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.
IANA Says Preliminary Totals Show 4.8% Intermodal Volume Increase
The Intermodal Association of North America said preliminary 2014 totals showed a record 16.3 million truck-rail shipments handled, a 4.8% increase over the previous mark set in 2013.
January 21, 2015FedEx Defeats Teamsters at Two W.Va. Terminals
FedEx Freight said drivers at West Virginia terminals in Charleston and Parkersburg rejected Teamsters representation, marking the union's latest defeats in the ongoing organizing battle.
January 21, 2015Mercedes-Benz to Unveil Midsize Van
Mercedes-Benz Vans is slated to introduce the Metris midsize van to the U.S. market at The Work Truck Show in March, host organization NTEA announced.
January 21, 2015Sen. Inhofe: ‘We Need to Have At Least’ a Five-Year Transportation Bill
Sen. James Inhofe (R-Okla.), chairman of the transportation policy-writing Environment and Public Works committee, said he will ask senators to consider a variety of funding proposals to advance a five-year highway bill this year.
Weekly Intermodal Traffic Declines for First Time in 11 Months
U.S. rail intermodal traffic dropped for the first time in 11 months, the Association of American Railroads reported Jan. 21.
January 21, 2015I-75 Reopens in Cincinnati, Allowing Freight to Move Normally
Interstate 75 in Cincinnati is reopened in the heart of the city with freight and other traffic moving normally.
Diesel Falls Below $3 a Gallon for First Time Since 2010
The average price of U.S. diesel fell for the 10th week in a row, with the 12-cent decline Jan. 19 taking trucking’s main fuel below the $3-per-gallon level for the first time September 2010.
Housing Starts Rise in December to Finish Best Year Since 2007
New residential construction in the U.S. rose more than forecast in December, capping the best year since 2007 and signaling the industry will probably keep expanding this year.
Radiant Logistics to Acquire Wheels Group
Radiant Logistics Inc. said it will acquire Canadian third party logistics firm Wheels Group for C$69 million ($57 million).
January 21, 2015Obama to Congress: ‘Pass a Bipartisan Infrastructure Plan’
In his State of the Union address Jan. 20, President Obama sought to reassure Americans that his administration is determined to finance big-ticket infrastructure projects with Congress’ help to boost key industries such as trucking and construction.