE, Md. — An advisory board appears on track to issue a recommendation this summer that hair specimens be approved for pre­employment drug screening of truck drivers and other safety-sensitive federal workers.

Eric Miller | Senior Reporter
June 22, 2015