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

UPS, Teamsters Agree to Begin Contract Talks in September

The Teamsters union and UPS Inc. agreed this week to begin negotiations in late September on national UPS Inc. and UPS Freight contracts covering about 250,000 union members nationwide.

June 7, 2012
Business, Logistics

UTi Worldwide’s 1Q Profit Improves

UTi Worldwide’s fiscal first-quarter net income rose to $12.9 million, or 12 cents a share, from $8.7 million, or 8 cents, a year earlier.

June 7, 2012
Business, Logistics

Day Named CEO at American Fast Freight

Stephen Day was named CEO of American Fast Freight Inc., the logistics firm said.

June 7, 2012
Business, Logistics

Transervice Names New President

Dennis Schneider was named president of Transervice Logistics Inc., succeeding Edward Flannigan.

June 7, 2012
Business

Initial Jobless Claims Decline

Initial jobless claims fell last week, the Labor Department said Thursday.

June 7, 2012
Government, Business

Economy Growing at Moderate Pace, Fed Says

The U.S. economy grew at a moderate pace in April and May as manufacturing improved, and trucking and transportation activity were generally higher, the Federal Reserve said Wednesday.

June 6, 2012
Business, Fuel

Oil Rises for Third Day, Topping $85 a Barrel

Oil rose for a third day, topping $85 a barrel as supplies slipped and economic reports that signaled higher demand, Bloomberg reported.

June 6, 2012
Business

Roadcheck Inspections Kick Off at Maryland Event; Run Through Thursday

LANDOVER, Md. — The Commercial Vehicle Safety Alliance kicked off its 72-hour 2012 “Roadcheck” safety event Tuesday at FedEx Field here, with Maryland State Police inspectors pulling hundreds of trucks of all shapes and sizes off nearby Interstate 495 for comprehensive inspections.

Eric Miller | Senior Reporter
June 6, 2012
Government, Business

NTSB Wants 10-Year Driving Records for New Truck, Bus Drivers

The National Transportation Safety Board wants trucking companies to gather 10 years of driving records for newly hired drivers — an increase from the current three years that the board said does not allow carriers to make informed hiring decisions.

Timothy Cama | Staff Reporter
June 6, 2012
Business

1Q Productivity Decline Revised Downward

U.S. workers’ first-quarter productivity fell more than originally estimated, the Labor Department said Wednesday.

June 6, 2012