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.
GE Subsidiary Won’t Appeal Order Blocking Megaload Shipments
A General Electric Co. subsidiary has opted not to appeal a federal court injunction that barred it from shipping megaloads destined for Canadian oil and gas fields along a remote Idaho highway through Nez Perce tribal lands, Reuters reported.
October 31, 2013EBE Technologies Posts Increased Revenue for Fiscal 2013
EBE Technologies, a developer of business management applications for the transportation industry, said its revenue increased in the 2013 fiscal year, the fifth consecutive year of revenue improvement.
October 31, 2013Congressmen Want to Suspend HOS Restart Changes
A bipartisan trio of House members have introduced a bill to delay the latest changes to the 34-hour restart provision of the hours-of-service rule for truck drivers until a study of the changes is completed.
UPS Debuts Route-Optimization Software Orion
UPS Inc. has launched route optimization software known as Orion, or On-Road Integrated Optimization and Navigation, and said it will improve 10,000 delivery routes by the end of the year.
October 31, 2013Jobless Claims Decline by 10,000 as California Clears Backlog
Jobless claims declined by 10,000 for the week ended Oct. 26 as backlogs in California cleared after a switch in computer systems, Bloomberg News reported.
October 31, 2013Westport to End Orders for 15L Nat-Gas Engine in November
Westport Innovations Inc. will stop taking customer orders for its 15-liter liquefied natural gas engines in November, the company said in its Oct. 30 earnings report.
October 31, 2013ABF Teamsters Accept Contract After Strike Authorization Vote Fails
The Teamsters union said its committee for negotiating the contract with ABF Freight System Inc. voted to accept the carrier’s offer for the last remaining provision in the contract after Central Region workers voted against authorizing a strike.
October 30, 2013Con-way’s Third-Quarter Profit Rises
Con-way Inc. reported a higher third-quarter profit than the same quarter last year, and revenue was little changed.
October 30, 2013Roadrunner’s 3Q Profit Jumps 34%
Roadrunner Transportation Systems’ third-quarter profit rose 34% on growth in its truckload, less-than-truckload and specialized-segment operations, and on acquisitions.
October 30, 2013Fleet Payment Firm Wex Reports Increased 3Q Income
Fleet payment-processing company Wex Inc. said its third-quarter profit rose from a year ago.
October 30, 2013