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

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, 2014

Infographic: 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.

Business, Government, Autonomous

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, 2014
Business, Fuel

Diesel 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.

Michael G. Malloy | Web Editor
January 8, 2014
Business

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, 2014
Government, Business

Connecticut 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.

Michele Fuetsch | Staff Reporter
January 7, 2014
Government, Business

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.

Jonathan S. Reiskin | Associate News Editor
January 7, 2014
Government, Business

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, 2014
Business

TTPG 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, 2014
Business

Union 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.

Rip Watson | Special to Transport Topics
January 7, 2014
Business

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.

Rip Watson | Special to Transport Topics
January 7, 2014