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.
Durable Goods Orders Rise for First Time in Three Months
Orders for durable goods rose in January for the first time in three months, showing manufacturing may be starting to stabilize as companies look beyond weaker global markets and cutbacks among energy producers.
Jobless Claims Jump by Most Since December 2013
The number of Americans filing for unemployment benefits jumped by the most since December 2013 last week from a week earlier, a sign of uneven progress in the labor market.
February 26, 2015Volvo Seeking Entrants for Fleet Safety Awards
Volvo Trucks said it is accepting entrants for its annual safety awards, which recognize fleets for their safe-driving records and safety programs.
February 26, 2015Daimler Trucks Sees ‘Significant Profit’ for 2015
Daimler Trucks said it expects “significant profit” in 2015 and projects a 10% increase in its North American heavy- and medium-duty truck sales.
Intermodal Rail Volume Drops 15.7%
U.S. rail intermodal traffic fell for the third straight week, declining 15.7% in the week ended Feb. 21 compared with the same week last year, the Association of American Railroads reported.
February 25, 2015DTNA Sued for $9.5 Million in Discrimination Complaint
Two current and two former African-American employees of Daimler Trucks North America have filed a $9.5 million suit against the truck maker, saying they suffered job discrimination, threats of violence and harassment.
Inhofe: EPW Focused on Highway Bill Reauthorization, Not Extension
WASHINGTON — A Senate transportation panel will unveil a multiyear highway bill before there is a need to approve a short-term extension of funding authority for highway programs, which expires in late spring, the panel’s chairman told Transport Topics on Feb. 25.
Great Dane Promotes Chris Hammond to Executive VP of Sales
Great Dane Trailers announced that it has promoted Chris Hammond to executive vice president of sales.
New Home Sales Rise in January
New homes in the U.S. sold at a faster pace than forecast in January, a sign of stabilization in the housing industry.
Mileage Tax Builds Momentum as Alternative to Gas Tax
WASHINGTON — It is only a matter of time before the gas tax will have to be phased out and replaced with a tax on miles traveled to support the nation’s roads, said a room full of transportation policy officials and their congressional allies who met here Feb. 24.