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.
Labor Secretary Takes Role in West Coast Port Stalemate
West Coast contract negotiations continued to drag on without resolution last week despite the injection of Labor Secretary Tom Perez into the talks and mounting political pressure.
February 23, 2015House Panel to Begin Highway Bill Work; Anthony Foxx to Testify on Transportation Funding
A House appropriations subcommittee will embark this week on the ambitious task of stitching together a fiscal 2016 highway and transit funding bill that can win support in both chambers of Congress before the current fiscal year ends Sept. 30.
February 23, 2015FMCSA Delays Publication of E-Log Rule to November
NASHVILLE, Tenn. — An official with the Federal Motor Carrier Safety Administration said the agency plans to publish its final electronic logging device rule in November, rather than on the agency’s previous projected date of Sept. 30.
February 23, 2015Foxx Takes Bus Tour Through Southeast to Highlight Infrastructure Funding Needs
For the second time in less than a year, Transportation Secretary Anthony Foxx toured regional infrastructure projects in a bid to press Congress to pay for new highways.
February 23, 2015Diesel Gains for 2nd Week
U.S. retail diesel prices rose last week, by 3 cents a gallon, the first back-to-back increase for the fuel average since June.
February 23, 2015West Coast Port Dockworkers Union, Employers Agree to Deal
West Coast dockworkers and their employers reached a five-year contract deal Feb. 20, averting a shutdown of 29 ports that could have cost the U.S. economy $2 billion a day, Labor Secretary Tom Perez said.
February 21, 2015Sysco to Contest FTC Move Blocking Merger With U.S. Foods
Sysco Corp. said it will contest a move by the Federal Trade Commission to block its proposed merger with US Foods.
February 20, 2015Canadian National Workers Set Strike Vote
Unifor, a labor union that represents about 4,800 workers at Canadian National Railway, said it will begin strike votes next week after five months of talks failed to produce an agreement.
February 20, 2015Universal Truckload Earnings Drop 7% in 4Q
Universal Truckload Services Inc. said fourth-quarter net income fell 7% to $10.5 million, or 35 cents per share, as profits fell at its logistics business.
February 20, 2015Ryder to Train Maintenance Workforce on Nat Gas Tech
Ryder System Inc. said it has begun an online natural gas truck training program for its 6,000 North American maintenance employees.
February 20, 2015