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.
ATD Announces 6 Finalists for Dealer of Year Award
Six finalists for the 2015 Truck Dealer of the Year award were announced Nov. 13.
November 13, 2014UPS Outlines 2015 Earnings Forecast
UPS Inc. said it expects to earn $5.45 to $5.70 per share in 2015, up 10% to 15% from this year’s adjusted results, and that revenue will rise 5% to 6% over 2014.
Freight Transportation Index Rises to Record High for Second Month
The Department of Transportation’s freight transportation services index rose to an all-time high for a second consecutive month, DOT announced Nov. 13.
November 13, 2014Dunn Steps Down as President of Oregon Trucking Associations
Debra Dunn has stepped down as president of the Oregon Trucking Associations and is being replaced on an interim basis by Bob Russell, OTA’s former legislative affairs director.
Rogoff: Invest in Resilient Infrastructure
Transportation infrastructure needs to be built more sturdily and in safer locations in order to withstand the pounding from changing climate, and failure to do so could result in wasteful spending, a U.S. Department of Transportation official told a transport conference in South Carolina.
Horizon Lines Sells Business in Separate Transactions
Horizon Lines Inc., based in Charlotte, North Carolina, said it has agreed to sell the bulk of its business to Matson Inc.
Elliott Nominated for Second STB Term
Daniel Elliott III, chairman of the Surface Transportation Board, will be nominated by President Obama to serve another term as a member of the rail freight regulatory agency.
November 13, 2014FedEx Freight, Con-way Freight Workers Reject Teamsters
Workers at a FedEx Freight terminal and a Con-way Freight terminal voted against Teamsters representation, impeding the union’s organizing drive.
November 13, 2014Maersk Profit Rises on Container Volume Gain, Cost Drop
A.P. Moeller-Maersk A/S, operator of the world’s biggest container line, said third-quarter profit increased as it cut costs and boosted box volumes.
November 13, 2014Jobless Claims Rise by 12,000
Applications for U.S. unemployment benefits rose more than forecast last week, representing a pause from a recent run of readings close to a 14-year low.
November 13, 2014