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.
Scamming Cargo Insurance Broker Behind Bars
The FBI said Aug. 25 the former operator of Appeal Insurance Agency, based in Norcross, Georgia, has been sentenced to four years in federal prison for insurance fraud.
Weekly Rail Intermodal Volume Rises 5%
Weekly U.S. intermodal rail traffic rose 5% from the same period last year, the Association of American Railroads reported.
August 27, 2015Quality Tire Co. Joins Michelin Network
Michelin Americas Truck Tires said Quality Tire Co. has joined its commercial service network of franchise operators serving the commercial vehicle industry.
August 27, 2015Economy Grows More Than Forecast in Second Quarter
The economy grew more than previously estimated in the second quarter on bigger gains in consumer and business spending that show the U.S. expansion got back on track.
Claims for Jobless Benefits Fall to Three-Week Low
Filings for U.S. jobless benefits declined to a three-week low, indicating persistent demand is encouraging employers to maintain headcounts.
Pending Sales of Previously Owned Homes Rose 0.5% in July
Contracts to purchase previously owned U.S. homes climbed in July for the sixth time in the past seven months, signaling further momentum in residential real estate.
Kenan Buys 100,000th MX-13 Engine Made by Paccar
Petroleum and chemical tank carrier Kenan Advantage Group purchased the 100,000th MX-13 engine made by Paccar Inc., the manufacturer said Aug. 21.
Truck It Smart's Load Board Takes to the Cloud
The freight-matching service Truck It Smart, of Haines City, Florida, said it integrated its TIS v.3.6 load-board software with Transport Pro Inc., based in Nashville, a cloud-based freight-management and financial system.
August 27, 2015Ceva Announces New LCL Service, CFO
Ceva Logistics, a non-asset-based freight company in Houston, said Aug. 26 it began a guaranteed weekly less-than-containerload service to New York from Singapore with subsequent motor carrier service to 51 destinations on the East Coast and in the Midwest.
Plagued by Permits, Truckers Find Route to Illinois Intermodal Center Long and Costly
A difficult and expensive trip to one of the nation’s largest intermodal facilities in Illinois has become a thorn in the side of many truckers who service the center.