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.
Blu Launches Lower-Cost LNG Fuel Tanks for Class 8 Trucks
Natural gas-fueling supplier Blu has launched a liquefied natural gas-fueling system for Class 8 trucks aimed at lowering the cost barrier for fleets to adopt the alternative fuel.
Maryland Tops List for Transportation Safety
Maryland topped a list of states that showed to have high transportation safety and enforcement performance standards, according to a new study unveiled by the American Transportation Research Institute.
September Tonnage Holds at Record, Rises 3.7% Year-Over-Year
Truck tonnage held at an all-time high in September, rising 3.7% from a year ago and capping the highest quarter on record, American Trucking Associations reported.
UPS to Raise Rates 4.9% for 2015
UPS Inc. said it will increase its rates an average of 4.9% for package, less-than-truckload and airfreight delivery, effective Dec. 29.
Werner Posts Higher 3Q Earnings
Werner Enterprises’ third-quarter profit climbed 22% from a year ago, with the truckload carrier citing “consistent strength” in freight demand.
Canadian Pacific Rail Misses Profit Estimates as Stock-Based Pay Rises
Canadian Pacific Railway Ltd., foiled in a bid to merge with CSX Corp., reported third-quarter profit that missed analysts’ estimates as the carrier spent more on stock-based compensation.
October 21, 2014Guardrail Maker Defrauded US of $175 Million and Created Hazard, Jury Says
Secret changes by Trinity Industries Inc. to its guardrail systems were found by a jury to have cheated the U.S. government, exposing the company to $1 billion in liability and sending shares plummeting as states question the safety of the product.
October 21, 2014Kansas City Southern’s Third-Quarter Income Rises
Kansas City Southern’s third-quarter net income rose to $138 million, or $1.25 a share, from $119 million, or $1.07, a year ago.
October 21, 2014Sales of Existing Homes Rise to One-Year High
Sales of previously owned U.S. homes rose in September to the highest level in a year, adding to signs that residential real estate will be a plus for the economy.
October 21, 2014Diesel Keeps Falling, Dropping 4.2¢ to $3.656
Diesel fell 4.2 cents, its biggest decline in a year and a half, to $3.656 a gallon, while gasoline continued its free-fall, the Department of Energy reported Oct. 20.