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.
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July 23, 2015Caterpillar Cuts 2015 Sales Forecast by $1 Billion
Caterpillar Inc., the largest manufacturer of construction and mining machinery, cut its full-year sales forecast after the U.S. dollar strengthened and said important end-user industries remain weak.
Leading Indicators Climb More Than Forecast in June
The index of U.S. leading economic indicators increased more than forecast in June as historically low borrowing costs and a rebound in housing propelled growth.
Consumer Confidence Declines to Lowest Level in Five Weeks
Consumer confidence declined to a five-week low as Americans grew even more downbeat about the prospects for the economy.
Daimler Trucks Reports 50% Growth in Operating Income, Record North American Sales in 2Q
Daimler AG reported a 50% increase in operating income at its global truck division in the second quarter, led by record sales in North America.
Jobless Claims Fall to Lowest Level in Four Decades
The fewest Americans in four decades filed applications for unemployment benefits last week, continuing to unwind an early July surge that probably was tied to midyear factory shutdowns and school vacations.
July 23, 2015Senate Votes to Proceed on Highway Bill
WASHINGTON — The Senate on July 22 agreed to take up a six-year highway measure that would require the Federal Motor Carrier Safety Administration to remove Compliance, Safety, and Accountability scores from public access until a comprehensive report and corrective plan about the scores is published.
Interstate 10 to Open One Lane Each Direction July 24
Interstate 10 will partially reopen July 24, officials have announced, bringing relief much sooner than expected to truckers and other motorists who depend on the route connecting Southern California and Phoenix.
July 22, 2015UPS Said to Be in Talks to Buy Coyote Logistics for $1.8 Billion
UPS Inc. is in talks to buy Coyote Logistics for about $1.8 billion, two people with knowledge of the matter said.
Intermodal Traffic Rises 2.3% for Week as Carload Decline Continues
U.S. rail intermodal traffic rose 2.3% for the week ended July 18 as carloads continued to decline, the Association of American Railroads reported.
July 22, 2015