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 Ground Sets 4.9% Rate Increase
FedEx Corp. said it will boost rates at its FedEx Ground and home delivery services by an average 4.9%, beginning in January.
November 30, 2012Congressmen See ‘Piecemeal’ Approach Boosting Trucking’s Natural Gas Use
ARLINGTON, Va. — Two congressmen said the most feasible way to pass legislation to boost trucking’s use of natural gas is a “piecemeal” approach, rather than comprehensive legislation.
Environmental Concerns Should be Balanced in Expanded Use of Natural Gas, Official Says
ARLINGTON, Va. — The trucking industry should balance environmental considerations with growth in use of natural-gas engines, the head of an environmental group said.
Higher Volumes Seen Boosting Development of Natural Gas Engines, Manufacturers Say
ARLINGTON, Va. — Executives from truck and engine makers said competition and higher production volumes will lead to cost reductions for natural gas trucks, which are more expensive than diesel models.
November 30, 2012Congressmen See ‘Piecemeal’ Approach Boosting Trucking’s Natural Gas Use
ARLINGTON, Va. — Two congressmen said the most feasible way to pass legislation to boost trucking’s use of natural gas is a “piecemeal” approach, rather than comprehensive legislation.
Icahn to Drop Oshkosh Takeover Bid if Support Falls Short
Investor Carl Icahn said he will drop his offer to buy Oshkosh Corp. if less than a quarter of shares are tendered by next week, Bloomberg reported.
November 30, 2012Chicago Manufacturing Activity Expands
Manufacturing activity in the Chicago area expanded for the first time in three months, the Institute for Supply Management-Chicago said Friday.
November 30, 2012Retrofits Contingent on Lower Natural Gas Prices, Execs Say
ARLINGTON, Va. — Executives of companies that manufacture and install natural-gas conversion systems in existing heavy trucks said that their future business was reliant on natural gas prices staying cheaper than diesel fuel.
Maryland DOT Official to Head FHWA’s Office of Freight Management
Caitlin Rayman an official at the Maryland Department of Transportation has been tapped to direct the Federal Highway Administration’s Office of Freight Management and Operations.
November 30, 2012Intermodal Traffic Gains 1.9% for Week
U.S. rail intermodal traffic rose 1.9% last week over the same week a year ago, the Association of American Railroads said.
November 30, 2012