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.
GlobalTranz Brings Kirsten Castillo Hall Aboard as Chief Operating Officer
GlobalTranz Enterprises Inc., a technology-driven freight management solution provider, has announced that Kirsten Castillo Hall has been hired as chief operating officer.
May 26, 2017Scopelitis Transportation Expands to Air Cargo Security Consulting
Scopelitis Transportation Consulting announced the expansion of its services to include air cargo security consulting, compliance and training.
May 26, 2017St. George Logistics Opens Temperature-Controlled Center in Metro Miami
St. George Logistics, a provider of outsourced container freight station services and warehousing and distribution services, opened its ocean and air container freight station and specialized 3PL center in Medley, Fla., on May 23.
May 26, 2017G&D Integrated Announces Opening of Warehouse in Chicago Metro Area
Transportation and logistics services provider G&D Integrated announced the opening of a new warehouse in the Chicago metro area.
May 26, 2017US Consumer Sentiment Signals Gains in Spending Remain Likely
U.S. consumer sentiment holding near post-election highs reflects an improved outlook on wages and indicates spending is poised to rebound, though a partisan gap persists, University of Michigan survey data showed May 26.
Stagnant Equipment Orders Signal Pause in Investment
A second straight month of stagnant orders for business equipment in April indicates investment in capital goods could slow in the second quarter, Commerce Department data showed May 26.
KAR Auction Services Acquires Transport Division of Dependable Auto Shippers
KAR Auction Services, a holding company for used vehicle auctioneer ADESA, Automotive Finance Corp. and Insurance Auto Auctions, a firm that resells total-loss vehicles, has purchased the vehicle transportation business of Dependable Auto Shippers, a company based in Mesquite, Texas, that filed for Chapter 11 bankruptcy in December.
XPO Logistics Offers to Pay For CDL Training
XPO Logistics is offering to pay individuals to become truck drivers, providing free tuition and a paycheck while earning a commercial driver license at one of its less-than-truckload service centers in the United States.
May 25, 2017New England Ports Plot Course to Deal With Changing Shipping Industry
SMITHFIELD, R.I. — Cargo ships are growing. Shipping rates have plunged. Ports are expanding across the East Coast.
More Optimism About Buying Climate Signals Spending Rebound
Consumer spending may be set to emerge from a weak first quarter as Americans last week became more upbeat about the buying climate than at any time in the last 15 years and optimism about personal finances reached a decade high, Bloomberg Consumer Comfort Index figures showed May 25.