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.
New York Manufacturing Index Expands for First Time Since August
Manufacturing activity in the New York region expanded in February for the first time since August, the Federal Reserve Bank of New York said Friday.
February 15, 2013Multi Group Logistics to Lease 250 Vans From Xtra Lease
Chicago-based Multi Group Logistics completed a deal to lease 250 dry-van trailers from Xtra Lease, the lessor said.
February 15, 2013Intermodal Traffic Rises 7.7% for Week
U.S. rail intermodal traffic rose 7.7% last week over the same week a year ago, the Association of American Railroads said.
February 15, 2013DOT Seeking Nominations for Freight Advisory Committee
The U.S. Department of Transportation said Thursday it is seeking nominations for a committee to advise leaders about freight policies aimed at improving the national freight transportation system.
House Committee Hears Concerns on Transportation, Infrastructure Funding
The House Transportation Committee’s first hearing of the new Congress focused on the challenges of maintaining the nation’s roads and bridges, and Chairman Bill Shuster (R-Pa.) pledged to maintain the federal government’s role in transportation infrastructure funding.
February 14, 2013U.S., European Union to Pursue Free-Trade Deal
The United States and the European Union said they will begin talks for a transatlantic free-trade deal, the Associated Press reported Thursday.
February 14, 2013Worldwide Express, Ward Trucking Set Partnership for Eastern LTL Shipments
Package carrier Worldwide Express said Thursday that less-than-truckload carrier Ward Trucking will provide Worldwide’s customers with LTL service throughout the eastern United States.
February 14, 2013S.C. Port Truck Replacement Program Gets More Funds
The South Carolina Ports Authority is getting a federal grant for $145,000 to get older trucks serving the port off the road, the Associated Press reported.
February 14, 2013Cardinal Merges With Greatwide Logistics Services
Third-party logistics company Cardinal Logistics Management Inc. said it has merged with Greatwide Logistics Services. Terms were not disclosed.
February 14, 2013Initial Jobless Claims Fall for Week
Initial jobless claims fell by 27,000 last week, the Labor Department said Thursday.
February 14, 2013