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.
Atlas World Group Appoints Griffin CEO
Atlas World Group Inc. appointed President Jack Griffin as CEO on Nov. 21, succeeding Glen Dunkerson, who will remain chairman of the board.
November 23, 2016Jobless Claims Rebound After Plunging to Four-Decade Low
Filings for unemployment benefits in the United States rebounded last week from a four-decade low while remaining consistent with a firm labor market.
Old River Truck Sales Adds Mack, Volvo Locations in Louisiana
Old River Truck Sales acquired three locations along the Interstate 10 corridor in southern Louisiana selling Mack and Volvo brand trucks, bringing its total to six in the region.
November 22, 2016Truck Tonnage Sags 0.9% in October
Truck tonnage sagged 0.9% in October versus one year ago, the second consecutive decline in the American Trucking Associations monthly index in 2016, despite other positive economic numbers in the retail, manufacturing and industrial sectors.
Pilot Strike May Hurt Amazon’s Air Operation During Holidays
About 250 pilots employed by a subsidiary of Air Transport Services Group Inc. went on strike to protest alleged staffing shortages at the cargo carrier, threatening to ground flights for Amazon.com Inc. and DHL Worldwide Express during the busy holiday shopping season.
Existing Home Sales Climb to Highest Level Since Early 2007
Sales of previously owned U.S. homes unexpectedly climbed in October to the highest level since February 2007, a sign of momentum in the housing market a month before a jump in borrowing costs, National Association of Realtors data showed Nov. 22.
Darrel Harris Appointed Xpress Global CEO
A former FedEx Freight executive has been appointed CEO at Xpress Global Systems, the company announced Nov. 8.
November 22, 2016UPS Debuts ‘Chatbots’ to Help Customers With Simple Requests
UPS Inc. is developing apps that help customers with simple requests and may someday enable them to track packages using voice commands.
Celadon Logistics Opens Sales Office in Ohio
Celadon Logistics, a subsidiary of Celadon Group Inc., has opened a sales office near Columbus, Ohio.
November 21, 2016Old Dominion Opens Office Near US-Mexico Border
Old Dominion Freight Line Inc. moved 3 miles to a bigger office in Laredo, Texas, which the company hopes will enhance its service across the Mexican border.
November 21, 2016