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.
U.S. Service Industry Growth Slows in September
The service industry in the United States grew at a slower pace in September, according to the Institute for Supply Management’s nonmanufacturing index.
October 3, 2013CRST Expedited to Spend $10 Mln. on Driver Pay Increases
CRST Expedited Inc. announced plans to spend more than $10 million over the next year for pay increases to attract new drivers, compensate drivers for recent productivity losses and provide performance-based bonuses for top drivers.
Jobless Claims Increase by 1,000
Americans filed 308,000 claims for unemployment benefits in the week ended Sept. 28, an increase of 1,000 from the previous week, the Labor Department reported Oct. 3.
October 3, 2013Holiday Sales Expected to Rise Slightly
The National Retail Federation said Oct. 3, it expects holiday sales in November and December to increase 3.9% to $602.1 billion.
October 3, 2013FMCSA Taking Comments on Mexican Truck Program Applicant
The Federal Motor Carrier Safety Administration is allowing the public to comment on an application by Transportation and Cargo Solutions S de RL de CV to participate in the Mexican cross-border trucking pilot program.
October 2, 2013Paccar Begins Production of DAF Trucks in Brazil
Paccar Inc. announced it has begun production of DAF trucks at its new $320 million, 300,000-square-foot assembly plant in Brazil.
October 2, 2013Radiant Logistics Buys On Time Express
Third-party logistics provider Radiant Logistics Inc. said it has acquired On Time Express Inc., a time-critical domestic and international logistics company.
October 2, 2013Orbcomm Purchases Satellite Data System from Comtech
Asset-tracking provider Orbcomm Inc. said it has acquired Comtech Mobile Data Corp.’s Satellite-Enabled Notification System.
October 2, 2013Companies Added 166,000 Jobs in September, ADP Says
Private-sector employers increased payrolls by 166,000 jobs in September, the ADP Research Institute reported on Oct. 2.
October 2, 2013Highway Programs Continue Despite Government Shutdown
Highway construction and safety programs will remain operational despite most federal government functions shutting down Oct. 1 after legislators failed to agree on a measure to fund the government, the Department of Transportation said.
October 2, 2013