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.
New Home Sales Were Little Changed in September
Purchases of new houses in the U.S. rose in September, and revisions showed the magnitude of the unfolding recovery was more modest.
October 24, 2014Congestion Costs Escalating for Nation, New Infrastructure Report Says
Congestion on the nation’s highways will cost Americans $276 billion annually by 2020, according to a new report from the BlueGreen Alliance, a coalition of labor and environmental groups.
Con-way Freight Sets 4.7% Rate Increase
Con-way Freight said it will boost rates by an average 4.7% for noncontractual business, effective Oct. 27.
Goodyear to Begin Fleet Testing of Air Maintenance Technology
Goodyear Tire & Rubber Co. said it will begin testing its air maintenance technology for commercial vehicles on trucking fleets in the next few months.
L.A. Port Chief Predicts Movement in Contract Talks
Contract negotiations between West Coast port operators and dockworkers are progressing toward a tentative agreement in November, the head of the Port of Los Angeles said.
October 24, 2014UPS’ 3Q Income Improves
UPS Inc.’s third-quarter profit rose from a year ago and the company said it expects its December shipments to rise 11%.
Kenworth T880 to Transport 50th Anniversary U.S. Capitol Christmas Tree from Minnesota to Washington, D.C.
A specially-decorated Kenworth T880 will be transporting the 50th Anniversary U.S. Capitol Christmas Tree from Minnesota to Washington, D.C., with stops at more than 30 community celebrations.
October 24, 2014Swift Posts Higher 3Q Profit
Swift Transportation Co. said its third-quarter net income climbed to $50.2 million, or 35 cents per share, from $30 million, or 21 cents, a year earlier.
Forward Air’s 3Q Income Improves
Forward Air Corp.’s third-quarter net income rose to $16.7 million, or 54 cents a share, from $14.2 million, or 46 cents, a year ago.
Intermodal Rail Traffic Rises 5.4% This Year
For the first 42 weeks, U.S. intermodal volume has increased 5.4% from the same period last year, to 10.9 million units, the Association of American Railroads reported.
October 24, 2014