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.

Government, Business

House Panel Urged to Boost Fuel Taxes to Pay for Vital Infrastructure Projects

WASHINGTON — Top executives with two of the nation’s largest trucking companies urged Congress to raise the federal fuel tax in order to fund infrastructure projects that benefit freight.

April 29, 2013
Business

ATA Selected as One of Seven Award Winners of EPA’s 2013 SmartWay Affiliate Challenge

American Trucking Associations was honored last week as one of seven winners of the Environmental Protection Agency’s 2013 SmartWay Affiliate Challenge awards.

April 29, 2013
Business

UPS’ Net Rises 3.2% in 1Q; Plans to Buy 700 LNG Trucks

UPS Inc. last week said first-quarter net income rose 3.2% to $1 billion, reported it was nearing a contract agreement with the Teamsters union and announced plans to buy 700 tractors powered by liquefied natural gas.

April 29, 2013
Business

FedEx Wins $10.5 Bln. Postal Deal to Provide Expedited Mail Service

FedEx Corp. last week won a $10.5 billion contract to continue providing domestic airmail transportation for the U.S. Postal Service, defeating a bid by UPS Inc. to grab at least a share of that business.

April 29, 2013
Business, Fuel

Diesel Declines 5.5¢ to $3.887

Retail diesel prices declined for an eighth consecutive week as the national average reached its lowest point since Aug. 6 after dipping 5.5 cents to $3.887 a gallon, the Department of Energy reported.

April 29, 2013
Business

UPS, Teamsters Agree on New Contracts

UPS Inc. and the Teamsters union said they have reached tentative agreement on two new five-year labor contracts in the company’s small package and freight business units.

April 26, 2013
Business

Saia’s First-Quarter Income Rises

Less-than-truckload carrier Saia Inc. said Friday its first-quarter profit increased on improved operational efficiencies.

April 26, 2013
Government, Business, Autonomous

FMCSA Removes Requirement that Truck Drivers Report Out-of-State Traffic Convictions

The Federal Motor Carrier Safety Administration said Friday it has eliminated what it said is a redundant requirement that truck and bus drivers report out-of-state traffic convictions to the states where they are licensed.

Timothy Cama | Staff Reporter
April 26, 2013
Business

Echo Global Logistics’ Profit Declines

Echo Global Logistics said its first-quarter profit fell from a year ago, but its revenue improved.

April 26, 2013
Business, Logistics

Intermodal Traffic Rises 0.6% for Week

U.S. rail intermodal traffic rose 0.6% to 240,698 units last week, over the same week a year ago, the Association of American Railroads said.

April 26, 2013