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.
Intermodal Rail Traffic Rises 3.1% for Week, AAR Says
Weekly U.S. intermodal rail traffic rose 3.1% from the same period last year, the Association of American Railroads reported.
August 13, 2015Maersk Earnings Show Company Defying Market Headwinds
A.P. Moeller-Maersk A/S, owner of the world’s largest container line, said profit exceeded estimates despite a slump in freight rates.
August 13, 2015China Shipping Merger Still Leaves Capacity Challenge in Place
China could be creating Asia’s biggest container shipping company through a merger of two titans. But the plan doesn’t address the central issue confronting the industry for at least five years now: too many ships, with too much cargo space, plying the seas.
August 13, 2015Retail Sales Show Broad-Based Gain as Consumers Spur Growth
Sales at U.S. retailers rose in July on growing demand for everything from cars to clothing, and a decline the previous month was wiped away, signaling consumers are propelling growth in the world’s largest economy.
August 13, 2015Jobless Claims Holding Just Above Four-Decade Low
Applications for unemployment benefits in the United States are hovering close to a four-decade low, a sign of muted firings and steady progress in the labor market.
August 13, 2015Infor to Acquire Supply Chain Software Firm GT Nexus for $675 Million
Enterprise software provider Infor said it will acquire GT Nexus, a company that provides a cloud-based platform to about 25,000 businesses to manage global trade and transportation activities, for $675 million.
August 12, 2015Study Says Trucks Aren't to Blame for Congestion in Austin
Interstate 35 in Austin, Texas, has been pegged as one of the nation's worst bottlenecks for traffic. But a new report says that contrary to perception, it's not large trucks that are at fault.
August 12, 2015USA Truck Announces Flexible Time-Off Initiative
USA Truck is allowing its over-the-road driving team members to select when and where they take time off.
August 12, 2015Cass Freight Index Shows Decline in July Shipping Activity
The Cass Freight Index, a measure of shipping activity in trucking and other transportation modes, declined in July, keeping in line with seasonal patterns, Cass Information Systems said.
August 12, 2015Werner Founder Takes Reins Again
The founder of Werner Enterprises, Clarence “C.L.” Werner, was re-elected chairman as his son, Gary, stepped down from the position to spend more time with his family, according to the company.
August 12, 2015