Business

About Business News...

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.

Business, Technology

Nevada Issues Autonomous Driver License to Quadriplegic Man

Nevada Lt. Gov. Mark Hutchison presented an autonomous vehicle restricted driver license Sept. 28 to Sam Schmidt, who is paralyzed from the neck down.

September 29, 2016
Business, Logistics

Houston Port Credited for Being 'Creative' to Move Hanjin Cargo

Port of Houston Authority officials acted quickly to deliver stranded cargo after Hanjin Shipping Co. sought bankruptcy protection, offering to move and release the containers for a reduced fee.

Andrea Rumbaugh | Houston Chronicle
September 29, 2016
Business

Truckers Not Welcome at New $20 Million Welcome Center in New York

The $20.2 million welcome center on the eastbound Long Island Expressway in New York between exits 51 and 52 is set to open as early as this week, state officials said, providing a stop for motorists but pushing truckers farther east.

September 29, 2016
Business

Pending Sales of Existing Homes Fall to Seven-Month Low

Contracts to purchase previously owned U.S. homes fell to a seven-month low in August, held back by tight supply in the housing market, the National Association of Realtors said Sept. 29 in Washington.

Sarah Ponczek | Bloomberg News
September 29, 2016
Business, Logistics

South Korean Court Considering Sale of Hanjin Shipping

The South Korean court overseeing Hanjin Shipping Co.’s receivership is considering a sale process for the entire container line, a month after the debt-laden company’s filing roiled supply chains worldwide.

Kyunghee Park | Bloomberg News
September 29, 2016
Business

Personal Income in Second Quarter Grew in All States

State personal income growth, income derived from all sources, accelerated to 1%  on average in the second quarter of 2016, compared with 0.3% in the first quarter, according to estimates the U.S. Bureau of Economic Analysis released Sep. 28.

September 29, 2016
Business

Fewer Americans Than Forecast Filed for Jobless Claims Last Week

The number of applications to collect jobless benefits rose less than forecast for  week ended Sept. 24, indicating employers are leery of dismissing workers as the labor market tightens.

Patricia Laya | Bloomberg News
September 29, 2016
Government, Business

Long-Term Highway Funding Fix Achievable Before FAST Act Expires, Says Rep. Sam Graves

The chairman of the subcommittee on highways in the House said he is optimistic Congress will agree on a long-term funding fix for infrastructure projects before a highway law expires in 2020.

Eugene Mulero | Senior Reporter
September 28, 2016
Business, Technology

Quick Delivery Shopping Competition Heats Up With Entry of Google Express

Google launched its Express online shopping service in the Northeast and Mid-Atlantic on Sept. 28, as the search engine giant continues to expand the program across the country.

Stephanie Ritenbaugh | Pittsburgh Post-Gazette
September 28, 2016
Business, Autonomous

Two-Truck Platoons Increasingly Realistic, NACFE Says

Commercial truck platooning is increasingly realistic, with key foundational technologies already in the marketplace and testing under way, the North American Council for Freight Efficiency said in a report issued Sept. 28.

Roger Gilroy | Senior Reporter
September 28, 2016