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.
August Truck Sales Rise 28.4%
Class 8 truck sales leaped 28.4% in August from a year ago to 19,627, the biggest percentage gain in two years, WardsAuto.com reported.
September 22, 2014Editorial: Millions of Jobs Well Done
A recent string of events leads to one large conclusion. We told you last month of truck drivers working diligently to get to Pittsburgh so they could compete for industry honors. Then there was Labor Day, followed quickly by National Truck Driver Appreciation Week.
September 22, 2014Brad Bentley Named President Of the Truckload Carriers Assn.
Alabama publishing executive Brad Bentley has accepted the presidency of the Truckload Carriers Association and will begin in the position Oct. 13, both parties confirmed last week.
September 22, 2014A Con-way Freight Terminal Joins Union; Teamsters Ramp Up LTL Organizing Bid
Con-way Freight workers in Laredo, Texas, have become the first workers at the less-than-truckload carrier to be represented by a union, and additional Teamsters organizing efforts are advancing at three of the carrier’s Southern California terminals.
September 22, 2014Celebrations Highlight Appreciation Of Nation’s 3.2 Million Truck Drivers
It was not unusual to find fleet executives flipping burgers, basting chicken or slicing steak for fajitas in terminals across the country last week in honor of National Truck Driver Appreciation Week.
September 22, 2014FMCSA Delays Expected Publication Dates for Minimum Insurance, Speed-Limiter Rules
Federal regulators have moved back by nearly a month their projected announcements of two proposed rules, one to raise the minimum insurance requirement for interstate motor carriers and the other requiring speed limiters on new heavy trucks, a new Department of Transportation report said.
September 22, 2014McLeod Works to Speed Data Flow Through New Software Functionality
OXON HILL, Md. — McLeod Software said it is working to streamline the movement of data to help trucking and third-party logistics customers operate more efficiently.
September 22, 2014FedEx’s 1Q Earnings Gain 24%; Profit Margins Rise at All Units
FedEx Corp. last week reported that fiscal first-quarter net income rose 24% to $606 million, or $2.10 per share, driven by stronger growth at the Freight, Ground and Express units.
September 22, 2014UPS Expands Into Brokerage to Tap Fast-Growing Sector
UPS Inc. said it is pursuing an expansion of truck brokerage through its Freight unit, adding new capabilities in a fast-growing sector where the company does not currently have a major presence.
September 22, 2014DOT Urged to Create Office to Help Promote Use of P3s
A report by a House transportation panel recommended establishing a new office at the U.S. Department of Transportation to help states and localities have better access to private capital to fund large-scale infrastructure projects.
September 22, 2014