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.
UPS Freight Teamsters Vote on New Five-Year Contract
The tentative agreement between UPS Freight and employees represented by the Teamsters went to a vote last week, seven months after the company’s original proposal was rejected by a wide margin.
January 13, 2014Union Rejects YRC Contract Extension, Jeopardizing Debt-Reduction Deal
The Teamsters union said employees at YRC Worldwide Inc. have turned down a contract extension proposal that the company said was critical to refi-nancing its debt and assuring long-term stability.
January 13, 2014Trucking Adds 100 Jobs as Unemployment Rate Drops to 6.7%
The U.S. trucking industry added 100 jobs in December compared with November as the overall unemployment rate dropped to 6.7%, the Labor Department reported Jan. 10.
January 10, 2014ATA Taps Dave Osiecki to be Top Lobbyist
American Trucking Associations has appointed Dave Osiecki to be its top lobbyist and lead its government affairs office after the departure of Mary Phillips.
January 10, 2014Hub Group, Orbcomm Sign Tracking Deal
Hub Group Inc. and Orbcomm Inc. signed an agreement that calls for installation of Orbcomm’s GT2300 tracking and monitoring system on the logistics companies’ containers.
January 10, 2014Wholesale Inventories Rise in November
Wholesale inventories rose 0.5% in November after a rise the prior month, the Commerce Department reported Jan. 10.
January 10, 2014YRC Teamsters Reject Contract Plan
Teamsters at YRC Worldwide Inc. rejected a contract extension that the company said was crucial to refinancing its debt and ensuring long-term stability.
Rail Intermodal Traffic Rises 4.8% for Week
U.S. intermodal shipments by rail grew 4.8% in the week ended Jan. 4 compared with the same week last year, the Association of American Railroads reported.
January 10, 2014Western Express Settles Lawsuit with Pilot Flying J
Truckload carrier Western Express has reached an out-of-court settlement of its $75 million rebate-fraud lawsuit filed last year against Pilot Flying J, Pilot’s attorney confirmed.
DOT Freight Transportation Index Rises to Record Level
The Department of Transportation’s freight transportation services index rose to record high in November, DOT said Jan. 9.
January 9, 2014