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

New York City to Close Sections of Broadway

New York City officials plan to close to traffic seven midtown blocks of Broadway in Manhattan, Bloomberg News reported Thursday.

February 26, 2009
Business, Government

New Home Sales Fall 10% to Lowest Level on Record

January new home sales fell to the lowest level on record, the Commerce Department said Thursday.

February 26, 2009
Business, Fuel, Government

Obama Urges Cap-and-Trade Legislation

President Obama urged Congress Tuesday night to pass legislation to implement a cap-and-trade program to regulate carbon pollution in the United States, Agence France-Presse reported.

February 25, 2009
Business, Logistics, Government

Existing Home Sales Fall in January

Existing homes sales declined 5.3% in January, while the median price of a home fell 15% from the same month last year, the National Association of Realtors said Monday.

February 25, 2009
Business, Logistics

Greatwide Finalizes Sale to Creditors

Greatwide Logistics Services completed the sale of itself to its creditors, the company said last week.

February 25, 2009
Business

Solis Confirmed as Labor Secretary

The Senate confirmed congresswoman Hilda Solis (D-Calif.) as the Secretary of Labor under President Obama Tuesday, the Associated Press reported.

February 25, 2009
Business, Logistics

Schneider National Freezes Pay

Truckload carrier and third-party logistics company Schneider National said it is freezing its employees’ pay this year, the Associated Press reported Tuesday.

February 25, 2009
Government, Business

Consumer Confidence Reaches New Record Low

Consumer confidence fell to a new record low in February, the Conference Board said Tuesday.

February 24, 2009
Business, Logistics

Unyson Logistics Signs With Big Lots

Hub Group announced last week that one of its divisions it will provide logistics and supply chain management services for national retailer Big Lots.

February 24, 2009
Business, Government

Appropriations Bill Seeks End to Cross-Border Trucking Program

An appropriations bill introduced Monday in the House of Representatives would put an end to the controversial cross-border trucking program introduced in 2007.

February 24, 2009