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.
Americold Sees Surge in Q1 Profits, Revenue
Refrigerated warehouse operator Americold Realty Trust saw revenue and profits jump in the first quarter as its storage and distribution network played a key role in supplying a surge in grocery demand in response to the coronavirus pandemic.
Trump Casts Doubt on Future of China Trade Deal
President Donald Trump cast doubt on the future of his “phase one” trade deal with China, one of the biggest accomplishments of his first term, saying May 8 that he’s struggling with Beijing in the wake of the global coronavirus pandemic.
Great Dane Adds Velocity Vehicle Group as Dealer
Great Dane announced Velocity Vehicle Group is now a full-service Great Dane dealer.
May 8, 2020Orange EV Places First Electric Terminal Truck in Missouri
Orange EV announced Terminal Consolidation Co. deployed an Orange EV T-Series battery-electric terminal truck to move shipping containers at TCC’s Kansas City, Mo., operation.
May 8, 2020Trucking Industry Chassis Dispute With Ocean Carriers Heats Up
U.S. trucking companies that operate at the nation’s ports are preparing to take a long-simmering financial dispute with overseas ocean carriers to the Federal Maritime Commission.
Musk’s Aim to Restart Tesla Plant Sets Up Potential Clash
Tesla Inc. plans to reopen its sole U.S. car factory as soon as May 8, possibly setting up another battle with local health authorities in California.
May 8, 2020Jobless Rate Triples to 14.7% in Sharpest Labor Downturn
In the harshest downturn for American workers in history, employers cut an unprecedented 20.5 million jobs in April and the unemployment rate more than tripled to 14.7%.
Former XPO Executive to Become Next Postmaster General
A Republican fundraiser and political donor from North Carolina who also worked as an executive at XPO Logistics will be the next postmaster general.
May 7, 2020Lawmakers Still Eyeing Highway Bill Despite Coronavirus Relief Efforts
Legislators are keeping an eye on advancing a new highway policy measure as the federal response to the novel coronavirus dominates much of lawmakers’ time and attention.
Oil Slips With Glut Concerns, Reversing Saudi Price Hike Boost
Oil fell in a day of wild price swings as investors weighed supply-and-demand fundamentals against Saudi Arabia’s global price hike.