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.
Trade Gap Narrows to Six-Month Low
The trade deficit in the U.S. narrowed in July to the lowest level in six months as exports climbed to a record.
September 4, 2014Jobless Claims Little Changed as Firings Dwindle
Applications for unemployment benefits in the U.S. were little changed last week as an improving economy prompted businesses to retain staff.
September 4, 2014DOT, Treasury Department to Host Infrastructure Investment Summit
The secretaries of transportation and the treasury are scheduled to address business leaders and financiers Sept. 9 in Washington to encourage them to invest in state and local infrastructure projects.
Economy Continues to Expand at Unchanged Rate, Fed Says
The economy continued to expand from early July to late August but with little indication the pace of growth has changed, the Federal Reserve said.
September 3, 2014Longistics Names Malcolm Rawls Director of Trucking Operations
Longistics, a full-service provider of global logistics solutions, has promoted Malcolm Rawls to director of trucking operations.
September 3, 2014Covenant Transport Raises Driver Pay 6%
Covenant Transport Inc. said it is increasing driver pay by about 6% to attract hazmat-certified team drivers for its over-the-road program.
September 3, 2014Kenworth Adds Allison FuelSense Package for Class 8 Trucks
Kenworth Truck Co. said it is including Allison Transmission’s FuelSense package for new Class 8 and medium-duty trucks equipped with the highway or rugged-duty series automatic transmissions from Allison.
September 3, 2014New Website Offers Data On Trucking Firms, Shippers, Brokers
Data Driven Shipping, based in San Diego, has launched a website that allows users to download trucking industry data to the program of their choice on their computer or mobile device.
Old Dominion Boosts Third-Quarter Freight Outlook
Old Dominion Freight Line raised its third-quarter outlook for growth in its less-than-truckload tons per day.
September 3, 2014Diesel Dips to Two-Year Low $3.814
Diesel’s average U.S. pump price fell 0.7 cent to a two-year low $3.814 a gallon, the Department of Energy reported.
September 3, 2014