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.
Trucking Payrolls Steady as Unemployment Rate Holds at 9.6%
The September U.S. unemployment rate held at 9.6%, as total payrolls fell by 95,000 jobs and trucking payrolls held steady, the Labor Department said Friday.
October 8, 2010QuickBooks for Trucking: Connecting QuickBooks to Your TMS
Learn how Truckbase connects QuickBooks for trucking and your TMS to help you marry your trucking-specific data in your TMS with your financial data in QuickBooks.
Shipping Firm Makes Monthly Calls at S.C. Port
Liberty Global Logistics, an American-flag ocean carrier, is now making regular monthly calls at the Port of Charleston’s Veterans Terminal.
Wholesale Inventories Rise 0.8%
Wholesale inventories rose 0.8% in August, the Commerce Department said Friday.
October 8, 2010Intermodal Traffic Rises for Week
Intermodal rose 16.5% for the week ended Saturday, the Association of American Railroads said.
October 8, 2010Renault Sells $4.4 Billion Stake in Volvo
Renault SA, France’s second-largest automaker, is selling a 14.9% stake in Volvo AB valued at 3.15 billion euros, or about $4.4 billion, Bloomberg reported.
October 7, 2010Jobless Claims Fall 11,000 for Week
Initial jobless claims fell by 11,000 last week, the Labor Department said Thursday.
October 7, 2010UPS to Hire 50,000 Seasonal Workers
UPS will to hire 50,000 seasonal employees for this year’s holiday season, matching last year’s total, news services reported.
October 7, 2010Opinion: Trucking Tech Seizes the Day
Long known for its simplistic and low-tech approach to logistics, the trucking industry fortunately has begun to realize how valuable technology can be in improving productivity and boosting efficiency throughout a company.
October 7, 2010ArvinMeritor Previews ‘Intelligent’ Axle System
Truck component maker ArvinMeritor Inc., Troy, Mich., unveiled a wired “intelligent” axle system that optimizes lubrication during operation. It may improve fuel economy in heavy trucks equipped with the technology, the company said.
October 6, 2010P.A.M. Sells Logistics Unit
P.A.M. Transportation Services said it sold its brokerage operation in Paulsboro, N.J., which did business as East Coast Transport & Logistics.
October 6, 2010