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.
Letters: Brokers & 3PLs, EOBR Mandate
The broker/3PL is filling an unmet need, and that is, they provide simplicity, speed and convenience. It’s not too far-fetched to think that progressive LTL carriers can provide this unmet need, but they first have to understand what the customer wants and how to fulfill it.
April 19, 2013Hub Group Reports Record 1Q Earnings
Hub Group Inc. late Thursday reported record first-quarter earnings on higher revenue at its intermodal, logistics and truck brokerage units.
April 18, 2013YRC, Machinists Reach Tentative Agreement
YRC Worldwide said it has reached a tentative agreement with the International Association of Machinists on a new contract.
April 18, 2013Most Truck Drivers Use Truck-Specific Navigation, ATRI Study Says
The majority of truck drivers who use navigation systems use those intended for truck use, but almost a third use systems meant for passenger cars, the American Transportation Research Institute said.
April 18, 2013East, Gulf Coast Port Operators Ratify Contract
The United States Maritime Alliance, whose members operate East Coast and Gulf Coast ports, said it approved a 6-year contract with the International Longshoremen’s Association.
April 18, 2013Union Pacific’s 1Q Profit Rises 11%
Union Pacific Corp. said Thursday its first-quarter profit rose 11%, as higher prices drove freight revenue up.
April 18, 2013Port of Charleston’s Container Volume Reaches Five-Year High
The Port of Charleston, S.C., said its container volume rose to a five-year high for the first nine months of its fiscal year — from July through March.
April 18, 2013Leading Economic Indicators Fall for First Time in Seven Months
An index of leading economic indicators fell 0.1% in March, the first decline in seven months, the New York-based Conference Board said Thursday.
April 18, 2013Philadelphia Manufacturing Activity Expands at Slower Pace
Manufacturing activity in the Philadelphia region expanded at a slower pace in April, the Federal Reserve Bank of Philadelphia said Thursday.
April 18, 2013Initial Jobless Claims Rise for Week
Initial jobless claims rose 4,000 last week, the Labor Department said Thursday.
April 18, 2013