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.

Business, Autonomous

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, 2010
Business, Logistics

Intermodal 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, 2010
Business

Jobless Claims Drop for Week

Initial jobless claims fell by 14,000 last week, the Labor Department said Thursday.

May 27, 2010
Business, Fuel

Oil 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, 2010
Business

FHWA 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, 2010
Business, Government, Safety

Opinion: 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, 2010
Business

New 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, 2010
Business, Autonomous

Medium 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, 2010
Business

Durable 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, 2010
Business

Teamsters 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