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

Retail Sales Rise 1.1% in September

Retail sales climbed 1.1% in September, the largest gain since February, the Commerce Department said Friday.

October 14, 2011
Business, Logistics

Intermodal Traffic Rises 2.4% for Week

U.S. intermodal traffic rose 2.4% last week from a year ago, led by an increase in container traffic, the Association of American Railroads said.

October 14, 2011
Business

FMCSA Set to Issue Operating Authority to Mexican Carrier

The Federal Motor Carrier Safety Administration said Friday it will issue a permit for a Mexican carrier to begin operations in the U.S. under the cross-border trucking program.

October 14, 2011
Business

DOT Freight Transport Index Rises 4.6%

The Department of Transportation’s freight transportation services index rose 4.6% in August from a year ago as shipments reached their highest level in three years, DOT said Thursday.

October 13, 2011
Business

First Mexican Trucking Permit Delayed on Safety Concerns

The Department of Transportation is delaying the first permit for a Mexican trucking company to start cross-border operations, citing safety questions raised in public comments, Bloomberg reported Thursday.

October 13, 2011
Business

Congress Approves Three Free-Trade Deals

Congress approved the biggest free-trade agreements since 1994, approving deals with South Korea, Colombia and Panama late Wednesday that are expected to be signed by President Obama, Bloomberg reported.

October 13, 2011
Business, Logistics

FedEx Ground Expands Network with New Distribution Hub

FedEx Ground, the small-package ground unit of FedEx Corp., on Wednesday announced the opening of a new $100 million distribution hub.

October 13, 2011
Government, Business

Infrastructure Bank ‘Dead on Arrival,’ House Transportation Committee Says

WASHINGTON — House Republicans attacked President Obama’s proposal for a national infrastructure bank at a hearing Wednesday, saying it is unnecessary and its goals could be achieved through other means.

Timothy Cama | Staff Reporter
October 13, 2011
Business, Logistics

Menlo Launches Transportation Services

Menlo Worldwide Logistics has announced it is rolling out Menlo Transportation Services as a single, unified service to complement other supply chain and logistics offerings.

October 13, 2011
Business

U.S. Trade Deficit Unchanged in August

The U.S. trade deficit was little changed in August at $45.6 billion, down slightly from $45.8 billion in July, the Commerce Department said Thursday.

October 13, 2011