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, Government, Fuel

Alternative Fuels, Efficiency Top Agenda at TMC Meeting

Alternative fuels and ways to measure fuel economy are prime subjects at the Technology & Maintenance Council’s upcoming annual meeting.

February 2, 2015
Business, Government, Safety, Fuel

Mexican Fleets Face Barriers to Operating in United States

Cabotage rules, hours-of-service regulations and emissions standards are among the barriers likely to discourage Mexican carriers from applying in large numbers to run longhaul in the United States, trade experts said.

February 2, 2015
Business, Safety, Government

TWIC Cost Dips, But Delays Remain

The cost of obtaining a Transportation Worker Identification Credential has been slightly reduced, but applicants still face lengthy delays.

February 2, 2015
Business

FedEx Corp. Carries Vince Lombardi Trophy to Phoenix in Advance of Super Bowl XLIX

FedEx Corp. played an important role in the preparations for Super Bowl XLIX by delivering a key piece of hardware — the Vince Lombardi Trophy.

February 2, 2015
Business

Meritor to Designate Certified Repair Shops; Reports Strong Profits, Paccar Supply Deal

LAS VEGAS — Meritor Inc. said it is establishing a certificaton program for independent shops that sell and service its equipment.

February 2, 2015
Business, Fuel

Diesel Average Drops 6.7¢ to $2.866

Diesel’s average pump price fell 6.7 cents to $2.866 a gallon, continuing its seven-month downward trend and the lowest price in almost five years, the Department of Energy reported.

February 2, 2015
Business, Safety, Government

Obama’s Budget Will Boost Grant Funds to Promote Freight Movement, Foxx Says

WASHINGTON — President Obama’s upcoming budget request for the Department of Transportation will include parts of the four-year, $302 billion transportation plan the administration unveiled last year, Transportation Secretary Anthony Foxx told lawmakers.

February 2, 2015
Business, Logistics

Cardinal Logistics Appoints Tom White as Chairman

Cardinal Logistics Management Corp. announced it appointed Tom White as executive chairman.

January 30, 2015
Business

FedEx Completes Genco Acquisition

FedEx Corp. has completed its acquisition of Genco Distribution System Inc., which it described as one of the largest third-party logistics providers in North America.

Michael G. Malloy | Web Editor
January 30, 2015
Business

Jan. 30 Earnings Roundup: Paccar, Saia

Paccar Inc. and Saia Inc. reported higher fourth-quarter earnings.

January 30, 2015