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.
House Panel Approves Hazmat Safety Bill with Requirement for Wetlines Retrofits
The House Transportation Committee last week approved a bill that would prohibit the transport of flammable liquids in unprotected product piping on new cargo tankers in two years and in existing tankers by the end of 2025.
November 23, 2009UPS Sets 4.9% Average Rate Hike for 2010
UPS Inc. will raise its 2010 rates for ground packages by an average 4.9%.
November 20, 2009Thanksgiving Holiday Automobile Travel to Rise 2.1%
Americans’ automobile travel of more than 50 miles from home will increase Thanksgiving weekend by 2.1% from last year, the motorists’ group AAA said.
November 20, 2009Penske Logistics Names Three Executives
Penske Logistics said it has promoted three employees to executive positions.
November 20, 2009Opinion: Optimize Routing and Assets
When large, corporate-owned fleets such as U.S. Foodservice and Wal-Mart Transportation were pressured by their owners to meet environmental sustainability goals even during the current faltering economy, it made the news.
November 20, 2009Intermodal Traffic Declines for Week
U.S. intermodal rail traffic fell 7.7% in the week ended Nov. 14 compared with the same week last year, the Association of American Railroads said.
November 20, 2009Clark’s 3Q Income Falls
Freight forwarder Clark Holdings said that its income fell to $134,000, or 1 cent per share, in the third quarter, compared with $523,000, or 5 cents, a year ago.
November 19, 2009Navistar Names Steve Ostarello VP of Powertrain Unit
Navistar International Corp. Thursday appointed Steve Ostarello to be vice president of its powertrain product development unit.
November 19, 2009YRC to Close Ohio Terminal
YRC Worldwide will close its terminal in Richfield, Ohio, and move operations to its other facilities in northeastern Ohio, the Akron Beacon Journal reported.
November 19, 2009Leading Economic Indicators Rise for Seventh Month
An index of leading economic indicators rose 0.3% in October, marking the seventh straight gain, the New York-based Conference Board said Thursday.
November 19, 2009