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.
Productivity Rises as Self-Employed Work Fewer Hours
Worker productivity unexpectedly grew in the third quarter, reflecting a slump in the number of hours worked by self-employed Americans.
Applications for Jobless Benefits Reach Five-Week High
The number of Americans filing for unemployment benefits climbed to the highest level in five weeks, representing a pause in the recent progress that left claims at their lowest level since 1973.
November 5, 2015House Rejects Rep. Frankel’s CSA Scores Amendment
The House on Nov. 4 easily defeated an effort by Rep. Lois Frankel (D-Fla.) to keep safety performance scores for motor carriers public while federal regulators review the program responsible for the scoring.
Voters in Texas, Maine Overwhelmingly Approve Transportation Initiatives
Texas voters overwhelmingly voted on Nov. 3 to fund transportation for a second straight year. Their counterparts in Maine also gave a strong thumbs-up to a transportation ballot initiative.
Ex-Im Bank Debate Expected During House Highway Bill Debate
The House on Nov. 4 is scheduled to vote on several amendments having to do with the Export-Import Bank’s reauthorization as part of the chamber’s consideration of a multiyear highway bill.
November 4, 2015Kenco Tests Use of Drones for Yard Management
Kenco, a Chattanooga, Tennessee-based logistics firm, said it is exploring the use of drones to manage its warehouse and yard operations.
November 4, 2015Intermodal Rail Traffic Declines in October
U.S. rail intermodal traffic declined 1.4% in October compared with the same month the prior year, the Association of American Railroads reported.
November 4, 2015Trilogy’s CNG Fuel Technology Sold to Worthington Industries
Worthington Industries said it has acquired Trilogy Engineered Solutions’ compressed natural gas fuel technology for heavy-duty trucks. Terms of the transaction were not disclosed.
November 4, 2015Radiant Logistics Acquires Copper Logistics
Radiant Logistics has acquired Copper Logistics of Minneapolis and will use the company’s location near the Minneapolis/St. Paul airport to expand its transportation and logistics operations in the upper Midwest.
November 4, 2015Maersk Line to Cut Capacity and Jobs as Global Demand Sags
A.P. Moeller-Maersk A/S is scaling back capacity and cutting jobs in the world’s largest shipping line to adapt to a drop in demand.