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.
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, 2014Loads 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, 2014Pending 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, 2014Jobless 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, 2014West 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, 2014Canadian 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, 2014Electric 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, 2014Minority 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, 2014Feds 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.
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.