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 Climb for Week

Initial jobless claims rose by 17,000 last week to 551,000, the Labor Department said Thursday.

October 1, 2009
Business, Safety, Government, Logistics

LaHood, at Summit, Calls Distracted Driving ‘Epidemic’

WASHINGTON — Transportation Secretary Ray LaHood said Wednesday that the Department of Transportation’s two-day distracted driving summit was likely to result in “something legislatively” to ban texting and driving, which he termed a national “epidemic.”

October 1, 2009
Business, Safety, Government

NAFTA Surface Trade Falls 28% in July

Surface transportation trade among the United States, Canada and Mexico plunged 28% in July from a year earlier, though rose from June, the Department of Transportation said.

September 30, 2009
Business, Government

Final GDP Reading for 2Q Revised Upward to a 0.7% Decline

The U.S. economy contracted at an annual rate of 0.7% in the second quarter, better than the 1% decline previously estimated, the Commerce Department said Wednesday.

September 30, 2009
Business, Safety, Government

Chicago Manufacturing Index Falls

Manufacturing activity in the Chicago area shrank in September, the Institute for Supply Chain Management-Chicago said Tuesday.

September 30, 2009
Business, Logistics

CN Opens Reconstructed Memphis Yard

Canadian National Railway said that it has completed a $100 million reconstruction project on its Memphis, Tenn., rail classification yard.

September 30, 2009
Government, Business, Safety

Opinion: Today’s Quiz: Truck A or Truck B?

It’s September and all over the country, America’s children are back in school. You don’t need to be a child, of course, to benefit from education and training, something particularly true in the trucking industry, where it’s vitally important for everyone involved to be at the top of his or her game.

September 30, 2009
Business, Safety, Government, Logistics

DOT Opens Two-Day National Summit on Distracted Driving

Department of Transportation Wednesday opened its two-day national summit on distracted driving, with panels of state, federal and other officials as well as interested and affected parties speaking on issues around cell phone use and texting by drivers.

September 30, 2009
Business

Navistar Names Cederoth CFO

Navistar International Corp. has named Andrew Cederoth as its new vice president and chief financial officer, it said Tuesday.

September 29, 2009
Government, Business, Safety

Senate Panel Questions Ferro Over FMCSA Confirmation Bid

WASHINGTON — Anne Ferro, President Obama’s choice to head the Federal Motor Carrier Safety Administration, had her day before the Senate Commerce Committee last week as its members weighed her confirmation.

September 29, 2009