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.
Jobless Claims Decline by 15,000 to Lowest Level in a Month
The number of Americans filing for jobless benefits fell to the lowest level in a month for the week ended Jan. 4, the Labor Department reported.
January 9, 2014ATA Pushes Legislative Agenda for Safety, Highway Funding
American Trucking Associations is calling on Congress and federal policymakers to act on a list of issues in 2014 that ATA said would improve the nation’s economy and make highways safer.
Consumer Credit Rises in November
Consumer credit increased in November, led by a rise in student and auto loans, the Federal Reserve reported Jan. 8.
January 8, 2014Thruway Reopens in Western N.Y. as Temperatures Increase
Officials reopened a section of the New York State Thruway early Jan. 8 after closing it two days before because of snow and extreme cold.
January 8, 2014LaHood Named Co-Chairman of Building America’s Future
Former U.S. Transportation Secretary Ray LaHood has been named a co-chairman of Building America’s Future, the group announced.
January 8, 2014Cass Freight Index Declines in December
The Cass Freight Index, which measures shipment activity in trucking and other transport modes, declined 3.2% in December from a year ago. Expenditures increased 1% from 2012.
January 8, 2014Diesel to Slide to $3.81 This Year, DOE Says
Diesel’s retail price will decline to $3.81 a gallon this year — 11 cents below last year’s average but 4 cents over last month’s projection, the Department of Energy reported.
Company Payrolls Rise by Most Since November 2012
U.S. companies boosted payrolls by the most since November 2012, according to a private report released Jan. 8.
January 8, 2014Connecticut Delays Tickets for Truckers who Violate Snow-Removal Law
Connecticut State Police said they are not yet issuing tickets to truckers who fail to clean snow and ice from their vehicles in order to give the drivers time to adapt to the new law.
OSHA Fines Two Carriers on ‘Whistleblower’ Allegations
Two large trucking companies received orders from the Labor Department’s Occupational Safety and Health Administration to compensate workers who said they were unable to drive because of illness.