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.
Economy Continues Expansion; Trucking Revenue Rises, Fed Says
The national economy continued to expand from early October to late November as some of the 12 districts reported higher trucking revenue, the Federal Reserve said.
December 3, 2014First US Gas Station Drops Below $2 a Gallon
Cummins Debuts Plan for Downtown Indianapolis Office
Cummins Inc. presented Indianapolis officials with plans to locate its global distribution business headquarters in the city’s Market East cultural district.
December 3, 2014Manitoulin Acquires Canfleet Logistics
Manitoulin Global Forwarding has acquired Vancouver, British Columbia-based Canfleet Logistics. Terms were not disclosed.
December 3, 2014Supreme Court Hears Arguments in UPS Pregnancy Discrimination Case
WASHINGTON — The U.S. Supreme Court on Dec. 3 heard oral arguments in a high-profile UPS case that may provide guidance for employers on whether they must provide “light duty” jobs or otherwise accommodate pregnant employees unable to perform their normal job duties.
Eno Center Proposes Fixes for Highway Trust Fund
WASHINGTON — The Eno Center for Transportation, a Washington, D.C., think tank, has outlined ways to realize long-term funding for the national transportation system in a report unveiled at the National Press Club on Dec. 3.
Eaton Promotes Pattada to President of North American Truck Division
Vehicle component maker Eaton Corp. has promoted Pavan Pattada to president of the North American truck division, effective Jan. 1.
December 3, 2014Service Industries Expand at Second-Fastest Pace in Nine Years
Service industries in the U.S. expanded in November at the second-fastest pace in more than nine years, a sign the world’s largest economy is powering past a global slowdown.
December 3, 2014Truck Orders Almost Double, Rise to 41,000 in November
North American Class 8 truck orders jumped 93.5% in November to 41,000 units, the second-highest total since 2006, ACT Research reported.
Companies Added 208,000 Workers in November, ADP Says
Companies in the U.S. added 208,000 workers in November, indicating steady progress in the labor market, a private payrolls report showed.
December 3, 2014