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.
L.A., Long Beach Ports Divert 30 Million Trucks From Daytime Traffic
The ports of Los Angeles and Long Beach, California, have diverted 30 million truck trips from daytime traffic in the city with the use of an off-peak-hour program.
September 3, 2014Factory Orders Jump 10.5% in July
Factory orders increased 10.5% in July, the largest gain since records began in 1992, the Commerce Department reported Sept. 3.
September 3, 2014Navistar Reduces 3Q Loss, Approaches Break-Even Point
Navistar International Corp. posted its smallest quarterly loss in two years, narrowly missing the break-even point in its fiscal third quarter as production levels rose and warranty costs declined.
XPO Completes Acquisition of Logistics Firm New Breed
XPO Logistics said it has completed the acquisition of specialized logistics firm New Breed Holding Co. for $615 million.
September 2, 2014Navistar to Extend Plan to Protect Tax Value of Losses
Navistar International Corp. will extend a plan to protect the tax value of its net operating losses until Nov. 3.
September 2, 2014Celadon Expands Flatbed Business
Celadon Trucking Services is expanding its recently acquired flatbed business, Evans Trucking, with the purchase of at least 150 new tractors and 100 flatbed trailers.
September 2, 2014Manufacturing Grows at Fastest Pace in Three Years
Manufacturing expanded in August at the fastest pace in three years as orders grew by the most in a decade, showing U.S. factories will help power the economy into the third quarter.
September 2, 2014Construction Spending Rises 1.8% in July
Construction spending rose 1.8% in July, the Commerce Department reported Sept. 2.
September 2, 2014FMCSA to Study Driver Pay, Safety Relationship
The Federal Motor Carrier Safety Administration will study whether the method of paying truck drivers has any relationship to safety, the agency announced.
Americans Racking Up More Highway Miles
Americans are driving more, the Federal Highway Administration reported, saying that cars, trucks and buses logged 1.47 trillion vehicle miles during the first half of this year, the highest level since 2008.