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.
Longshoremen Ratify 6-Year Contract at East and Gulf Coast Ports
Workers at East Coast and Gulf Coast ports have ratified a new six-year contract, the International Longshoremen’s Association said.
April 10, 2013Daimler CEO Sees Mixed Outlook for Trucks
Daimler Trucks increased its market share in the first quarter, although its wholesale shipments decreased by 6%, Daimler AG CEO Dieter Zetsche said Wednesday.
April 10, 2013Oil Slips Following DOE Inventory Report
Oil fell Wednesday following a Department of Energy report that showed supplies rose last week, Bloomberg News reported.
April 10, 2013Transportation Software Firm Merges With Transite Technology
Transportation software company 3Gtms said it has merged with Transite Technology, a logistics software provider. Terms were not disclosed.
April 10, 2013FedEx Custom Critical Launches New Monitoring Service
FedEx Custom Critical said it is launching a new monitoring system called ShipmentWatch, which enables it to monitor a package’s location, temperature, light exposure and humidity.
April 10, 2013DOE Holds 2013 Diesel Price Forecast at $3.90
The Department of Energy held its 2013 diesel-price forecast at $3.90 per gallon and said trucking’s main fuel will average $3.80 next year.
April 9, 2013Penske Logistics Upgrades Data Center
Penske Logistics said Tuesday it has completed a multimillion-dollar upgrade to its data center that serves all of its supply chain customers.
April 9, 2013Kansas Gov. Wins Control of Turnpike
The Kansas legislature has passed a measure initiated by Gov. Sam Brownback (R) that puts the secretary of transportation in charge of operations at the Kansas Turnpike, although the bill stipulates that turnpike toll revenue cannot be shifted to the Department of Transportation.
Texas High-Speed Toll Road Traffic Lower Than Expected
The Texas toll road with the country’s fastest speed limit, 85 mph, has drawn half as many drivers as expected in its first few months, the San Antonio Express-News reported.
April 9, 2013Mass. House Passes Transportation Bill
The Massachusetts House approved a transportation finance bill late Monday that would raise the state’s gas tax by 3 cents a gallon and calls for $500 million in new taxes, the Associated Press reported.
April 9, 2013