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.
Factory Orders Rise in June
Factory orders increased 1.5% in June, the Commerce Department reported Friday.
August 2, 2013Personal Spending Rises in June
Personal spending rose 0.5% in June, the Commerce Department reported Friday.
August 2, 2013Penske 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, 2013Intermodal 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, 2013ABF, 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, 2013Obama 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, 2013DOT 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.
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, 2013Freightliner 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, 2013Manufacturing 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