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.
NCDOT Looks to Drones as Coronavirus Relief Tool
The North Carolina Department of Transportation is preparing to launch a public-private partnership that will use drones in coronavirus-related relief efforts.
Virus Is Expected to Reduce Meat Selection, Raise Prices
Meat isn’t going to disappear from supermarkets because of outbreaks of the coronavirus among workers at U.S. slaughterhouses. But as the meat plants struggle to remain open, consumers could face less selection and slightly higher prices.
Daseke Selects New Executive Vice President, Chief Financial Officer
Daseke Inc. has appointed trucking industry veteran Jason Bates to the post of executive vice president and chief financial officer.
April 27, 2020Trump, Retailers Set to Announce Expanded Coronavirus Testing
President Donald Trump and retailers are expected to announce wider availability of coronavirus tests as his administration seeks to address concerns from states and business leaders that U.S. testing must be more robust for Americans to feel comfortable returning to work.
CSX Reports Declines in First-Quarter Earnings, Revenue
CSX Corp. on April 22 announced a first-quarter earnings drop of 8% to $770 million, or $1 per share, compared with $834 million, or $1.02, in the same quarter of 2019.
UPS to Fly Medications by Drone to Florida Retirement Community
UPS Inc. will use drones to fill prescriptions for residents of The Villages in Florida, one of the country’s biggest retirement communities, amid a lockdown to halt the coronavirus.
Oil Plunges Back Below $12 With ETF Sell-Off Adding to Pressure
Oil slumped below $12 a barrel as the biggest oil ETF said it will sell out of its June WTI futures position, adding to the downward pressure from a huge glut.
Kansas City Southern Reports Record Q1 Revenue
Kansas City Southern reported record revenue and an increase in profit for the first quarter of 2020.
USA Truck Appoints New Senior Vice President, Chief Financial Officer
USA Truck appointed Zachary King as its newest senior vice president and chief financial officer, the company announced April 22.
April 27, 2020Mack Reports Parts Distribution Centers Operating as Normal
Mack Trucks announced it is encouraging customers and dealers to order parts as they normally would and in a normal quantity, and Mack parts distribution centers will continue to fulfill orders on a typical schedule.
April 27, 2020