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.
Transplace Acquires Canadian Logistics Company
Transplace said it has acquired Canadian logistics company Torus Freight Systems. Terms were not disclosed.
December 5, 2012ISM Services Index Rises in November
An index of the U.S. economy’s service sector increased in November, the Institute for Supply Management said Wednesday.
December 5, 2012Auto Sales Jump to Five-Year High
Automakers’ U.S. November sales rose to the highest level in almost five years, with replacement orders from Hurricane Sandy contributing to the increase, Bloomberg reported.
December 5, 2012Productivity Sees Biggest Gain in Two Years
U.S. workers’ third-quarter productivity rose at the fastest pace in two years, the Labor Department said Wednesday.
December 5, 2012Boyd Bros. Acquires Mid Seven Transportation
Boyd Bros. Transportation said Tuesday it has acquired Mid Seven Transportation, Des Moines, Iowa. Terms were not disclosed.
December 4, 2012Groups Urge White House to Help End Strike At SoCal Ports; Federal Mediator Steps In
A coalition of about 100 business groups, including shipping and trucking associations, sent a letter to President Obama Tuesday urging the White House to “take immediate action” to help end the strike entering its second week at the Southern California ports of Los Angeles and Long Beach.
December 4, 2012Icahn Ends Oshkosh Takeover Bid
Investor Carl Icahn dropped his bid to buy specialty truck maker Oshkosh Corp. after failing to receive enough shareholder support, Bloomberg reported Tuesday.
December 4, 2012FMCSA Seeks Help in Crafting Entry-Level Training Requirements for Drivers
ALEXANDRIA, Va. — The Federal Motor Carrier Safety Administration asked its advisory committee Monday to help it work through various issues it has encountered in crafting minimum training requirements for entry-level commercial drivers, including classroom and on-the-road instruction.
Supercube Permit Rules Tightened
The Ontario Ministry of Transportation has tightened rules for permits on trials of Walmart’s extended length semi-trailer known as the “supercube,” addressing several safety concerns, the Ontario Trucking Association said.
December 4, 2012Alabama Railroad Tax Case Back in Court
A federal tax lawsuit that could change the way states tax the trucking industry is wending its way through the federal court system for a second time.