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.
TSE Acquires Chicago Logistics Firm
Transportation Solutions Enterprises said Tuesday it has acquired Chicago-based logistics firm The Treppel Group LLC. Terms were not disclosed.
August 13, 2013Clarke Reports 2Q Profit; Trucking Unit Flat
Canadian holding company Clarke Inc. reported a second-quarter profit from a loss a year ago, but its trucking segment income was flat.
August 13, 2013Business Inventories Unchanged in June
Business inventories were unchanged in June, while sales rose 0.2%, the Commerce Department reported Tuesday.
August 13, 2013Import Prices Rise in July
The price of goods imported to the United States rose in July following four declines, the Labor Department reported Tuesday.
August 13, 2013House Letter Asks DOT to Consider Size, Weight Effect on Local Roads, Bridges
Forty-five members of the U.S. House sent a letter to Transportation Secretary Anthony Foxx asking that the truck size and weight study the federal government is conducting address the effect that heavier or longer trucks would have on local roads and bridges.
Meritor Names Evans Chairman, CEO
Meritor Inc. named Ivor “Ike” Evans its chairman and CEO, effective immediately.
August 12, 2013N.Y. Independent-Contractor Bill Moves Toward Passage
New York Gov. Andrew Cuomo (D) is expected to sign a bill next month that classifies independent-contractor truck drivers as employees, the New York Post reported.
August 12, 2013New York Launches Alt-Fuel Truck Voucher Program
New York Gov. Andrew Cuomo (D) announced the state has launched a $19 million truck voucher program to promote the purchase of alternative fuel-powered commercial trucks.
August 12, 2013FMCSA Asks for Public Comment on Livestock Exemption, Munitions Hauling
The Federal Motor Carrier Safety Administration asked the public Monday to weigh in on whether it should grant a permanent exemption to the rest-break requirement in the new hours-of-service rule to truckers hauling livestock.
Oil Rises to Four-Day High Over $106
Oil rose to a four-day high Monday, topping $106 a barrel as analysts predicted growth in European economies for the first time in two years, Bloomberg News reported.
August 12, 2013