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.
Schneider Raises Van Truckload Driver Pay
Schneider has raised van truckload driver pay by 8-13% in mileage and bonus pay, after increases for tanker and dedicated account drivers.
October 8, 2014UPS Expands Backup Package Drop-Off Service
UPS Inc. said it is expanding its backup package drop-off service, Access Point, to all major U.S. metropolitan areas by 2015.
October 8, 2014Shift Freight Appoints New President
Less-than-truckload carrier Shift Freight said it has appointed Joe Bartone president of the Santa Fe Springs, California-based firm.
October 8, 2014Holiday Sales Seen Rising 4.1% on Employment Gains
U.S. retail sales this holiday season may rise the most in three years as the improving employment picture gives more shoppers the means to splurge on gifts, the National Retail Federation said.
October 7, 2014UPS Buys i-parcel to Add Web Capabilities
UPS Inc. said it has purchased i-parcel to enhance management of fast-growing Internet purchases on an international basis.
October 7, 2014OOIDA Asks Court to Review Calif. GHG Truck Regs
The Owner-Operator Independent Drivers Association has asked an appeals court to review a U.S. Environmental Protection Agency waiver allowing California regulators to proceed with enforcement of the state’s strict greenhouse gas-emissions reduction rule for heavy-duty trucks based or doing business in California.
DOE Lowers 4Q Diesel-Price Forecast to $3.68
Diesel’s fourth-quarter national average pump price will fall to $3.68 per gallon, the Department of Energy said Oct. 7, lowering its most recent forecast by 6 cents.
TransForce Extends Deadline for Contrans Purchase to Oct. 31
TransForce Inc. and Contrans Group Inc. said they have extended the expiration date for TransForce to acquire Contrans’ shares until Oct. 31.
Clean Energy to Open Three Nat-Gas Stations as Dillon Transport Converts Fleet
Clean Energy said it expects to open three public natural-gas stations as Dillon Transport continues to convert its fleet to natural gas-powered trucks.
October 7, 2014Cummins Westport Appoints New President
Cummins Westport Inc. said it has promoted Rob Neitzke to president from general manager of the construction segment of Cummins’ off-highway engine business.
October 7, 2014