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.
Omnitracs Completes XRS Acquisition
Omnitracs has completed its previously announced acquisition of XRS Corp. for about $178 million.
November 3, 2014Teamsters Win N.J. Terminal Vote
Drivers at FedEx Freight’s terminal in South Brunswick, New Jersey, voted to become Teamsters in the latest round of a contentious union organizing battle.
November 3, 2014ArcBest Net Income Rises 40%
ArcBest Corp. reported its third-quarter net income rose 40% to $19.6 million, or 72 cents per share, powered by stronger results in the less-than-truckload and logistics business units.
November 3, 2014USA Truck Posts Highest Profit in Eight Years
USA Truck Inc. reported its most profitable quarter in eight years as revenue grew in the trucking and logistics segments.
November 3, 2014UPS Expands Cryogenic Shipping Options
UPS Inc. is expanding its cryogenic shipping option for health-care customers with real-time tracking and intervention options.
November 3, 2014Construction Spending Slips for Second Month
Construction spending fell 0.4% in September, the second straight decline, the Commerce Department reported Nov. 3.
November 3, 2014Manufacturing Activity Improves in October, ISM Reports
U.S. manufacturing activity rose in October, matching August as the highest level since March 2011, the Institute for Supply Management reported Nov. 3.
November 3, 2014TMC Meeting and Expo 2015 Theme to be “Fueling the Future”
American Trucking Associations’ Technology & Maintenance Council said the theme for its 2015 annual meeting and transportation technology exposition will be “Fueling the Future.”
November 3, 2014Union Slows Wash. Ports Cargo, Management Says
Negotiators representing West Coast ocean carriers and port terminal operators charged that the union representing dockworkers there has started “orchestrated slowdowns” at the Seattle and Tacoma, Washington ports.
November 3, 2014Telogis Receives Investment from GM
Telogis said it has received an equity investment from General Motors Co.’s venture capital subsidiary. Terms were not disclosed.
November 3, 2014