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.
Secretary Anthony Foxx to Speak at Council on Foreign Relations March 16
Transportation Secretary Anthony Foxx will be promoting his policy priorities when he speaks at the Council on Foreign Relations in Washington, D.C., on March 16.
DOE Boosts 2015 Diesel Price Forecast a Nickel to $2.89
Diesel fuel will average $2.89 per gallon at the pump this year, the Department of Energy reported, as it boosted its most recent forecast by 5 cents.
U.S. Xpress Deploys SkyBitz Trailer Tracking
U.S. Xpress Enterprises is adopting tracking technology from SkyBitz to help boost its trailer utilization, the companies said in a statement.
March 10, 2015Emergency Funds Go to Mississippi to Help Restore Roads After Severe Winter
U.S. Transportation Secretary Anthony Foxx has announced that Mississippi will receive $500,000 in emergency relief funds to pay for road damage from severe winter rainfall that started in mid-February.
Westport’s Loss Narrows for 4Q, Year
Natural gas-technology provider Westport Innovations Inc.’s fourth-quarter and full-year losses narrowed as results from its joint venture with engine maker Cummins Inc. improved.
UPS Moves Away From Loving Logistics
UPS is abandoning the slogan ‘We Love Logistics’ in favor of ‘United Problem Solvers’ in a new advertising campaign to highlight its other services.
March 10, 2015Forward Air Completes Towne Acquisition
Forward Air Corp. said March 9 it has completed its $125 million acquisition of Towne Air Freight.
Daphne Jefferson Named FMCSA Deputy Administrator
Daphne Jefferson was named deputy administrator at the Federal Motor Carrier Safety Administration in February, succeeding Bill Bronrott, according to a letter from the agency’s acting administrator obtained by Transport Topics.
Diesel Price Increase Slows as National Average Edges Up 0.8¢ to $2.944
Diesel’s pump price increase slowed as the fuel’s national average rose 0.8 cent to $2.944 a gallon, while gasoline’s increase also decelerated, the Department of Energy reported.
Con-way Mechanics Reject Union Representation in Indiana
Mechanics at the Con-way Freight facility in Gary/Hammond, Indiana, rejected a vote to be represented by the International Association of Machinists and Aerospace Workers union.