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.
Consumer Sentiment Hovers Near Highest in 12 Years
Consumer confidence was little changed in January from its highest level since the start of 2004, showing Americans are still optimistic that fresh economic policies will spur growth.
Retail Sales Figures Bear Out America's Online Shopping Shift
Holiday sales at Macy's Inc., Sears Holdings Corp. and J.C. Penney Co. were anemic, and U.S. government data just confirmed it.
DOT Report: Inadequate Infrastructure Contributes to Freight Delays
Bridges and highway infrastructure in poor condition contributes to traffic congestion that often delays trucks along freight corridors, the U.S. Department of Transportation determined in a recent report.
January 13, 2017Wholesale Prices Rise for Third Time in Four Months
Wholesale prices in the U.S. rose for the third time in four months, boosted by increasing fuel costs that are pushing inflation higher throughout the economy.
Former Secretary Mineta Receives Medal for Lifetime Achievement From TRB
Norman Mineta, the country’s secretary of transportation during the Sept. 11, 2001, attacks and a former chairman of the transportation committee in the U.S. House of Representatives, received the lifetime achievement award at the Transportation Research Board’s annual meeting in Washington.
Retail Sales Picked Up in December on Motor Vehicle Demand
Sales at U.S. retailers accelerated in December on the heels of stronger demand for motor vehicles, capping a year of improvement for the nation’s merchants.
XPO Lands Cummins Logistics Contract
XPO Logistics has won a contract to manage the primary parts distribution center in Memphis, Tennessee, for diversified manufacturer Cummins Inc., XPO said Jan. 11.
January 12, 2017Transportation for Urban Eating: High Demand, High Levels of Difficulty
WASHINGTON — Modern urban life presents special challenges for food transportation and distribution, including constant replenishment of stock to recipients who are often in challenging delivery locations.
Volvo Trucks North America Recalling More Than 6,000 Trucks Because of Faulty Software
Volvo Trucks North America is recalling 6,127 of its model year 2013-2017 VNL and VNM trucks and model year 2017 VNX trucks with faulty software to prevent possible contamination of the brake system.
January 12, 2017CFI Raising Driver Pay
CFI, the truckload division of the former Con-way Freight, raised driver pay this month 2 cents per mile and announced the purchase of 626 new Kenworth tractors.
January 12, 2017