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, Safety

N.H. Eyes Strengthening Weight Rules

New Hampshire officials say the state’s low fines for overweight trucks do little to curtail heavy loads, which cause long-term damage to bridges and highways, the Associated Press reported Monday.

August 13, 2007
Business, Government

UPS Seeks to Change Union Pension Fund

UPS Inc., the nation’s largest single employer of Teamsters, said it is proceeding in talks with a union-related pension plan that could result in the parcel giant’s withdrawing from the multi-employer funds that cover current and retired union members.

August 13, 2007
Business, Safety, Government

‘Soft’ Market Trims 2Q LTL Profits

Less-than-truckload carriers struggled during the second quarter to strike a balance between soft pricing and declining tonnage, with most large publicly traded carriers reporting lower profits than a year earlier.

August 13, 2007
Business, Fuel, Safety, Government

Oberstar Proposes Bridge Repair Fund

The chairman of the House Transportation Committee last week called for a special bridge-repair fund, following the Interstate 35W bridge collapse in Minneapolis, and said a temporary federal fuel tax increase was among the options to pay for it.

August 13, 2007
Business, Fuel, Safety, Government

Oberstar Proposes Bridge Repair Fund, Says Fuel Tax Hike an Option to Pay for It

The chairman of the House Transportation Committee last week called for a special bridge-repair fund, following the Interstate 35W bridge collapse in Minneapolis, and said a temporary federal fuel tax increase was among the options to pay for it.

August 13, 2007
Business, Fuel, Safety, Government

Oberstar Proposes Bridge Repair Fund, Says Fuel Tax Hike an Option to Pay for It

The chairman of the House Transportation Committee last week called for a special bridge-repair fund, following the Interstate 35W bridge collapse in Minneapolis, and said a temporary federal fuel tax increase was among the options to pay for it.

August 13, 2007
Business, Government

Parcel Giant Switching to Containers on Flatcars

UPS Inc., in order to reduce costs and improve its scheduling, is switching to sending containers on flatcars by rail and moving away from shipping trailers on flatcars.

August 13, 2007
Business

Beckham Promoted to CEO of USA Truck

Truckload carrier USA Truck, Van Buren, Ark., said Friday that it has appointed Cliff Beckham its president and chief executive officer.

August 10, 2007
Business, Government

Import Prices Rise 1.5% in July

The price of goods imported to the United States rose for a sixth straight month in July, on higher oil costs, the Labor Department reported Friday.

August 10, 2007
Business

Bush Opposes Gas Tax Hike to Fund Bridge Repairs

President Bush said Thursday that he was opposed to funding bridge repairs by raising the federal gasoline tax, as proposed Wednesday by Rep. James Oberstar (D-Minn.), the Associated Press reported.

August 10, 2007