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.
FedEx Freight to Boost Rates 3.9%
FedEx Corp. said its subsidiary less-than-truckload unit FedEx Freight will increase its rates by an average of 3.9%.
March 4, 2014House Bill Would Establish Import Fee for Port Infrastructure
A bill introduced in the House would repeal the current fee imposed on shippers to import goods at ports and replace it with one that applies to all imports.
March 4, 2014Vancouver Port Truckers Vote to Authorize Strike
The union representing truck drivers at Port Metro Vancouver said 400 of its members will strike the evening of March 5.
March 4, 2014Ritchie Bros Reports Fourth-Quarter Profit
Ritchie Bros. Auctioneers said its fourth-quarter profit increased from a year ago on higher auction revenue.
March 4, 2014Cummins Westport Recalls 25,000 Nat-Gas Engines
Cummins Inc. and Cummins Westport Inc. are recalling 25,013 natural gas-fueled engines due to a weather sensor problem that could cause flames in the exhaust pipes.
March 3, 2014Construction Spending, ISM Manufacturing Index Rise
Construction spending rose in January, led by private building, the Commerce Department reported March 3.
March 3, 2014Vocational Tire Sales Depend on Economy
National sales data for off-road tires aren’t available because, compared with on-road tires, so few are produced.
Mike Parra Named Head of DHL Express US
Germany-based parcel carrier DHL Express said it has appointed Mike Parra to be CEO of its United States operations.
March 3, 2014Trillium, AmpCNG Open Public CNG Station in Orlando
Officials with Trillium CNG and its partner AmpCNG gathered with state and local government leaders Feb. 27 to open a new fast-fill compress natural gas fueling station in Orlando, Fla., that is open to the public.
March 3, 2014Dealing With Tire Inflation Problems
As with on-road tires, incorrectly inflated vocational tires can be problematic — and so can mismatched tires.