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.
UPS Adds 50 Hybrid Trucks in Philadelphia Area
UPS Inc. said it has deployed 50 hybrid electric delivery trucks to its fleet in the Philadelphia area.
May 27, 2010Intermodal Traffic Grows for Week
Intermodal rail traffic rose last week but at a slower pace than recent weeks, the Association of American Railroads said Thursday.
May 27, 2010Jobless Claims Drop for Week
Initial jobless claims fell by 14,000 last week, the Labor Department said Thursday.
May 27, 2010Oil Takes Biggest Gain Since September
Oil rose almost $3 Wednesday to more than $71 a barrel — its biggest single-day gain since September — following several positive economic indicators, Bloomberg reported.
May 26, 2010FHWA Launches Congestion-Tracking Tool
The Federal Highway Administration said it has launched a new tool that tracks traffic chokepoints based on data from trucks.
May 26, 2010Opinion: Congress Should Tread Lightly With Brokers
As a former New York Department of Transportation regulator and a current player in the motor carrier transportation industry, I have followed the concerns voiced by members of the Owner-Operator Independent Drivers Association and the Transportation Intermediaries Association, which represents property brokers and other third-party intermediaries.
May 26, 2010New Home Sales Jump to Two-Year High
New home sales rose in April to a two-year high, the Commerce Department reported Wednesday.
May 26, 2010Medium Duties Show Fifth Straight Monthly Gain
Retail sales of medium-duty trucks totaled 19,991 units in April, a 7.9% increase from a year earlier, WardsAuto.com reported May 13.
May 26, 2010Durable Goods Orders Jump 2.9% in April
Durable goods orders rose 2.9% in April for the fourth gain in five months, the Commerce Department said Wednesday.
May 26, 2010Teamsters Reject 15% Wage Cut at ABF
The Teamsters union’s rank-and-file membership has rejected a proposed 15% wage cut at ABF Freight System, the two sides said.
May 25, 2010