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

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, 2014

Infographic: 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.

Business

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, 2014
Government, Business

Improvements 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.

Eugene Mulero | Senior Reporter
September 24, 2014
Business, Logistics

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.

Rip Watson | Special to Transport Topics
September 24, 2014
Business, Fuel, Government

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.

Eric Miller | Senior Reporter
September 24, 2014
Business, Government, Logistics

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, 2014
Business

Sales 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, 2014
Business

Industry 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.

Eric Miller | Senior Reporter
September 23, 2014
Fuel, Business

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.

Bruce Harmon | News Editor
September 23, 2014
Business

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.

Rip Watson | Special to Transport Topics
September 23, 2014