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.
UPS CEO Sees Greater Commitment From Obama Administration on TPP Deal
The top executive at UPS Inc. said Oct. 27 he is seeing a greater commitment from the Obama administration on completing the Trans Pacific Partnership deal despite negative election campaign rhetoric about free trade agreements.
UPS Ordering 14 Boeing 747-8 Airplanes in $5.3 Billion Deal
UPS Inc. is ordering 14 Boeing Co. 747-8 airplanes and holds options for another 14 of the air freighters, tossing a lifeline to the venerable jumbo jet.
Eno Unveils State Transportation Ballot Measures Database
Taxpayers and transportation stakeholders have a new online tool at their disposal for researching state ballot measures pertaining to transportation investments.
October 27, 2016Old Dominion Earnings Rise in Third Quarter
Old Dominion Freight Line reported stronger earnings for the third quarter with net income up 1.4% compared to a year ago at this time, overcoming an overall drop in tonnage and shipments.
October 27, 2016Volvo Trucks Showcases Active Driver Assist; System Uses Alerts, Braking to Prevent Crashes
MOUNTVILLE, S.C. — Volvo Trucks North America showcased the next generation of collision-mitigation technology available on its trucks and touted the product offering as its latest move to enhance road safety.
Rush Enterprises Profit Falls 25% But Beats Analysts' Expectations
Truck dealer Rush Enterprises Inc. reported third-quarter profit fell by 25%, blaming the continued softness on the lull in the oil industry.
Pending Sales of Existing Homes Increase 1.5% in September
Contracts to purchase previously owned U.S. homes increased in September for a second month in the past three, the National Association of Realtors said Oct. 27 in Washington, signaling that strong job growth and rising wages are supporting housing demand.
Consumer Comfort Jumps on Big Upswing in Views of US Economy
Consumer sentiment climbed during the week of Oct. 17 by the most since January 2015 on one of the biggest gains ever recorded for Americans’ attitudes about the economy, according to figures from the Bloomberg News Consumer Comfort Index released Oct. 27.
Orders for Capital Goods Decline by Most Since February
Orders for U.S. business equipment fell in September by the most in seven months, indicating corporate investment is having trouble gaining traction.
Jobless Claims Decline for First Time in Three Weeks
Filings for U.S. jobless benefits fell for the first time in three weeks, staying near a four-decade low as employers remain unwilling to part with workers.