Business

About Business News...

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.

Business

Work Begins on $1 Billion Bridge to Upgrade Long Beach Port Access

A pair of announcements about developments at the nation’s two largest ports holds the promise of helping southern California truckers.

January 14, 2013
Business

Washington Rumors Grow Over LaHood’s Future at DOT

A spate of pre-inaugural Cabinet announcements and a story in a Capitol Hill insider publication last week fed the Washington rumor mill’s speculation surrounding the future of Transportation Secretary Ray LaHood.

January 14, 2013
Business, Fuel

U.S. Diesel Average Dips 0.7¢ to $3.911 a Gallon

The U.S. retail diesel average declined 0.7 cent to $3.911 a gallon last week, the sixth straight decrease, the Department of Energy reported.

January 14, 2013
Business, Equipment

Cummins Sets Executive Changes to Engine Business

Cummins Inc. on Friday announced the appointment of two longtime leaders of its engine unit to run key business operations within that division.

January 11, 2013
Business

ABF, Teamsters Continue Negotiations on New Contract

The Teamsters union and ABF Freight System held negotiations in Kansas City, Mo., this week, and talks will continue into next week to reach a labor agreement between the two parties, the union said.

January 11, 2013
Business

ATA Names 2013-2014 America’s Road Team

American Trucking Associations this week named 19 truck drivers to represent the industry as the 2013-2014 America’s Road Team.

January 11, 2013
Business

Chamber of Commerce President Calls for Higher Gas Tax

U.S. Chamber of Commerce President Thomas Donohue said it was time for an increase in the federal gasoline tax to help pay for infrastructure improvements, Reuters reported.

January 11, 2013
Business

Teamsters, Costco Reach Tentative Three-Year Agreement

The Teamsters union said it has reached a tentative three-year agreement with retail giant Costco.

January 11, 2013
Business, Logistics

CN Opens New Calgary Intermodal Facility

Canadian National Railway Co. has opened a new intermodal terminal in Calgary, Alberta, a key transfer point from the Canadian ports of Prince Rupert and Vancouver and major U.S. and Canadian cities.

January 11, 2013
Business

PierPass Launches Campaign to Boost Efficiency at So. Calif. Ports

PierPass Inc. announced an education campaign to remind trucking companies to have proper information before dispatching drivers to the ports of Los Angeles and Long Beach, Calif.

January 11, 2013