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.
South Carolina Container Volume Passes 1 Million Mark
Container volume in South Carolina increased to 1.07 million 20-foot equivalent units fiscal year to date.
February 19, 2015FMCSA Extends Comment Period on Crash Weighting
The Federal Motor Carrier Safety Administration said it will accept comments for an additional month on its crash-weighting analysis published in January.
Toll Holdings Agrees to Buyout by Japan Post
Toll Holdings Ltd., a transportation and logistics firm based in Australia and a major freight forwarder in the United States and Canada, said it has agreed to a buyout by Japan Post.
February 19, 2015Leading Indicators Rise at Slower Pace as Factory Orders, Building Permits Decline
The index of U.S. leading indicators rose at a slower pace in January, restrained by declines in building permits and factory orders that signal a slower pace of growth.
Jobless Claims Decline, as Labor Market Makes Progress
Fewer Americans than forecast filed applications for unemployment benefits last week, showing the labor market is making progress.
Intermodal Rail Traffic Declines for Second Consecutive Week
U.S. rail intermodal traffic fell for the second straight week, declining 0.1% in the week ended Feb. 14 compared with the same week last year, the Association of American Railroads reported.
February 19, 2015XPO Narrows Loss, Boosts Revenue, Sets Targets
XPO Logistics Inc. narrowed its fourth-quarter loss to $9.9 million, excluding a charge related to an equity offering, while continuing its path of rapid revenue growth.
February 18, 2015Jana Jarvis Selected as President of Oregon Trucking Associations
Jana Jarvis is the new president of the Oregon Trucking Associations, the Portland-based group announced Feb. 18.
Stemco Sees $30 Million Rear Trailer-Drag Market
NASHVILLE, Tenn. — A Stemco executive said here that the company’s recently announced acquisition of ATDynamics was a good fit for the company.
Sorbon Transport Shut Down by FMCSA
The Federal Motor Carrier Safety Administration has placed a Colorado-based trucking company out of service, labeling the firm an “imminent hazard to public safety,” the agency said Feb. 18.