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.
LaHood Named Co-Chairman of Building America’s Future
Former U.S. Transportation Secretary Ray LaHood has been named a co-chairman of Building America’s Future, the group announced.
January 8, 2014Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
Cass Freight Index Declines in December
The Cass Freight Index, which measures shipment activity in trucking and other transport modes, declined 3.2% in December from a year ago. Expenditures increased 1% from 2012.
January 8, 2014Diesel to Slide to $3.81 This Year, DOE Says
Diesel’s retail price will decline to $3.81 a gallon this year — 11 cents below last year’s average but 4 cents over last month’s projection, the Department of Energy reported.
Company Payrolls Rise by Most Since November 2012
U.S. companies boosted payrolls by the most since November 2012, according to a private report released Jan. 8.
January 8, 2014Connecticut Delays Tickets for Truckers who Violate Snow-Removal Law
Connecticut State Police said they are not yet issuing tickets to truckers who fail to clean snow and ice from their vehicles in order to give the drivers time to adapt to the new law.
OSHA Fines Two Carriers on ‘Whistleblower’ Allegations
Two large trucking companies received orders from the Labor Department’s Occupational Safety and Health Administration to compensate workers who said they were unable to drive because of illness.
Nafta Trade Exceeds $100 Billion in October
Trade among the United States, Canada and Mexico grew to $103.5 billion in October, the first time it has exceeded $100 billion, the Department of Transportation reported.
January 7, 2014TTPG Launches Truck Fleet Management
Transport Topics Publishing Group has announced the launch of Truck Fleet Management, a magazine and website focused on the ownership and operation of vocational, public, utility and other diversified commercial fleets.
January 7, 2014Union Leaders Endorse New UPS Freight Deal, Clearing Way for Vote
Local Teamsters leaders cleared the way for members in UPS Inc.’s Freight unit to vote on a new tentative contract that comes seven months after the company’s original proposal was rejected by the union by a wide margin.
Steve O’Kane to Retire at A. Duie Pyle
A. Duie Pyle Cos. President Steve O’Kane is retiring this month, and Randy Swart was named chief operating officer to lead the less-than-truckload operation.