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.
Rail Intermodal Volume Rises to Highest Level in 10 Weeks
Rail intermodal volume increased to the highest level in 10 weeks, according to a report by the Association of American Railroads.
August 20, 2015Consumer Comfort Steadies With Positive Outlook on Economy
Consumer confidence in the United States stabilized last week as more favorable views on the economy helped make up for a deterioration in attitudes about the buying climate.
Existing Home Sales Rise to Highest Level Since February 2007
Purchases of previously owned U.S. homes unexpectedly rose in July to the highest level since February 2007, consistent with further strength in the housing market.
Firings Still Subdued, Even as Jobless Claims Increase
The number of Americans filing for unemployment benefits last week remained historically low.
August 20, 2015ATA Unveils Website Dedicated to Hiring Veterans
American Trucking Associations has unveiled a hiring website as part of its commitment on behalf of the trucking industry to recruit 100,000 veterans over the next two years.
August 19, 2015Port of Virginia Sets Volume Record for July
Several major U.S. ports reported mostly higher cargo volumes in July compared with a year earlier, highlighted by a record month in Virginia and rising imports in California.
MercuryGate Countersues J.B. Hunt for $5 Million
MercuryGate International has countersued J.B. Hunt Transport Services Inc. for $5 million as part of a disagreement over the effectiveness of an information technology system MercuryGate sold the motor carrier to support its brokerage unit.
August 19, 2015Cass Truckload Linehaul Index Rises 3.6% in July
The Cass Truckload Linehaul Index, a measurement of changes in base linehaul rates, rose 3.6% year-over-year in July, according to Cass Information Systems.
August 19, 2015Spot Load Availability Increases; Rates Fall
Van and reefer load availability increased for the third consecutive week, but so did the availability of equipment, DAT Solutions reported. The availability contributed to lower national average spot market rates for van, refrigerated and flatbed loads.
August 19, 2015Volvo’s North American Deliveries Rise 1% in July
Volvo Group’s North American truck deliveries rose 1% in July from the same month last year, the company reported Aug. 20.
August 19, 2015