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.
Parcel Carriers Work to Resolve Christmas Problems
Parcel carriers UPS Inc. and FedEx Corp. worked diligently in the days following Christmas to deliver packages that missed the promised Dec. 24 deadline.
December 30, 2013Daimler Trucks Expects Best Sales in 7 Years
Daimler AG said it expects its global truck sales in 2013 to exceed 2012’s figures, which would make it the best year for sales since 2006.
December 30, 2013XPO Closes Purchase of Landstar Freight Auction Site
XPO Logistics Inc. said it has closed its purchase of NLM, a Web-based freight auction site, from truckload carrier Landstar System Inc.
December 30, 2013TransForce to Buy Vitran’s Canadian Assets
Less-than-truckload carrier Vitran Corp. said it has agreed to be acquired by TransForce Inc., which outbid Manitoulin Transport Inc. for Vitran’s Canadian assets.
December 30, 2013Holiday Sales Rise 3.5% from Last Year
U.S. retail sales between Nov. 1 and Dec. 24 grew 3.5% over last year, helped by mall discounts and sales of jewelry and children’s clothing, according to industry analysis firm MasterCard Advisors.
December 27, 2013Year in Review: Regulatory Successes, Growth of Budget Highlight ‘Challenging Year,’ Graves Says
It many ways, 2013 was a good year for American Trucking Associations.
December 27, 2013Postal Service Rates to Temporarily Rise 6%
The U.S. Postal Service’s regulator has approved price increases amounting to 6% on most mail, news service reported.
December 27, 2013Rail Intermodal Volume Rises 6.4%
U.S. intermodal shipments by rail grew 6.4% in the week ended Dec. 21 compared with the same week last year, the Association of American Railroads reported.
December 27, 2013Group Requests Exemption from New Bond Level for All Brokers
The Association of Independent Property Brokers and Agents has asked the federal government to exempt all brokers from the new requirement that they each obtain surety bonds of at least $75,000.
December 27, 2013Jobless Claims Drop by 42,000 for Week
The number of Americans filing for jobless benefits fell 42,000 in the week ended Dec. 21, though holiday-season fluctuations make the data hard to interpret, the Labor Department said.
December 27, 2013