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.

Government, Business, Logistics

Shippers Cite Concerns on FMC Investigation of Ocean Carriers

A shipper group has expressed “profound disappointment” over a so-called fact-finding investigation by the Federal Maritime Commission into numerous U.S. importer and exporter complaints about “perceived malpractices” by ocean carriers that resulted in supply-chain service disruptions and rate and surcharge increases in late 2009 and 2010.

Eric Miller | Senior Reporter
December 13, 2010
Business

Big Snowstorm Moving East

A huge Midwest snowstorm worked its way east Monday, stranding more than 70 motorists in Indiana in freezing temperatures, the Associated Press reported.

December 13, 2010
Business

UPS to Require Identification for All Packages

UPS Inc. will require customers shipping packages to show government-issued photo identification in an effort to intensify security after explosives were found on October cargo flights, Bloomberg reported.

December 13, 2010
Business

Truck Orders Gain 148%

Orders for Class 8 trucks in North America soared to more than 26,000 in November, jumping at least 148% from a year ago and 38% from October, industry consultants said.

December 13, 2010
Business

Con-way Expanding San Antonio LTL Terminal

Con-way Freight said Monday it is investing $10 million to expand its San Antonio service center into a new, 105-door, 41,500 square foot facility.

December 13, 2010
Business

OEMs Confident of Meeting Growing U.S. Truck Demand

Truck manufacturers said they are prepared to boost production to meet increasing demand in 2011, although some experts warned shortages of key components could develop as suppliers struggle to keep up with what could be one of the strongest sales markets in years.

December 13, 2010
Business, Fuel

Diesel Premium to Remain in 2011, Analysts Predict

U.S. retail diesel has sold at a premium over gasoline throughout 2010, and petroleum market watchers said global competition for the trucking industry’s main fuel likely means that will not change any time soon.

December 13, 2010
Business, Technology

iTECH: No Middle Ground on Net Neutrality

Google’s recent move to forsake Net Neutrality — the premise that all content on the Web should be distributed evenhandedly — threatens to have serious consequences for trucking companies’ websites, especially if other Internet titans follow suit.

December 13, 2010
Business, Fuel

Oil Trading Near $90 a Barrel on High Demand

Oil traded near a two-year high close to $90 early Monday as a report showed continued high demand in China, Bloomberg reported.

December 13, 2010
Business, Technology

Opinion: Alternative Risk Transfer Options

Ensuring the safe delivery of every load should be a top priority in the trucking industry. Yet, even with the most sophisticated technologies and best risk-management techniques, bad things can happen to good people — or good carriers.

December 13, 2010