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.
Nafta Trade Drops 10.8%; Truck Freight Dips
U.S. trade with Canada and Mexico declined 10.8% in May and freight carried by trucks also declined, the Bureau of Transportation Statistics reported July 30.
July 30, 2015Senate Passes Three-Month Highway Funding Patch
Federal authority for highway programs will continue uninterrupted through October when President Obama signs a three-month funding extension of the Highway Trust Fund the Senate easily cleared July 30.
July 30, 2015Con-way Net Income Drops 18% on Lower LTL, TL Profits
Net income fell 18% at Con-way Inc. in the second quarter, pushed down by weaker results at its less-than-truckload and truckload businesses.
It’s Amazon’s World, the Postal Service Just Delivers in It
The U.S. Postal Service has been delivering groceries to customers of Amazon.com in selected areas since October 2014.
EBE Partners With DriverFacts to Streamline Driver Recruiting
EBE Technologies Inc., a provider of business-process management software for the transportation industry, said it has partnered with DriverFacts to streamline the driver-recruitment process.
Jobless Claims Climb From Four-Decade Low
Applications for U.S. unemployment benefits rose last week after reaching a four-decade low, consistent with a stronger labor market.
July 30, 2015House Advances 3-Month Highway Funding Patch
Before adjourning for the August break, House Republican leaders on July 29 garnered sufficient support from Democrats to send to the Senate a measure that would authorize funding for the Highway Trust Fund for three months.
Fed Sees Improved Labor, Housing Markets; Interest Rate Hikes Draw Closer
Federal Reserve policymakers said the labor market and housing have improved, moving closer to ending an unprecedented period of near-zero interest rates without providing a clear signal on the timing of liftoff.
July 29, 2015UPS Pledges to Buy 46 Million Gallons of Renewable Diesel
UPS Inc. said it will buy 46 million gallons of renewable diesel over three years, 15 times greater than prior contracts, as the company seeks to further reduce carbon emissions.
July 29, 2015Weekly Intermodal Volume Up 2.3%, AAR Reports
Weekly intermodal volume was up 2.3% year-over-year for the week ending July 25, according to the Association of American Railroads.
July 29, 2015