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.
UniGroup Announces New Logistics Company
Transportation provider UniGroup Inc. has introduced a new logistics company, UniGroup Worldwide Logistics.
August 8, 2011iTECH: Load Board Scams Bilk Fleets
Truckers and freight brokers who use freight-matching Internet load boards would do well to remember that in cyberspace, things are not always as they appear.
August 8, 2011Exxon, Shell Post Higher 2Q Profits
The world’s two largest oil companies reported multi-billion-dollar second-quarter profits, up from a year ago, on higher crude oil prices.
August 8, 2011Post Office Loses $3.1 Billion in Third Quarter
The U.S. Postal Service said it lost $3.1 billion in its fiscal third quarter ended in June, compared with a $3.5 billion loss a year ago.
August 8, 2011Oil Falls to Near $83 a Barrel
Oil fell to an almost eight-month low near $83 a barrel in early trading Monday, following Friday’s downgrade of a U.S. credit rating, Bloomberg reported.
August 8, 2011Rookie Represents Family’s Third Generation to Compete in ATA’s ‘Super Bowl of Safety’
Tim Bailey Jr. will be the third generation of Baileys representing West Virginia in the National Truck Driving Championships and National Step Van Driving Championships this week in Orlando, Fla.
August 8, 2011Senate Legislation Would Make It Easier For States to Raise Truck Weight Limits
States would have an easier time permitting trucks weighing up to 100,000 pounds on interstate highways under a U.S. Senate bill introduced last month, its sponsor said.
August 8, 2011Daimler Downloads TruckerNet for BlackBerrys
Daimler Trucks North America has announced the availability of its TruckerNet commercial driver support application for BlackBerry devices.
August 8, 2011Threat to End Federal Fuel Taxes Concerns Transportation Officials
Faced with the expiration in September of federal transportation taxes on gasoline and diesel fuel, highway advocates say they are increasingly worried that the anti-tax, anti-government rancor that characterized the debt ceiling battle could endanger the nation’s transportation system.
August 8, 2011Broker Echo Global Logistics in Expansion Mode, CEO Says After 11th Deal Since 2007
Freight brokerage firm Echo Global Logistics is involved in an expansion strategy through acquisition, the CEO of the Chicago-based company said in an interview.
August 8, 2011