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.
Fed Notes Modest Improvement in Transport Activity
The U.S. economy improved in nine of the Federal Reserve’s 12 districts early this year, with transportation levels improving modestly, the Fed said Wednesday.
March 3, 2010NAFTA Surface Trade Increases in December
Surface transportation trade among the United States, Canada and Mexico grew in December from a year earlier, the Department of Transportation said.
March 3, 2010Obama Signs Measure Restoring Transportation Funds
President Obama signed a bill reinstating transportation funding and ending a two-day furlough of 2,000 U.S. Department of Transportation employees.
March 3, 2010New Ambassador Bridge Span Rejected
The U.S. Coast Guard has rejected plans for a second Ambassador Bridge span connecting Detroit to Windsor, Ontario, the Detroit News reported.
March 3, 2010ISM Services Index Improves
The U.S. economy’s service sector improved in February, the Institute for Supply Management said Wednesday.
March 3, 2010ISM Manufacturing Index Expands for Seventh Month
U.S. manufacturing activity expanded for a seventh straight month in February, the Institute for Supply Management said.
March 3, 2010States Scrambling Following Transport Funding Shutdown
ARLINGTON, Va. — State transportation officials said the sudden shutdown of the federal highway program is putting them at risk of abandoning projects and cutting safety programs unless Congress reaches a deal to extend the now-lapsed reauthorization.
March 2, 2010Construction Spending Drops 0.6%
Construction spending fell 0.6% in January, the Commerce Department reported.
March 2, 2010Diesel Emissions-Reduction Funds Available in SoCal
California’s South Coast Air Quality Management District is offering incentive funding of up to $50,000 for the purchase of a diesel truck or up to $100,000 for the purchase of a natural gas truck, in return for scrapping an older Class 8 diesel truck, the agency said.
March 2, 2010J.B. Hunt Names Doug Duncan to Board
J.B. Hunt Transport Services said it has elected Doug Duncan, former president of FedEx Freight, to its board of directors.
March 2, 2010