Business

About Business News...

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.

Business

Factory Orders Rise in June

Factory orders increased 1.5% in June, the Commerce Department reported Friday.

August 2, 2013
Business

Personal Spending Rises in June

Personal spending rose 0.5% in June, the Commerce Department reported Friday.

August 2, 2013
Business, Logistics

Penske Wins Contract to Manage Kroger’s Indiana Distribution Center

Penske Logistics said it won a contract to manage Kroger’s 600,000 square foot refrigerated food distribution center in West Shelbyville, Ind.

August 2, 2013
Business, Logistics

Intermodal Traffic Rises 2.4% for Week

Intermodal volume rose 2.4% for the week ended July 27, from the same week a year ago, the Association of American Railroads reported.

August 2, 2013
Business

ABF, Teamsters Extend Contract Through Aug. 31

ABF Freight System and the Teamsters have agreed to a contract extension through the end of August that will allow union members to vote on supplemental agreements to the ABF National Master Freight Agreement.

August 1, 2013
Government, Business

Obama Calls for Higher Infrastructure Spending

President Obama said Tuesday that he wants to use billions that would be saved by his proposal to close overseas business-tax loopholes to fund infrastructure projects.

August 1, 2013
Government, Business, Safety

DOT to Propose Eliminating Paperwork Requirement, Says Will Save Trucking $1.7 Billion Annually

Transportation Secretary Anthony Foxx said Thursday the Department of Transportation will propose eliminating an inspection paperwork requirement that will save the trucking industry $1.7 billion annually.

Timothy Cama | Staff Reporter
August 1, 2013
Business

Quality Distribution Posts 2Q Loss

Quality Distribution reported a $31.1 million second-quarter loss on a $55.7 million charge to its energy logistics business.

August 1, 2013
Business, Fuel

Freightliner Cascadia Sleeper Cab Available With Natural-Gas Technology

Freightliner Trucks said its Cascadia natural gas-powered tractors will be available with a 48-inch sleeper cab, with factory-installed compressed natural gas or liquefied natural gas tanks.

August 1, 2013
Business

Manufacturing Activity Expands at Fastest Pace in Two Years

U.S. manufacturing activity expanded in July at the fastest pace since June 2011, the Institute for Supply Management said Thursday.

August 1, 2013