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.
Navistar Opens New Proving Grounds in Indiana
Truck and engine maker Navistar Inc. has opened a new test site for its vehicles in New Carlisle, Indiana.
May 21, 2015Cass Truckload Index Rises 3.8% in April
The Cass Truckload Linehaul index, which measures truckload pricing, rose 3.8% year-over-year in April, St. Louis-based Cass Information Systems reported May 21.
May 21, 2015LEI Index Rises by Most in Nine Months
The index of U.S. leading economic indicators rose in April by the most in nine months, a sign of vitality in the world’s largest economy.
Home Sales Drop 3.3% in April
A limited number of homes for sale and higher selling prices are making for one painstaking U.S. housing recovery.
Rep. Nancy Pelosi Blasts House GOP on Highway Trust Fund
As the Senate prepares to vote on a House-passed two-month transportation funding extension as early as May 21, on the other side of the Capitol, Minority Leader Nancy Pelosi (D-Calif.) criticized Republican leaders for not taking a closer look at the Highway Trust Fund.
Heniff Transportation Acquires Horizon Tank Lines
Heniff Transportation Systems said it acquired Horizon Tank Lines, a bulk chemical hauler based in Durham, North Carolina. Terms were not disclosed.
May 21, 2015Freightliner, Ryder Supply CNG Units to Several Fleets
Ryder System Inc. and Freightliner Trucks said they have supplied new compressed natural gas-fueled trucks to several companies and fleets.
May 21, 2015West Coast Port Operators Ratify Five-Year Contract With ILWU
The Pacific Maritime Association, whose members operate West Coast ports, voted overwhelmingly to ratify a new five-year contract with the International Longshore and Warehouse Union.
May 21, 2015Jobless Claims Fall to 15-Year Low
The average number of Americans filing for unemployment benefits over the past four weeks dropped to a 15-year low, a sign the labor market continues to strengthen.
May 21, 2015HIV Cases Along I-65 in Indiana Have Slowed Dramatically, Officials Say
The rate of new HIV cases in southern Indiana has slowed, permitting state health officials to move into a prevention phase.