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.
Leading Economic Indicators Rise in July
An index of leading economic indicators rose 0.6% in July, the most in three months, the New York-based Conference Board said Thursday.
August 22, 2013Initial Jobless Claims Rise by 13,000 for Week
Initial jobless claims rose by 13,000 last week, the Labor Department reported Thursday.
August 22, 2013Ambassador Bridge Owners Sued Over Second Span Location
The owners of the Ambassador Bridge connecting Detroit and Windsor, Ontario, have been sued by homeowners on the Canadian side for turning a neighborhood into a “slum” in pursuit of a second span, the Windsor Star reported.
August 22, 2013Holiday Weekend Driving to Rise to Five-Year High, AAA Says
The number of Americans driving during the Labor Day weekend will rise to the most in five years as gasoline prices drop lower than this time last year, according to AAA.
August 22, 2013ATA Opens Nomination Process for ‘Good Stuff’ Award
American Trucking Associations said it has started accepting nominations for its annual Mike Russell “Good Stuff” Trucking Image Award.
August 21, 2013Existing Home Sales Rise in July to Highest Since 2009
Existing home sales rose 6.5% in July to the fastest pace since November 2009, the National Association of Realtors said Wednesday.
August 21, 2013Port of Oakland Terminal Reopens After Trucker Protest
The Port of Oakland, Calif., said Wednesday there are no protesters in the area and terminals are open after protesting truck drivers had shut down a terminal Monday.
August 21, 2013Fla. DOT Invests $2.5 Million in South Florida Logistics Center
The Florida Department of Transportation said it is awarding a $2.5 million grant to the South Florida Logistics Center near Miami.
August 21, 2013Eaton Upgrades Heavy-Duty Truck Transmission Plant
Industrial manufacturer Eaton Corp. said it has upgraded its heavy-duty truck transmission plant in South Bend, Ind.
August 21, 2013Duff Brothers Capital Completes Acquisition of Frozen Food Express
Duff Brothers Capital said it has completed its previously announced acquisition of Frozen Food Express for $2.10 per share, in a deal valued at about $38.2 million.
August 21, 2013