Business

About Business News...

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.

Business

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, 2015
Business

Cass 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, 2015
Business

LEI 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.

Nina Glinski | Bloomberg News
May 21, 2015
Business

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.

Shobhana Chandra | Bloomberg News
May 21, 2015
Government, Business, Safety

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.

Eugene Mulero | Senior Reporter
May 21, 2015
Business

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, 2015
Business

Freightliner, 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, 2015
Business

West 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, 2015
Business

Jobless 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, 2015
Business, Government

HIV 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.

Eric Miller | Senior Reporter
May 21, 2015