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.
Industry Leaders Gather in Las Vegas as Economic Outlook Brightens
As signs of an evolving U.S. economic rebound in-crease, trucking industry leaders will gather in Las Vegas, Oct. 4-7, at American Trucking Associations’ annual Management Conference & Exhibition.
October 5, 2009Lawmakers Pitch Solutions to Driver Texting ‘Epidemic’
WASHINGTON — While government officials, researchers and industry executives debated the merits of limiting driver distractions, state and federal lawmakers used last week’s distracted driving summit to pitch their various solutions to what Transportation Secretary Ray LaHood called “an epidemic.”
October 5, 2009LaHood Says Government to Ban Truckers’ Texting
WASHINGTON — The Obama administration will ban texting by truck drivers and restrict the use of other in-cab technologies as part of its effort to eliminate distracted driving, Transportation Secretary Ray LaHood said.
October 2, 2009Unemployment Rate Hits Highest Level Since 1983; Trucking Loses 3,600 Jobs
The U.S. unemployment rate rose to 9.8% in September, the highest rate since 1983, while the trucking industry lost 3,600 jobs, the Labor Department said Friday.
October 2, 2009August Factory Orders Drop 0.8%
Factory orders fell 0.8%% in August, the first decline after four months of increases, the Commerce Department said Friday.
October 2, 2009Rail, Intermodal Traffic Drop
Intermodal rail traffic in the United States fell 16.5% last week from the same week a year ago, the Association of American Railroads said in its weekly report.
October 2, 2009FedEx Trade Networks Names New CEO
FedEx Corp. has promoted Fred Schardt to chief executive officer of its FedEx Trade Networks subsidiary, the company said Thursday.
October 1, 2009ISM Factory Index Slips But Shows Expansion
An index of U.S. manufacturing activity declined slightly in September but showed overall expansion, the Institute for Supply Management said Thursday.
October 1, 2009Construction Spending Jumps in August
U.S. construction spending rose 0.8% in August, the largest increase since September 2008, the Commerce Department said Thursday.
October 1, 2009Personal Spending Rises by the Most in 8 Years
Consumer personal spending rose in August by the largest amount in almost eight years, while incomes climbed for the second consecutive month, the Commerce Department said Thursday.
October 1, 2009