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.
TWIC Cost Dips, But Delays Remain
The cost of obtaining a Transportation Worker Identification Credential has been slightly reduced, but applicants still face lengthy delays.
February 2, 2015FedEx Corp. Carries Vince Lombardi Trophy to Phoenix in Advance of Super Bowl XLIX
FedEx Corp. played an important role in the preparations for Super Bowl XLIX by delivering a key piece of hardware — the Vince Lombardi Trophy.
February 2, 2015Meritor to Designate Certified Repair Shops; Reports Strong Profits, Paccar Supply Deal
LAS VEGAS — Meritor Inc. said it is establishing a certificaton program for independent shops that sell and service its equipment.
February 2, 2015Diesel Average Drops 6.7¢ to $2.866
Diesel’s average pump price fell 6.7 cents to $2.866 a gallon, continuing its seven-month downward trend and the lowest price in almost five years, the Department of Energy reported.
February 2, 2015Obama’s Budget Will Boost Grant Funds to Promote Freight Movement, Foxx Says
WASHINGTON — President Obama’s upcoming budget request for the Department of Transportation will include parts of the four-year, $302 billion transportation plan the administration unveiled last year, Transportation Secretary Anthony Foxx told lawmakers.
February 2, 2015Cardinal Logistics Appoints Tom White as Chairman
Cardinal Logistics Management Corp. announced it appointed Tom White as executive chairman.
January 30, 2015FedEx Completes Genco Acquisition
FedEx Corp. has completed its acquisition of Genco Distribution System Inc., which it described as one of the largest third-party logistics providers in North America.
Jan. 30 Earnings Roundup: Paccar, Saia
Paccar Inc. and Saia Inc. reported higher fourth-quarter earnings.
January 30, 2015Economy Expands by 2.6% in Fourth Quarter
Gross domestic product grew at a 2.6% annualized rate after a 5% gain in the third quarter that was the fastest since 2003, Commerce Department figures showed Jan. 30 in Washington.
January 30, 2015Consumer Sentiment Rises to 11-Year High
American consumer confidence reached an 11-year high in January as a strengthening labor market and plunging gas prices kept households looking on the bright side.