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.
ABF Fights Concessions Given by Union to YRC
ABF Freight System launched a two-pronged offensive against Teamsters union labor concessions for YRC Worldwide, saying the breaks for YRC violate the terms of the National Master Freight Agreement and unfairly disadvantage ABF to the tune of $750 million.
November 8, 2010Mica Set to Lead House Transportation & Infrastructure Panel
The electoral wave that handed control of the House of Representatives to the Republicans also roiled the body’s transportation committee, ousting the panel’s current chairman and putting Rep. John Mica (R-Fla.) in position to lead the key committee.
November 8, 2010Diesel Price Remains Unchanged at $3.067
The U.S. retail diesel average remained at $3.067 a gallon last week, leaving the price virtually unchanged for three weeks, the Department of Energy reported.
November 8, 2010Virginia Plans Project to Add Truck Rest Areas on Interstates
Virginia will launch a pilot program this month to convert unused state property next to interstate highways into truck-only rest areas, Gov. Bob McDonnell (R) said.
November 5, 2010YRC’s Third-Quarter Loss Narrows
YRC Worldwide said Friday its third-quarter loss narrowed from a year ago, as tonnage improved sequentially from the second quarter.
November 5, 2010Navistar Boosting Production at Alabama Engine Plant
HUNTSVILLE, Ala. — Navistar Inc. showed off its new heavy-duty engine plant here this week, as truck dealers, stock market analysts and trucking reporters were taken on tours of the new plant that is boosting its output with a larger, 15-liter engine.
November 5, 2010Roadrunner Reports 3Q Profit
Roadrunner Transportation Systems, which went public in May, said its net income rose to $4.4 million, or 14 cents per share, compared with $100,000, or 1 cent, a year ago.
November 5, 2010Unemployment Rate Holds at 9.6%; Payrolls Rise
The U.S. unemployment rate was unchanged at 9.6% in October, while the number of jobs grew at the highest pace in five months and trucking jobs taking a slight upturn, the Labor Department said Friday.
November 5, 2010Third-Quarter Intermodal Volume Jumps 20.3%
Intermodal traffic volume rose 20.3% in the third quarter, led by a 28.1% jump in international containers, the Intermodal Association of North America said.
November 4, 2010Jacksonville Port Sets Container Record
The Jacksonville Port Authority said the port moved a record number of containers in fiscal year 2010, its second consecutive year of container growth.
November 4, 2010