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.
Cargo Thefts Decline Sharply in Second Quarter, but $17.2 Million Worth of Freight Still Stolen
Thieves stole $17.2 million worth of cargo in the United States and Canada during the second quarter of 2017, down from $35.1 million in the year-ago period, data tracking firm CargoNet reported.
August 9, 2017Productivity Gains Accelerate While Pace Remains Tepid
Worker productivity gains in the U.S. accelerated in the second quarter to a pace that’s still tepid by historical standards, a Labor Department report showed Aug. 9.
August 9, 2017Port Manatee Sets Container Volume Record With Two Months to Go
Container volume at Florida's Port Manatee reached a full-year record for the first 10 months of its current fiscal year.
August 8, 2017Used-Truck Sales Up 17% in June as Inventories of Newer, Cheaper, Lower-Mileage Vehicles Grow
Sales of used heavy-duty trucks rose 17% in June as the average previously owned Class 8 truck was newer, had fewer miles and cost less than a year earlier.
EIA Raises Both 2017, 2018 US Crude Production Forecasts
U.S. producers are seen pumping away, even with the price of West Texas Intermediate crude lingering below $50 a barrel, according to the latest government estimates.
Job Openings Surge to Record in Sign of Robust Labor Demand
A June surge in U.S. job openings to a record indicates demand for workers remained strong at the end of the second quarter, a Labor Department report showed Aug 8
August 8, 2017Expeditors International Profits Slip 6.2% in 2Q, But Just Beat the Forecast
Expeditors International of Washington Inc. announced profits slipped 6.2% in the second quarter, echoing the trend across the third-party logistics industry.
Illinois Community College Adds CDL Classes to Fill Growing Demand for Truck Drivers
Sauk Valley Community College in Illinois is ramping up its commercial driver’s license training, adding classes to funnel more workers into the region’s top-growing occupation.
Donaldson Co. Appoints Tod Carpenter Chairman
Filtration material manufacturer Donaldson Co. appointed President and CEO Tod Carpenter chairman, effective as of the Bloomington, Minn., company’s annual meeting in November.
August 7, 2017Unishippers Adding Staff with Move to New Facility
Unishippers Global Logistics is moving into a larger facility that will enable it to double the size of its corporate sales and customer support departments.
August 7, 2017