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.
Sanderson Promoted to CEO of Bolt Holdings
Bolt Holdings, Toledo, Ohio, the parent company of Bolt Express and Strike Logistics, said it has promoted Guy Sanderson to CEO.
January 11, 2013Intermodal Traffic Falls 8% for Week, Due to Holiday
U.S. rail intermodal traffic fell 8% last week over the same week a year ago, due to the New Year’s holiday, the Association of American Railroads said.
January 11, 2013Southern California Port Truckers Reach Agreement with Australia’s Toll Group
A group of 65 truckers represented by the Teamsters union who work at the Port of Los Angeles and Port of Long Beach, Calif., has reached a three-year agreement with Australian logistics firm Toll Group.
January 11, 2013Letters: EOBR ‘Opinion,’ CSA Scores, HOS Rules
Both ATA and TCA support mandating devices that simply record hours-of-service status, but they do not support requiring fleets to purchase multifunction fleet management systems, which typically cost far more.
January 11, 2013Oil Finishes at Three-Month High Near $94 a Barrel
Oil rose 72 cents on Thursday, finishing the trading day at a three-month high of $93.82 a barrel following a report of stronger economic growth in China, Bloomberg News reported.
January 10, 2013LaHood Not on List of White House Cabinet Holdovers
Transportation Secretary Ray LaHood is not among the group of Cabinet officials the White House said would remain on the job in President Obama’s second term, The Hill newspaper reported.
January 10, 2013Volkswagen Offers to Buy Out MAN to Push Truck Integration
Volkswagen AG will offer to buy out the rest of MAN SE’s shareholders to take full control of the German truck maker, Bloomberg News reported Thursday.
January 10, 2013Wholesale Inventories Rise 0.6%
Wholesale inventories increased 0.6% in November, the Commerce Department said Thursday.
January 10, 2013Amazon to Open Distribution Center in N.J.
Amazon.com said it plans to open a 1-million-square-foot distribution center in New Jersey that it expects will create hundreds of jobs.
January 10, 2013Initial Jobless Claims Rise for Week
Initial jobless claims increased by 4,000 last week, the Labor Department said Thursday.
January 10, 2013