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.
Intermodal Traffic Rises 0.2% for Week
U.S. rail intermodal traffic rose 0.2% to 231,648 units last week over the same week a year ago, the Association of American Railroads said.
April 12, 2013J.B. Hunt’s 1Q Income Improves
J.B. Hunt Transport Services said late Thursday its first-quarter net income rose from a year ago as operating income at two of its four business segments rose more than 20%.
April 11, 2013Trucking Ready for Panama Canal Expansion But Cites Infrastructure Concerns
The trucking industry is prepared for projected increases in freight set to come from an expanded Panama Canal, but an industry executive warned a Senate panel of challenges related to congestion and the condition of U.S. infrastructure.
April 11, 2013Import Prices Fall 0.5% in March
The price of goods imported to the United States fell 0.5% in March, led by a decline in petroleum costs, the Labor Department said Thursday.
April 11, 2013NHTSA Cites Widespread Use of Electronic Devices by Auto Drivers
At any given daylight moment, about 660,000 automobile drivers are using a cellphone or manipulating an electronic device, according to the National Highway Traffic Safety Administration.
April 11, 2013Jobless Claims Fall by 42,000 for Week
Initial jobless claims fell by 42,000 last week, the Labor Department said Thursday.
April 11, 2013DOT Freight Transportation Index Rises 2.7%
The Department of Transportation said its freight transportation services index rose 2.7% in February from the same month last year.
April 11, 2013Freight Broker Creates Online Tool to Automate Load, Cost, Capacity
The founders of freight brokerage Partage LLC said they have launched an automated, Web-based brokerage service that allows shippers to enter their load information, get a final rate on the spot and book capacity without speaking to a broker.
April 11, 2013Obama Budget Calls for Transportation Funding Increase
President Obama on Wednesday called for transportation budget increases of 5.5% in 2014 and 25% in 2015, though the president was criticized by the trucking industry for not providing adequate detail on how the increases would be funded.
April 10, 2013Board Says Postal Service Can’t Cut Saturday Delivery
The U.S. Postal Service does not have legal authority to end Saturday mail delivery without authorization from Congress and must halt its plans to make that cut in August, its board said, Bloomberg News reported Wednesday.
April 10, 2013