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.
Old Dominion Puts Brakes on Plan for Illinois Truck Depot
John Trapp sat in a second row seat at an Aurora City, Illinois, Council meeting quietly watching — which belied how he really felt.
Consumer Comfort Rises to Highest Level Since October
Consumer confidence climbed last week to the highest level since October on more optimism about household finances, as steady job gains, low borrowing costs and a rally in financial markets overshadowed the uncertainty caused by Britain’s vote to leave the European Union.
July 14, 2016Jobless Claims Hold at Lowest Level Since Mid-April
The number of applications for U.S. unemployment benefits last week held at the lowest level since mid-April, further evidence of a strong labor market.
International Introduces Predictive Cruise Control for ProStar, LoneStar Models
International Truck, a brand of Navistar International Corp., announced that it now offers predictive cruise control technology as an option on its ProStar and LoneStar Class 8 on-highway models to improve fuel efficiency and driver retention.
Freightliner Factory Worker Seriously Injured
A worker at the Freightliner plant in Cleveland, North Carolina, was seriously hurt on June 13.
July 13, 2016US Transportation Activity Stalls, Fed Reports
U.S. transportation activity stalled from April to July as freight volume and rail cargo declined in several regions, the Federal Reserve reported.
July 13, 2016Demand for Class 8 Trucks Rose in June, ACT Says
June marked the second time this year and only the fourth time in 19 months that demand for Class 8 trucks rose faster than the supply, ACT Research Co. reported, citing its most recent for-hire trucking index.
Illinois Greenlights Toll Bridge to Intermodal Facility
Illinois has given the green light to a new toll bridge linking Interstate 80 to the CenterPoint intermodal facility in Joliet and Elwood.
Port of Virginia Container Volume Rises Little in June
The Port of Virginia saw a small gain in container volume last month and a smidge more than that for the fiscal year that ended June 30, port officials announced July 12.
Marlin Business Services Corp. to Offer Financing at Rush Enterprises
Commercial lender Marlin Business Services Corp. has reached an agreement with truck dealership Rush Enterprises Inc. to support its network with financing options for customers purchasing new and used commercial trucks.
July 13, 2016