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.
New Life Adds UBLights to Product Line
New Life Transport Parts Center has added the UBLights product line as a cost-effective alternative to its existing lighting and safety portfolio, available through its distribution network.
May 4, 2020Automakers Avoid Disaster With 0% Financing
Zero-percent auto financing deals hit a record last month as carmakers kept the U.S. auto market from collapsing.
Mississippi DOT Starts Work on Highway Construction Project
The Mississippi Department of Transportation recently began a construction project to extend state Route 76 as part of a regional highway development effort.
U.S. Steel Foreshadows Blue-Collar Pain With 2,700 Layoffs
U.S. Steel Corp. expects to lay off about 2,700 employees as the virus forces the company to idle most of its blast furnaces.
Universal Logistics Reports Revenue Increases, but Net Income Falls in Q1
Universal Logistics Holdings saw revenue increase but net income decline during a first quarter marked by what its leader described as a “deteriorating operating environment caused largely by the COVID-19 pandemic.”
Railroads on Track to Meet PTC Deadline, GAO Reports
A sense of optimism about the ability to fully implement automatic braking systems prior to a Dec. 31 deadline is shared by the country’s rail operators, according to a new report by the Government Accountability Office.
Forward Air Reports $342.5 Million Revenue for Q1
Forward Air Corp. posted increased revenue but narrower net income for the first quarter of 2020, the company reported.
FMCSA Adopts Crash Accountability Program
The Federal Motor Carrier Safety Administration on May 1 announced that effective immediately it is making permanent a pilot program that will not count a crash in which a motor carrier was not at fault when calculating the carrier’s safety measurement profile. It also is expanding the types of crashes that may be considered.
TravelCenters of America Reorganizes, Names Chief Information Officer
TravelCenters of America Inc. announced a companywide reorganization intended to improve operational efficiency and profitability, including the appointment of Sandy Rapp as chief information officer.
Manufacturing Falls in April as Virus Ravages Economy
WASHINGTON — U.S. manufacturing retreated again in April, a victim of economic fallout from the coronavirus outbreak.