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.
Amazon to Open Third Fulfillment Center in Small Texas Town
Amazon.com said Jan. 18 that it plans to open a fulfillment center in Coppell, Texas, which will be its ninth in the state.
Railroads Report Better Fourth Quarter, But Shakeup Could Alter Industry in 2017
The fourth quarter marked a turnaround for the railroad companies from the lackluster year, according to earnings released last week, but a potentially major shakeup could result in an interesting 2017 for the industry.
January 19, 2017American Consumers’ Economic Expectations Are the Highest Since 2002
American consumers were the most upbeat about the economy in January than at any time in almost 15 years, according to Bloomberg Consumer Comfort Index figures released Jan. 19.
Filings for US Jobless Benefits Near Lowest Since 1970s
Filings for U.S. unemployment benefits fell to near the lowest level since the 1970s, consistent with a still-improving labor market, a Labor Department report showed Jan. 19 in Washington.
Housing Starts Rose More Than Expected in December
Builders broke ground in December on more U.S. homes than forecast as a jump in apartment construction helped cap the seventh straight yearly increase, a report from the Commerce Department showed Jan. 19.
Capitol Hill, USDOT Veteran John Drake Joins ATA as Senior VP of Legislative Affairs
Less than 14 years ago, John Drake was a 27-year-old with a philosophy degree who drove from California to Washington, D.C., with little more than a keen desire to work for the federal government.
Trump’s Commerce Pick: Infrastructure Leads to High-Paying Jobs, Nafta to Come Up Early
WASHINGTON — The co-author of President-elect Donald Trump’s infrastructure proposal told senators that enhancing transportation networks would produce high-paying jobs. On trade, he added that the new administration would quickly examine the North American Free Trade Agreement.
Transportation Expert Promotes P3s to Fund Infrastructure Projects
WASHINGTON — State and city leaders struggling to advance large-scale infrastructure projects should look to private capital for assistance, a transportation expert with the Bipartisan Policy Center told the country’s largest gathering of mayors on Jan. 18.
Fed Says US Growth Continues Modestly as Job Market Tightens
The U.S. economy continued to expand modestly from late November through the end of 2016 as a tightening labor market helped lift wages and prices more broadly, a Federal Reserve survey showed.
AASHTO Honors Idaho’s Transportation Department for Innovation
The Idaho Transportation Department’s employee-driven innovation program has been saluted by the American Association of State Highway and Transportation Officials.