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.
Canadian National Workers Set Strike Vote
Unifor, a labor union that represents about 4,800 workers at Canadian National Railway, said it will begin strike votes next week after five months of talks failed to produce an agreement.
February 20, 2015Universal Truckload Earnings Drop 7% in 4Q
Universal Truckload Services Inc. said fourth-quarter net income fell 7% to $10.5 million, or 35 cents per share, as profits fell at its logistics business.
February 20, 2015Ryder to Train Maintenance Workforce on Nat Gas Tech
Ryder System Inc. said it has begun an online natural gas truck training program for its 6,000 North American maintenance employees.
February 20, 2015US Oil Workers Reject Shell's Contract Offer Prolonging Strike
The United Steelworkers, representing more than 30,000 U.S. oil workers, instructed members to reject a seventh labor contract offered by Royal Dutch Shell Plc as the biggest refinery strike since 1980 dragged on.
Dana Earnings Rise, Helped by Tax Benefit
Trucking industry supplier Dana Holding Corp. announced that fourth-quarter net income more than doubled to $109 million, or 65 cents per share, helped by a tax benefit.
February 20, 2015Class 8 Registrations Rise in 2014 to Highest Level in Eight Years
Registrations of new Class 8 trucks rose in 2014 to the highest level in eight years as rising freight demand continued to spur investments in new equipment, IHS Automotive reported.
February 20, 2015Anthony Foxx to Tout Infrastructure at D.C.’s Union Station
On Feb. 20, the secretary is scheduled to wrap up his weeklong regional tour where he will promote infrastructure spending at an event in Union Station in Washington, D.C.
Report: Hyundai to Enter US Commercial Heavy-Duty Truck Market
Hyundai Motor Co. said it will spend $1.8 billion by 2020 to expand its commercial-vehicle market share and enter the U.S. commercial heavy-duty truck market, Reuters reported.
February 19, 2015Type of Oil Car in West Virginia Fire May Be Rolling for Years
Oil tank cars like those that ruptured in a train derailment in rural West Virginia on Feb. 16, sending a massive fireball into the sky and forcing evacuation of nearby homes, could be rolling through U.S. cities for years to come.
Los Angeles Gasoline Rises to 17-Month High Following Blast
Wholesale gasoline in Los Angeles surged to the highest level in more than a year after an explosion at an Exxon Mobil Corp. oil refinery in Southern California.