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.
ATA Forecast Projects Continued Freight Growth
American Trucking Associations' latest U.S. Freight Transportation Forecast projects a 35% rise in total freight tonnage between 2016 and 2027.
October 13, 2016Korean Court to Get Final Bids for Hanjin Assets by Early November
A South Korean court will receive bids by November on the sale of the marketing network of Hanjin Shipping Co.’s Asia-U.S. operations as part of efforts to raise funds for the indebted company.
Will the Gordie Howe Bridge Connecting US, Canada Ever Get Built? 7 Key Facts to Know
This week, Canada's ambassador to the United States said his fellow Canadian officials are within weeks of issuing a long-awaited request for proposals that will seek a team to build the Gordie Howe International Bridge and disrupt the Ambassador Bridge's long-standing bridge monopoly.
CSX’s Net Income Falls 10%
CSX Corp.'s net income fell 10% to $455 million, or 48 cents per share in the third quarter, hurt by declines of 8% in both volume and revenue.
October 13, 2016Jobless Claims at 42-Year Low as Employers Shun Firings
Filings for U.S. unemployment benefits were at a four-decade low over the past two weeks as sales prospects encouraged employers to maintain headcounts.
Consumer Comfort Improves After Hovering Near This Year’s Low
Consumer sentiment advanced last week, after hovering close to the lowest level of the year, on more favorable views of personal finances, the economy and buying climate, according to figures from the Bloomberg Consumer Comfort Index released Oct. 13.
Feds Want More Info on Proposed Great Lakes Basin Freight Railroad
The federal Surface Transportation Board wants to know how many trains would run on the proposed Great Lakes Basin Railroad and also wants more details on its planned connection to the South Shore Freight Railroad.
Port of Long Beach Container Volume Drops on Hanjin Bankruptcy
The consequences of the Hanjin Shipping bankruptcy have led to a decline of 17% in cargo at the Port of Long Beach, California, the second-largest U.S. port and the largest port of call used by the ocean carrier.
October 12, 2016DOT Awards CVSA Hazmat Safety Grant
The U.S. Department of Transportation awarded the Commercial Vehicle Safety Alliance and another nonprofit a grant designed to help improve the response to hazardous materials transportation accidents around the country.
October 12, 2016FourKites Secures Additional $13 Million Investment
Load-tracking provider FourKites said it raised $13 million in Series A funding led by Bain Capital Ventures to expand its services.
October 12, 2016