Rip Watson

Business

NLRB Action Claims Intermodal Bridge Transport Misclassified Drivers

Intermodal Bridge Transport, a nationwide port trucking company, is facing a formal National Labor Relations Board action that could become a precedent-setting case involving claims the company misclassified its Southern California drivers as independent contractors.

Rip Watson | Special to Transport Topics
April 26, 2016
Business, Safety, Autonomous

March Tonnage Increases 2.2% Amid Slow Economic Growth

Johm Sommers II for TT

Truck tonnage rose 2.2% in March on a year-over-year basis, reflecting slow economic growth and mixed freight trends, American Trucking Associations reported.

Rip Watson | Special to Transport Topics
April 25, 2016
Business

Difficult Freight Market Hurts Truckload Earnings

John Sommers for TT

The initial round of first-quarter truckload earnings sounded a negative note, with three of four large carriers reporting weaker results in a tough freight environment.

Rip Watson | Special to Transport Topics
April 25, 2016
Business

Forward Air, Marten Earnings Rise, But Profit Slips at Swift

Expedited carrier Forward Air Corp. and refrigerated fleet Marten Transport Ltd. reported higher earnings as the parade of first-quarter truckload results continues, but Swift Transportation Co. net income dipped amid continuing pressure in the dry van freight market.

Rip Watson | Special to Transport Topics
April 21, 2016
Business

Fleet Failures Rise Sharply

Fleet failures rose sharply in the first quarter as slackening demand, stagnant freight rates and other factors sidelined 3,585 trucks, about three times more than the same quarter last year as well as the final three months of 2015, according to a new Avondale Partners report.

Rip Watson | Special to Transport Topics
April 18, 2016
Business

UPS Asks European Court to Reverse Ruling That Blocked Its Acquisition of TNT Express

TNT

UPS Inc. signaled its continued interest in Hoofddorp, Netherlands- based package and freight carrier TNT Express — currently pledged to a merger with FedEx Corp. — by asking a European Union court to reverse a 2013 regulatory ruling that blocked UPS from acquiring TNT.

Rip Watson | Special to Transport Topics
April 18, 2016
Business

Teamsters Protest Looming Pension Cuts at D.C. Rally

Drew Angerer/Bloomberg News

WASHINGTON — Thousands of Teamsters retirees, angered by looming pension cuts of 50% or more, descended on Washington April 14 to protest the reductions ahead of a May 7 deadline for a Treasury Department decision on the proposed cutbacks.

Rip Watson | Special to Transport Topics
April 14, 2016
Business

Little Optimism About 1Q Earnings Due to Economy, Capacity Surplus

Russ MacNeil

A sluggish U.S. economy and a surplus of freight capacity are creating little optimism about first-quarter earnings reports that begin arriving this week from publicly traded carriers, analysts said.

Rip Watson | Special to Transport Topics
April 11, 2016
Business

UPS Court Filing Signals Continued Interest in TNT Express

Tim Boyle — Bloomberg News

UPS Inc. signaled its continued interest in Netherlands-based package and freight carrier TNT — currently pledged to a merger with FedEx Corp. — by asking a European Union court to reverse a 2013 regulatory ruling that blocked UPS from acquiring the Dutch company.

Rip Watson | Special to Transport Topics
April 9, 2016
Business, Government, Safety

STB Proposes to Restore Rail Regulation for Steel, Coke, Stone, Other Commodities

John Future/Flickr

The Surface Transportation Board is asking for comments on a proposal to restore rail regulatory oversight for cement, steel, scrap, coke, crushed stone and gravel shipments, citing a rise in rail market power and rates for that freight.

Rip Watson | Special to Transport Topics
April 4, 2016

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