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.
Initial Jobless Claims Fall by 12,000 for Week
Initial jobless claims fell by 12,000 last week, the Labor Department said Thursday.
June 13, 2013May Retail Sales Rise 0.6%
Retail sales rose 0.6% in May following a 0.1% rise in April, the Commerce Department reported Thursday.
June 13, 2013Calstart to Test Advanced Military Batteries in Commercial Trucks
Calstart said the U.S. Army has awarded it a contract to test military-configured 12-volt lithium-ion batteries in commercial trucks.
June 13, 2013DOT Freight Transportation Index Rises 1.2%
The Department of Transportation’s freight transportation services index rose 1.2% in April from the same month last year, DOT said Wednesday.
June 12, 2013DOT Receives 568 Applications for TIGER Grants
The U.S. Department of Transportation said it has received 568 applications for grants under the Transportation Investment Generating Economic Recovery program, surpassing available funding.
June 12, 2013FMCSA Publishes Visor Card with Updated HOS Regulations
The Federal Motor Carrier Safety Administration has published a “visor card” outlining the changes to truck driver hours-of-service regulations set to take effect July 1.
June 12, 2013Navistar Begins Truck Production in Brazilian Factory
Navistar International Corp. said it has begun commercial truck production at its factory in Canoas, Brazil, with the capacity to build 5,000 a year.
June 12, 2013Driver Tells NTSB He Felt ‘Crowded’ Before Washington I-5 Bridge Collapse
In a preliminary report about the May 23 Interstate 5 bridge collapse in Washington state, the National Transportation Safety Board said a truck driver may have swerved to the right on the bridge just before it collapsed because he felt “crowded” by another truck passing him.
Cooper Tire & Rubber to be Acquired by Indian Firm for $2.5 Billion
Indian tire manufacturer Apollo Tyres Ltd. said one of its subsidiaries will acquire Cooper Tire & Rubber for approximately $2.5 billion.
June 12, 2013Con-way Freight Sets 5.9% Rate Increase
Con-way Freight said it will raise its less-than-truckload rates 5.9%, effective June 24.
June 12, 2013