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.
Durable Goods Orders Drop on Lower Aircraft Orders
Durable goods orders fell by 18.2% in August, as commercial airline orders plunged, the Commerce Department reported Sept. 25.
September 25, 2014Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
Jobless Claims Rise by 12,000 Last Week
First-time jobless claims climbed 12,000 to 293,000 in the week ended Sept. 20, the Labor Department reported.
September 25, 2014Improvements Needed in DOT’s Management of TIGER Program, GAO Says
The Department of Transportation must improve how it chooses the winners of a popular grant program that has backed more than $4 billion in infrastructure projects since 2009, according to a federal watchdog.
Stoughton Wins Round in Container Anti-Dumping Case
The U.S. Department of Commerce has ruled in an anti-dumping case brought by equipment manufacturer Stoughton Trailers that Chinese manufacturers of 53-foot containers for U.S. intermodal service must make payments into an escrow account to cover trade tariffs.
DTNA Concerned About Added Costs from Federal Greenhouse-Gas Rule
ORLANDO, Fla. — A senior compliance engineer for Daimler Trucks North America told a group of maintenance technicians and executives that the truck maker has concerns about the federal government’s possible added costs and testing plans that could be included in the Phase 2 greenhouse gas emissions and fuel efficiency proposed rule due for publication next spring.
Port of L.A. Reopens Container Terminals After Wharf Fire
The Port of Los Angeles on Sept. 23 reopened its container terminals after a fire at an old wooden wharf caused air quality concerns, the Associated Press reported.
September 24, 2014Sales of New Homes Surged in August to Six-Year High
New-home sales in the U.S. surged in August to the highest level in more than six years, a sign that the housing recovery is making progress.
September 24, 2014Industry Must Focus on Preventive Maintenance, Volvo Trucks Exec Says
ORLANDO, Fla. — The trucking industry needs to change its mindset to performing preventive maintenance rather than fixing trucks too often after they break down, a top Volvo Trucks North America executive told a meeting of maintenance technicians and executives.
Voltmann: $100 Billion a Year Needed for Infrastructure
NASHVILLE, Tenn. — Congress needs to raise fuel taxes in upcoming legislation, then deal with the longer-term problem of finding a new way to fund highway infrastructure, the president of the Transportation Intermediaries Association said Sept. 23.
DOJ Ruling Clears Way to Advance SoCal Chassis Pool Plan
LONG BEACH, Calif. — The Justice Department has cleared the way for greater cooperation between two of the three largest chassis pool operators in the Los Angeles and Long Beach area that is intended to further free flow of chassis throughout the port.