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.
Appeals Court to Hear EPA Engine Suit
Lawyers representing truck makers and the U.S. Environmental Protection Agency will argue before federal appellate judges on Oct. 22 whether EPA acted correctly in addressing nonconforming engines made by Navistar Inc.
October 18, 2013TT Podcasts: RoadSigns
Greg Hewitt of DHL Express considers whether the trucking industry is prepared for a greener future.
Fla. Gov. Scott Announces Commitment of $35 Million for Florida Ports
Florida Gov. Rick Scott (R) will recommend to the state legislature $35 million for strategic port projects.
October 18, 2013Hub Group’s 3Q Profit Increases Slightly
Hub Group Inc. said its third-quarter profit grew 0.6% to $18.6 million, or 50 cents a share, from $18.5 million, or 50 cents a share, a year earlier.
October 18, 2013Intermodal Rail Volume Rises 4% for Week
Intermodal rail volume for the week ended Oct. 12 rose 4%, from the same period last year, the 15th consecutive rise, the Association of American Railroads reported.
October 18, 2013Kansas City Southern’s 3Q Income Rises
Kansas City Southern’s third-quarter net income rose to $119 million, or $1.07 a share, from $91 million, or 82 cents, a year ago.
October 18, 2013Judge Allows Lawsuit Challenging Broker Bond Level to Proceed
A federal magistrate granted a request Oct. 17 by the Association of Independent Property Brokers and Agents to lift a stay in the group’s lawsuit against the U.S. Department of Transportation.
Werner’s Net Income Drops 15%
Werner Enterprises Inc. said its profit fell 15% in the third quarter to $21.3 million, or 29 cents a share, from $25.1 million, or 34 cents, a year ago.
October 17, 2013Diesel Decreases 1.1¢ to $3.886, DOE Says
The average price of diesel dropped 1.1 cents to $3.886 a gallon, the Department of Energy said Oct. 17 in a report that reflected the price Oct. 14.
October 17, 2013Port of Baltimore Strike Enters 2nd Day
An International Longshoremen’s Association strike that halted cargo handling activity at the Port of Baltimore entered its second day Oct. 17, the Maryland Port Administration said, with arbitration that could end the walkout scheduled for tomorrow.
Federal Government Shutdown Ends After 16 Days
President Obama signed a bill into law early Oct. 17 to provide funding for the federal government for three months and increase the nation’s debt limit to a level that will last four months, ending the 16-day government shutdown.
October 17, 2013