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.
DOT Freight Transportation Index Falls 0.9%
The Department of Transportation’s freight transportation services index fell 0.9% in August from the same month last year, DOT said Thursday.
October 11, 2012Infographic: 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.
Initial Jobless Claims Drop for Week
Initial jobless claims decreased by 30,000 last week, the Labor Department said Thursday.
October 11, 2012U.S. Trade Deficit Grew in August
The U.S. trade deficit grew by 4.1% in August, the Commerce Department said Thursday.
October 11, 2012ABF Freight to Begin Negotiations With Teamsters in December
ABF Freight and the Teamsters union announced they expect to begin negotiations on a new collective bargaining agreement Dec. 18.
October 11, 2012So. California Intermodal Yard Advances After Port of L.A. Clears BNSF Project
BNSF Railway’s intermodal container project in Southern California took a step forward late last month, when a revised environmental impact statement was issued that supports construction of the $500 million project.
October 11, 2012DOT Highway Plan Focuses on Safety, Freight Movement, FHWA Official Says
LAS VEGAS — The Department of Transportation’s plan to strengthen U.S. highways supports its “aggressive safety agenda” while allowing prioritization of projects to improve freight movement, a federal official said here Tuesday.
Volvo Names Safety Award Winners
LAS VEGAS — Volvo Trucks named Erb International and Muñoz Trucking as the 2012 winners of its fourth annual Safety Awards.
October 10, 2012Hill Likely to Act to Soften Blow If Government Reaches ‘Fiscal Cliff’
LAS VEGAS — Congress is likely to take action to soften the blow of a wide range of federal tax increases scheduled to take effect next year, but trucking companies still should plan for the potential outcomes, two tax accountants said here.
U.S. to Show Modest Growth in 2013, Economists Tell MCE
LAS VEGAS — If Congress and the president can avoid a “self-inflicted” recession early next year, the U.S. economy in general, and trucking specifically, will probably keep limping along with very modest growth in 2013, economists said here Tuesday at American Trucking Associations’ Management Conference & Exhibition.
Wholesale Inventories Rise 0.5%
Wholesale inventories increased 0.5% in August, while sales rose 0.9%, the Commerce Department said Wednesday.
October 10, 2012