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.
US Companies Add Most Workers in Seven Months, ADP Data Show
Companies added more workers than forecast to U.S. payrolls in October, indicating hiring snapped back after hurricanes Harvey and Irma, according to data released Nov. 1 from the ADP Research Institute in Roseland, N.J
November 1, 2017C.H. Robinson, Hub Group Revenues Rise, Profits Fall
Rising contract prices for trucks impacted third-quarter results for logistics firms C.H. Robinson and Hub Group that saw weaker profits despite greater revenues.
Trump’s Nominee to Lead FMCSA Backs ELD Mandate
The White House’s nominee to become the country’s top trucking regulator said he would review potential hardships an upcoming mandate on electronic logging devices could have on smaller carriers, while at the same time ensuring the agency he would oversee would carry out the rule.
Allison Net Income, Revenue Surge in Third Quarter
Allison Transmission Holdings Inc. net income and revenue surged in the third quarter as all segments performed well.
October 31, 2017Port Houston Credits Teamwork With Other Ports for Strong Rebound From Harvey
The Port of Houston, closed for a week after Hurricane Harvey, rebounded sharply in September with a 22% year-over-year increase in container traffic that would have been impossible without the sacrifice of others, the top official at the port acknowledged.
Longtime Montana Trucker Delivering Capitol Christmas Tree
In nearly five decades of driving trucks, Larry Spiekermeier has placed sixth in the National Truck Driving Championships, twice been named Motor Carriers of Montana’s “Driver of the Year,” and logged 1.6 million accident-free miles with his current employer, Whitewood Transport.
Eaton Notches Third-Quarter Gains, Cites Class 8 Market
Eaton Corp. improved third-quarter revenue and earnings, in part, on the improved strength of the Class 8 market.
October 31, 2017US Manufacturing Is Powering Up, Regional Report Cards Show
America’s factories cranked it up in October, according to the latest regional manufacturing indexes.
Teamsters Hold Public Picket Against CSX Future Health Benefits
A division of the Teamsters union held what it called an informational picket Oct. 30 against Jacksonville-based CSX Corp., saying the company is planning to “drastically reduce our health insurance benefits.”
Homeownership Rate Rises for Second Time This Year
The U.S. homeownership rate rose for the second time this year as improving employment drove demand for property purchases.