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.
Jobless Claims Near Decade Low
The number of Americans filing applications for unemployment benefits rose last week, maintaining a pattern of gains and losses around a decade low that signals firings remain muted.
Rail Intermodal Traffic Rises for Week, Says AAR
Weekly U.S. intermodal rail traffic rose 2.1% from the same period last year, the Association of American Railroads reported.
September 30, 2015UPS Asks People to Pick Up Packages Themselves
In time for the holiday season, UPS is rolling out to 100 cities a program that requires people in some neighborhoods to fetch packages at nearby locations — such as a druggist or dry cleaner — if they weren’t home to meet a driver.
Freimuth Returns to C.R. England as President of its Dedicated Division
C.R. England Inc. has named Kirk Freimuth as president of its Dedicated Division.
September 30, 2015Universal Earnings to Trail Expectations, Guidance
Universal Truckload Services Inc. said it expects third-quarter earnings will lag year-earlier results and come in below analysts expectations due to weakening customer demand for truckload services in certain industrial sectors.
September 30, 2015Navistar, General Motors Agree to Medium-Duty Deal
Navistar International Corp. and General Motors Co. have reached a long-term agreement to develop and manufacture Classes 4-5 medium-duty conventional trucks with a goal of starting sales in 2018.
September 30, 2015Briley Promoted to Lead Fontaine Commercial Platform Business
Fontaine Trailer, a manufacturer of platform trailers, promoted Alan Briley to president of its commercial platform business.
September 30, 2015West Virginia Trucking Group to Launch Jobs Website
The West Virginia Trucking Association indicated recently that the state’s coal, construction and freight industries will need more drivers. To address the industry’s demand, the association recently announced that a jobs website will launch in October.
ADP Says Payrolls at Companies Increase 200,000
Companies stepped up hiring in September, indicating the U.S. job market is standing firm in the face of weaker global demand, according to a private report based on payrolls.
Roadcheck Out-of-Service Rate Declines to Historic Low, CVSA Says
Out-of-service rates for both trucks and buses and drivers dropped to historic lows for inspections conducted during Roadcheck 2015, the Commercial Vehicle Safety Alliance announced Sept. 29.