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 to Boost 2013 Holiday Hiring
FedEx Corp. said it will increase holiday hiring above 2012 levels in expectation of higher customer demand.
October 11, 2013Intermodal Rail Traffic Rises for 14th Consecutive Week
Intermodal rail volume for the week ended Oct. 5 rose 6.2%, from the same period last year, the 14th consecutive rise, the Association of American Railroads reported.
October 11, 2013Bill Seeks Evaluation of TWIC Program
Rep. Sheila Jackson Lee (R-Texas), has introduced legislation to require the secretary of the Department of Homeland Security to complete a “comprehensive security assessment” of the Transportation Worker Identification Credential program.
October 10, 2013TMC Transportation to Be Employee-Owned
TMC Transportation, based in Des Moines, Iowa, said it will distribute an unspecified amount of stock in the company to its 2,500 employees as part of a transition to employee ownership.
October 10, 2013UPS Expands Shipment Options to Mexico
UPS Inc. has expanded shipment options to Mexico with a discount door-to-door ground service and expanded preferred less-than container-load expedited ocean freight service.
October 10, 2013Knight Transportation Scales Back 3Q Earning Expectations
Citing a weak rate environment and squeezed productivity, Knight Transportation Inc. joined two large truckload carriers in scaling back third-quarter earnings expectations.
Jobless Claims Surge on Government Shutdown, Calif. Backlog
Jobless claims increased by 66,000 for the week ended Oct. 5, due in part to the federal government shutdown and California working through a backlog caused by a switch in computer systems, Bloomberg News reported.
October 10, 2013Comdata Launches Updated Fuel Payment Software
Comdata Corp. has launched an updated version of its FleetAdvance fuel payment software that allows for increased data analysis.
October 10, 2013Kenworth’s T880 Vocation Truck Available to Order
Kenworth’s T880 vocational truck, which made its debut at the Mid-America Truck Show in March, is available to order.
October 10, 2013DOE Lowers Diesel Price Outlook
Diesel fuel will average $3.93 a gallon this year, the Department of Energy said, lowering a previous forecast by 3 cents.
October 10, 2013