Business

About Business News...

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.

Business

Appeals Court Rules Some FedEx Ground Workers Are Employees

In the latest decision on worker status, a federal appeals court in California ruled that 2,300 workers at FedEx Corp.’s Ground unit were employees and not contractors to the package delivery company.

August 28, 2014
Business

Loads Decline 1.4% for Week, DAT Reports

The latest DAT report of posted van, refrigerated and flatbed loads declined 1.4%, and available capacity dipped 0.1%, during the week ended Aug. 23 from the previous week.

August 28, 2014
Business

Pending Sales of US Existing Homes Increase in July

Contracts to purchase previously owned homes rose more than forecast in July, a sign of renewed momentum in residential real estate.

August 28, 2014
Business

Jobless Claims Little Changed as Economy Strengthens

The number of Americans filing for unemployment benefits was little changed last week, near the lowest level in seven years as employers held on to staff in an improving economy.

August 28, 2014
Business

West Coast Port Negotiators Advance with Health-Care Deal

West Coast port labor talks have taken a step toward resolution with a tentative agreement on health care benefits that the parties called “an important part” of an overall contract.

August 27, 2014
Business

Canadian Ports Win as Ships Avoid US on Labor Concern

Prince Rupert, a remote port luring tourists with the slogan “Where Canada’s Wilderness Begins,” may want to consider a new motto: “Asia’s Gateway to Chicago.”

August 27, 2014
Business, Fuel

Electric Terminal Truck Completes Two-Week Demonstration

Orange EV said its retrofitted electric terminal truck completed a two-week demonstration at a Kansas intermodal facility.

August 27, 2014
Business

Minority USA Truck Holder Seeks Management Change

USA Truck Inc. minority shareholder, ADW Capital Partners, has called for the resignation of company CEO John Simone because progress in improving profits has been too slow.

August 26, 2014
Business, Safety, Government

Feds Sending Emergency Funds to Napa to Cover Road, Bridge Repairs

The federal government is sending $2 million in emergency road funds to the California Department of Transportation and local governments to help begin immediate repairs to roads and bridges damaged by the earthquake Sunday in the Napa Valley.

Michele Fuetsch | Staff Reporter
August 26, 2014
Government, Business, Safety

Carper to Tour Delaware Road Projects

Sen. Tom Carper said he will tour three transportation projects in Delaware on Aug. 28 to emphasize the importance of infrastructure in his state and what could be lost if a new surface funding plan is not passed soon.

Jonathan S. Reiskin | Associate News Editor
August 26, 2014