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.
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, 2013ATA 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, 2013UPS’ 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, 2013FedEx 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, 2013Diesel 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, 2013UPS, 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, 2013Saia’s First-Quarter Income Rises
Less-than-truckload carrier Saia Inc. said Friday its first-quarter profit increased on improved operational efficiencies.
April 26, 2013FMCSA 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.
Echo Global Logistics’ Profit Declines
Echo Global Logistics said its first-quarter profit fell from a year ago, but its revenue improved.
April 26, 2013Intermodal 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