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

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, 2013
Business

May 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, 2013
Business, Technology

Calstart 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, 2013
Business

DOT 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, 2013
Business, Government

DOT 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, 2013
Government, Business

FMCSA 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, 2013
Business

Navistar 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, 2013
Business

Driver 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.

Timothy Cama | Staff Reporter
June 12, 2013
Business

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, 2013
Business

Con-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