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, Government

U.S. Warehouse Study Finds Wide Range of Operating Costs

U.S. warehouse operating costs last year varied widely, ranging from the most expensive in the San Jose, Calif., area to the lowest price in Sioux Falls, S.D., a new study found.

January 14, 2011
Business, Logistics

Intermodal Traffic Rises 8.6% for Week

Intermodal traffic rose 8.6% in the week ended Saturday compared with the first week of 2010, the Association of American Railroads reported.

January 14, 2011
Business, Fuel

Fuel Economy, Driver Issues Lead Fleets to Automatic Transmissions, Study Finds

Concerns about fuel efficiency and the need to attract new drivers to the industry continue to put pressure on heavy- and medium-duty fleets in North America and Western Europe to adopt manual automated and fully automatic transmissions for their vehicles, according to a study from consulting firm Frost & Sullivan.

January 13, 2011
Business, Logistics

Odyssey Logistics & Technology Acquires Optimodal Inc. to Add Intermodal Option

Third-party logistics provider Odyssey Logistics & Technology Corp. said Jan. 11 it has acquired Optimodal Inc. to expand intermodal service options in North America for containerized chemicals shipments.

January 13, 2011
Government, Business, Safety, Autonomous

Garmin Unveils New Trucker GPS Units

Satellite navigation provider Garmin Inc., Olathe, Kan., on Jan. 9 unveiled its latest navigation handheld device for truck drivers.

January 13, 2011
Business

Transport America Buys Southern Cal Transport

Transport America said it has acquired Birmingham, Ala.-based truckload carrier Southern Cal Transport. Terms were not released.

January 13, 2011
Business, Fuel

QualaWash Acquires PSC

Tanker-cleaning service Quala­Wash Holdings LLC said it acquired PSC Container Services for an undisclosed sum.

Dan Leone | Staff Reporter
January 13, 2011
Business

Con-way’s 4Q Income to Decline on Higher Health Costs

Con-way Inc.’s less-than-truckload Con-way Freight unit will report lower fourth-quarter earnings compared with a year ago due to higher healthcare costs, the company said Thursday.

January 13, 2011
Business

UPS Airlines President Retires

The president of UPS Inc.’s freight airline has retired after working for the company for 36 years.

January 13, 2011
Business

U.S. Trade Deficit Drops to 10-Month Low

The U.S. trade deficit fell to a 10-month low in November, the Commerce Department said Thursday.

January 13, 2011