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

UPS Expands Health-Care Logistics Network

UPS Inc. said Tuesday it has expanded its health-care distribution network, adding to or enlarging five distribution centers for the growing market sector.

February 5, 2013

TT Podcasts: RoadSigns

Check out Transport Topics' updated Top 100 list of the largest logistics companies in North America, and explore how the industry's top players have adapted to a tough freight market and are preparing for the future.

Government, Business

Congestion Costs Trucking $27 Billion Annually, Report Says

Traffic congestion in the largest U.S. cities cost the commercial trucking industry about $27 billion in wasted time and fuel in 2011, according to a report released Tuesday.

February 5, 2013
Business, Equipment

Eaton’s Fourth-Quarter Earnings Drop

Eaton Corp. said Tuesday its fourth-quarter earnings fell 50% on charges related to its $13 billion acquisition of Ireland-based Cooper Industries.

February 5, 2013
Business, Technology

Blue Tree Introduces Portable In-Cab Device

Fleet telematics provider Blue Tree Systems Inc. said it is introducing a portable version of its R:COM in-cab terminal to enable fleets to use the fleet management system in owner-operator and rental vehicles when adding capacity.

February 5, 2013
Business, Technology

U.S. Bank, DOD Extend Freight Payment Deal

U.S. Bank said it has extended its long-term contract to provide electronic freight payment processing for the U.S. Department of Defense.

February 5, 2013
Business, Fuel

Diesel Rises 9.5¢ to More Than $4 a Gallon; Gasoline Jumps 18.1¢ to $3.538

Diesel rose 9.5 cents to $4.022 a gallon, the first time it has topped $4 in more than two months, while gasoline jumped 18.1 cents to $3.538, its biggest spike in almost two years, the Department of Energy said.

February 4, 2013
Business

Ports Reach Tentative Deal to Avoid Strike

Port operators have reached a tentative deal on a new contract with the longshoremen’s union, averting a possible strike that would have crippled operations at 15 East Coast and Gulf Coast ports, the Associated Press reported.

February 4, 2013
Government, Business, Fuel

EPA Proposes Biofuel Mandate

The Environmental Protection Agency proposed a cellulosic biofuel mandate that it said complies with a court ruling that overturned its previous methodology for the mandate.

February 4, 2013
Government, Business

NTSB’s Hersman Reportedly a Top Candidate for Transportation Secretary

National Transportation Safety Board chief Deborah Hersman is a leading candidate to succeed Ray LaHood as transportation secretary, the Wall Street Journal reported Monday.

February 4, 2013
Business, Fuel

Florida Fleet Converting to Natural Gas

A Florida company said it is opening a compressed natural gas fueling station and will convert its distribution fleet to natural gas.

February 4, 2013