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

Highway Bill Vote Nears

Both houses of Congress were scheduled to vote this week on separate transportation reauthorization bills that would provide highway spending of more than $41 billion annually.

February 13, 2012

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Business, Safety, Government, Autonomous

ATA Installs 15 More Pavers at Capitol Office; $675,000 Raised So Far to Pay Down HQ Debt

American Trucking Associations installed a batch of 15 rooftop deck pavers at its Capitol Hill office last month, the latest of 46 pavers to be placed at the Washington, D.C., building, the group announced last week.

February 13, 2012
Business, Autonomous

Intermodal Freight Gains 4.9% in 2011, Boosted By Strong Domestic Shipments

Truck-rail intermodal freight increased 4.9% in 2011 from the previous year, led by a strong gain in domestic shipments and putting last year’s volume in a virtual tie for the second-best annual volume ever, the Intermodal Association of North America reported.

February 13, 2012
Business, Logistics

Weekly Intermodal Traffic Soars 16.8%

U.S. intermodal traffic jumped 16.8% for the week ended Saturday from a year ago, the Association of American Railroads reported.

February 10, 2012
Business

Senate, House Expected to Vote on Highway Bills

The U.S. Senate and House of Representatives are expected to vote as early as next week on their long-awaited transportation reauthorization bills.

Michele Fuetsch | Staff Reporter
February 10, 2012
Government, Business, Autonomous

Quality Expects Fourth-Quarter Profit

Tank truck carrier Quality Distribution said it expects to post profits for both the fourth quarter and full-year 2011.

February 10, 2012
Business, Fuel, Government

U.S. Trade Deficit Widens to Six-Month High

The U.S. trade deficit expanded by 3.7% in December as imports climbed to the highest level in more than three years, the Commerce Department said Friday.

February 10, 2012
Business, Government, Logistics

Consumer Confidence Drops

Consumer confidence declined this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

February 10, 2012
Business

UPS Boosts Dividend

UPS Inc. said late Thursday that its board of directors has raised the company’s quarterly dividend to 57 cents a share, from 52 cents.

February 10, 2012
Business, Safety, Government

P.A.M. Turns Fourth-Quarter Profit

Truckload carrier P.A.M. Transportation Services reported a fourth-quarter profit after posting a loss in the same quarter last year.

February 9, 2012