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.
Personal Spending Rises 0.2% in August
Consumer personal spending edged up 0.2% in August, the Commerce Department said Friday.
September 30, 2011AAA Sues to Stop New York, New Jersey Toll Hikes
AAA has filed suit in a bid to reverse toll increases that began this month for vehicles crossing into New York City from New Jersey, Bloomberg reported.
September 30, 2011C.H. Robinson Acquires Produce Company
Third-party logistics company C.H. Robinson said it has acquired produce provider Timco Worldwide Inc. Terms were not disclosed.
September 29, 2011Intermodal Traffic Rises 3% for Week
U.S. intermodal traffic rose 3% last week from a year ago, the Association of American Railroads said Thursday.
September 29, 2011More Fleets Adopting Natural Gas Trucks as Fueling Network Advances
Three more fleets said they have added tractors powered by natural gas, the latest signs of growth in the use of alternative fuels.
September 29, 2011Jobless Claims Decline for Week
Initial jobless claims fell last week by 37,000 last week, the Labor Department said Thursday.
September 29, 2011Saddle Creek Invests in Natural Gas Trucks
Third-party logistics provider Saddle Creek Corp. said it is purchasing natural gas trucks for its for-hire fleet.
September 29, 2011RFX Purchases Pioneer Transfer
Quazar Capital Corp. said its brokerage unit, Pioneer Transfer, has been acquired by RFX. Terms were not disclosed.
September 29, 2011Opinion: Creating Future Truck Drivers
Trucking today faces one of the worst driver shortages ever, a situation experts say will only get worse, while at the same time, national unemployment recently topped 15%.
September 29, 2011Mica Letter Cites ‘Concern’ on Proposed Hours-of-Service Rule Changes
House Transportation and Infrastructure Committee Chairman John Mica and three other congressmen have sent a letter to President Obama expressing “concern” over proposed changes to the federal hours-of-service rules governing truck drivers.