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 9,000 for Week

Initial jobless claims decreased by 9,000 last week to 423,000, the Labor Department said Thursday.

September 22, 2011
Business

Critical 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, 2011
Business, Logistics

CSC 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, 2011
Business

DeFazio 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, 2011
Business

ABF 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, 2011
Business, Equipment

TMC 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.

Jonathan S. Reiskin | Associate News Editor
September 21, 2011
Business

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, 2011
Business

Housing Starts Fall 5%; Building Permits Unexpectedly Climb

Housing starts fell 5% in August, but building permits increased, the Commerce Department said Tuesday.

September 20, 2011
Business

Virginia 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, 2011
Business, Fuel

Diesel 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