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.
July Truck Tonnage Rises 4.7%
Truck tonnage rose 4.7% in July from the same month last year, American Trucking Associations said.
August 20, 2013Diesel Rises 0.4¢ to $3.90 a Gallon, Gasoline Declines 1.1¢ to $3.550
Diesel rose modestly after two straight declines, rising 0.4 cent to $3.90 a gallon, while gasoline dropped 1.1 cents, the Department of Energy reported.
August 20, 2013Truck Freight Capacity Dips in June
Truck freight capacity dipped in June, reflecting a relatively weak freight environment, according to the FTR Associates’ Shippers Conditions Index.
August 20, 2013Ill. Interstate Speed Limit Raised to 70 MPH
Illinois Gov. Pat Quinn (D) signed into law legislation boosting the states rural interstate speed limit to 70 mph, the Associated Press reported.
August 20, 2013Railroad Involved in Quebec Crash Expects to Win Approval to Keep Operating
The railroad involved with last month’s railcar crash in Quebec that killed 47 people said it expects to win approval to keep operating, Bloomberg News reported.
August 20, 2013U.S. to Remain Key Driver for Growth, Says Largest Shipping Line
A.P. Moeller-Maersk A/S, owner of the world’s largest shipping line, said the United States will continue to be an important driver for growth, even as emerging markets show potential, Bloomberg News reported.
August 20, 2013YRC Subsidiary Back in Operation after Unauthorized Walkout
YRC Worldwide Inc.’s regional Reddaway less-than-truckload unit resumed normal operations on Monday after an unauthorized walkout by Teamsters at Southern California terminals in Fontana and Compton, the unit’s president said.
XRS, Samsung Collaborate on Dedicated Device for Trucking Industry
XRS said Monday it is working with Samsung to develop an integrated mobile device and software package designed for the trucking industry.
August 19, 2013XPO Completes Acquisition of 3PD
XPO Logistics said Monday it has completed its previously announced acquisition of supply chain services company 3PD Inc. for about $365 million.
August 19, 2013South Florida Ports Test Importing South American Fruit
Port Everglades in Fort Lauderdale, Fla., said state and federal agencies are finalizing a pilot program to import grapes and blueberries from Peru and Uruguay into Port Miami and Port Everglades starting in October.
August 19, 2013