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 9,000 for Week
Initial jobless claims decreased by 9,000 last week to 423,000, the Labor Department said Thursday.
September 22, 2011Critical I-10 Bridge Reopens in N.O.
The new Interstate 10 Twin Span Bridge over Lake Pontchartrain in New Orleans has opened, replacing the twin spans wrecked by Hurricane Katrina, which devastated New Orleans and the Gulf Coast six years ago.
September 22, 2011CSC Wins Two Postal Contracts
Computer Sciences Corp. said it has won a pair of operations and logistics contracts from the U.S. Postal Service. The seven-year pacts have an estimated value of $83 million.
September 22, 2011DeFazio Hits FMCSA on Mexican Trucking Plan
Rep. Peter DeFazio (D-Ore.) has sent a letter to the Federal Motor Carrier Safety Administration demanding that the agency “address serious concerns about the safety of Mexican trucks on U.S. roads.”
September 21, 2011ABF Freight System CEO Kemp to Retire
ABF Freight System President and CEO Wesley Kemp will retire at the end of the year and be succeeded by Roy Slagle, ABF’s senior vice president of sales and marketing, the company said Wednesday.
September 21, 2011TMC Creates Service Provider Study Group
RALEIGH, N.C. — The Technology & Maintenance Council added a new study group, elevating its Service Provider Committee to study group status.
Existing Home Sales Jump 7.7% in August
Existing home sales jumped 7.7% in August to a five-month high, the National Association of Realtors said Wednesday.
September 21, 2011Housing Starts Fall 5%; Building Permits Unexpectedly Climb
Housing starts fell 5% in August, but building permits increased, the Commerce Department said Tuesday.
September 20, 2011Virginia Receives Conditional Approval to Toll I-95
Virginia Gov. Bob McDonnell said the Federal Highway Administration has granted the state preliminary approval to toll Interstate 95 under a pilot program.
September 20, 2011Diesel Falls for Second Week, Declining 2.9¢ to $3.833; Gas Drops 6¢ to $3.601
Diesel’s national average pump price fell for a second straight week, declining 2.9 cents to $3.833 a gallon, the Department of Energy reported.
September 20, 2011