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.
U.S. Warehouse Study Finds Wide Range of Operating Costs
U.S. warehouse operating costs last year varied widely, ranging from the most expensive in the San Jose, Calif., area to the lowest price in Sioux Falls, S.D., a new study found.
January 14, 2011Intermodal Traffic Rises 8.6% for Week
Intermodal traffic rose 8.6% in the week ended Saturday compared with the first week of 2010, the Association of American Railroads reported.
January 14, 2011Fuel Economy, Driver Issues Lead Fleets to Automatic Transmissions, Study Finds
Concerns about fuel efficiency and the need to attract new drivers to the industry continue to put pressure on heavy- and medium-duty fleets in North America and Western Europe to adopt manual automated and fully automatic transmissions for their vehicles, according to a study from consulting firm Frost & Sullivan.
January 13, 2011Odyssey Logistics & Technology Acquires Optimodal Inc. to Add Intermodal Option
Third-party logistics provider Odyssey Logistics & Technology Corp. said Jan. 11 it has acquired Optimodal Inc. to expand intermodal service options in North America for containerized chemicals shipments.
January 13, 2011Garmin Unveils New Trucker GPS Units
Satellite navigation provider Garmin Inc., Olathe, Kan., on Jan. 9 unveiled its latest navigation handheld device for truck drivers.
January 13, 2011Transport America Buys Southern Cal Transport
Transport America said it has acquired Birmingham, Ala.-based truckload carrier Southern Cal Transport. Terms were not released.
January 13, 2011QualaWash Acquires PSC
Tanker-cleaning service QualaWash Holdings LLC said it acquired PSC Container Services for an undisclosed sum.
Con-way’s 4Q Income to Decline on Higher Health Costs
Con-way Inc.’s less-than-truckload Con-way Freight unit will report lower fourth-quarter earnings compared with a year ago due to higher healthcare costs, the company said Thursday.
January 13, 2011UPS Airlines President Retires
The president of UPS Inc.’s freight airline has retired after working for the company for 36 years.
January 13, 2011U.S. Trade Deficit Drops to 10-Month Low
The U.S. trade deficit fell to a 10-month low in November, the Commerce Department said Thursday.
January 13, 2011