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.
Quality Carriers Expands With Houston Terminal
Quality Carriers Inc. said it has expanded its operations by adding a new terminal in the Houston market, due to an expanding natural gas market.
March 21, 2014February Trailer Orders Jump 67.6%
February trailer orders jumped 67.6% from a year ago as fleets moved forward with equipment purchasing plans amid tightening capacity and higher freight demand, ACT Research reported.
Cargo Being Diverted as Vancouver Strike Continues
Shippers are diverting cargo from Port Metro Vancouver as a labor dispute enters its third week, even as truck operations at Canada’s largest have picked up despite an ongoing truckers’ strike.
Ocean Shipper Horizon Lines Reports 4Q Loss
Ocean shipper Horizon Lines reported a fourth-quarter loss of $14 million, or 36 cents a share, compared with a loss of $17.9 million, or 52 cents, a year earlier.
March 21, 2014Intermodal Rail Traffic Jumps 11.9% for Week
U.S. rail intermodal traffic increased 11.9% in the week ended March 15 compared with the same week last year, the Association of American Railroads reported.
March 21, 2014Biglari Holdings Buys Trucking Insurer First Guard
Biglari Holding Inc. said it has acquired commercial trucking insurer First Guard Insurance Co. Terms were not disclosed.
March 21, 2014Bridgestone Names President of U.S., Canada Operations
Bridgestone Americas Tire Operations said March 20 it promoted Kurt Danielson to president of its U.S. and Canada commercial tire sales.
March 21, 2014FMCSA Amends Weight Definition
The Federal Motor Carrier Safety Administration amended its definition of “gross combination weight rating” to clarify enforcement practices when single-unit trucks are towing trailers.
Judge Halts Oregon Information Swap System
An Oregon Circuit Court judge has halted the state’s practice of trading Department of Motor Vehicles records for website and computer services because the system shortchanges funding for road work.
Nafta Trade Value Rises 2.6% in 2013
U.S. trade with Canada and Mexico increased by 2.6% last year over 2012, with exports growing more strongly than imports, the U.S. Bureau of Transportation Statistics reported March 20.
March 20, 2014