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.
Personal Spending Rises for Third Month
Personal spending rose for the third straight month in July, and June’s increase was revised upward, the Commerce Department reported Aug. 30.
August 30, 2013Foxx Names Former Facebook Exec as His Chief of Staff
Transportation Secretary Anthony Foxx has named former Facebook executive Sarah Feinberg as his chief of staff.
ABF Teamsters Approve Five of Seven Supplemental Labor Agreements
ABF Freight System’s Teamsters employees approved five of seven remaining labor supplemental agreements to a pending five-year labor contract, the company and union said in separate statements.
August 29, 2013Teamsters Approve Contract Extension With DHL’s Air Express International
Teamsters union workers employed by DHL subsidiary Air Express International have approved a one-year contract extension, the union said.
August 29, 2013Jobless Claims Decline by 6,000 for Week
Initial jobless claims fell by 6,000 last week, the Labor Department reported Thursday.
August 29, 2013Nafta Surface Trade Declines 1% in June
Surface trade among the United States, Canada and Mexico declined 1% in June from the same month last year and fell 4.9% from May, the Department of Transportation reported.
August 29, 2013Businesses Concerned About Possible Postal Service Rate Hikes
Private-sector businesses are concerned that the U.S. Postal Service will consider broad rate increases next month, The Hill newspaper reported Wednesday.
August 28, 2013DOT Taking Public Comments on Transportation Strategic Plan
The Department of Transportation is asking the public for comments on its four-year strategic plan for the nation’s transportation and infrastructure.
August 28, 2013Oil Pushes Past $112 on Mideast Concerns
Oil climbed more than $3 early Wednesday to more than $112 a barrel — the highest intraday price in more than two years — on concerns that Middle East tensions could disrupt supplies, Bloomberg News reported.
August 28, 2013Used Truck Registrations Up 9.1% in First Half of Year
Used truck registrations rose 9.1% during the first half of the year compared with the same period last year, according to R.L. Polk & Co.
August 28, 2013