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.
Consumer Confidence Rises to Almost Seven-Year High
Consumer confidence in the U.S. unexpectedly climbed in August to the highest level in almost seven years, reinforcing signs of a strengthening outlook for the second half of 2014.
August 26, 2014Orders for Durable Goods Surge on Aircraft Demand
Orders for U.S. durable goods jumped in July by the most on record as bookings surged for commercial aircraft. Demand for business equipment eased after the biggest gain in seven months.
August 26, 2014Diesel Slides 1.4¢ to $3.821 in Eighth Straight Decline
Diesel’s national average price fell for the eighth straight week, dipping 1.4 cents to $3.821 a gallon, the Department of Energy reported Aug. 25.
Roads, Bridges Undamaged After Quake Jolts California Wine Country
California transportation officials said the 6.0 magnitude earthquake that hit the town of Napa in the heart of the state’s wine producing region early Sunday morning left the infrastructure in the area north of San Francisco mostly unscathed.
August 25, 2014Port of L.A. Hosts World’s Largest Rubber Duck
The Port of Los Angeles is hosting the world’s largest floating rubber duck, which led the city’s Tall Ships Festival last week, as part of its world tour.
August 25, 2014Patriot Names Trucker New Patriot as Part of Spinoff
Patriot Transportation Holding Inc. said it is creating New Patriot, a separate publicly traded carrier, as part of a plan to split the business into transport and real estate units.
August 25, 2014Sales of New Homes Falls to Four-Month Low
New-home sales in the U.S. fell unexpectedly in July for the second month as the housing recovery makes only fitful progress.
August 25, 2014I-495 Bridge in Delaware Opens to All Traffic
The northbound lanes of the Interstate 495 bridge spanning the Christina River in Wilmington have reopened more than a week ahead of projections, restoring traffic in both directions, Delaware Secretary of Transportation Shailen Bhatt announced Aug. 23.
Editorial: 426 + 1
A hearty congratulations is in order for the all the competitors at the National Truck Driving Championships, and one gutsy trucker, whose recent heroics have been witnessed by more than 1 million people.
August 25, 2014Opinion: All the Doors That ELDs Could Open
Whatever your thoughts on the need for electronic logging devices, they already are an integral part of the trucking industry’s future.
August 25, 2014