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 Decline for Week
Initial jobless claims fell by 37,000 last week, the biggest weekly decline in almost a year, the Labor Department said Thursday.
January 20, 2011Opinion: Driver Dock Detention Costs All
Anne Ferro, administrator for the Federal Motor Carrier Safety Administration, recently addressed members of the National Industrial Transportation League about an issue that’s become all too common industrywide — driver detention at the docks.
January 20, 2011Con-way Freight Sets New Cargo-Loading System
Con-way Freight said Wednesday it has deployed a SafeStack load management and cargo protection system across its fleet of 16,800 freight trailers in North America.
January 19, 2011ABF Files Appeal on YRC-Teamsters Pact
ABF Freight System has appealed a judge’s ruling dismissing its suit against the Teamsters union and competing less-than-truckload carrier YRC Worldwide over a labor agreement reached last year between YRC and the union.
January 19, 2011Vitran to Buy Milan Express’ LTL Operations
Vitran Corp. said it plans to buy the less-than-truckload business of Milan Express, which operates 34 facilities in the central and southeastern United States, for an undisclosed price.
January 19, 2011Port of L.A.’s Exports Hit Record
Year-over-year container traffic at the Port of Los Angeles surged 16% last year, led by a record number of exports, the port said.
January 19, 2011Diesel Jumps 7.4¢ to Top $3.40 a Gallon
Diesel rose for a seventh straight week, jumping 7.4 cents to $3.407 a gallon, the Department of Energy said.
January 19, 2011Housing Starts Drop to One-Year Low; Building Permits Jump 17%
Housing starts fell to a one-year low in December, the Commerce Department said Wednesday.
January 19, 2011Estes Executive Appointed to Va. Transportation Safety Board
Curtis Carr, vice president of safety and risk management for Estes Express Lines in Richmond, Va., has been appointed to that state’s Board of Transportation Safety by Gov. Bob McDonnell.
January 18, 2011Va. Proposes Tax Credit For Shipping by Rail or Barge
Virginia Gov. Bob McDonnell wants any company that ships cargo from the port in Norfolk via barge or rail rather than truck to receive a $50 per container state income tax credit.
January 18, 2011