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.

Government, Business, Technology, Safety, Logistics, Autonomous

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.

Eleanor Lamb | Staff Reporter
April 27, 2020
Government, Business, Logistics

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.

David Pitt | Associated Press
April 27, 2020
Business, Top 100

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, 2020
Government, Business, Safety

Trump, 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.

April 27, 2020
Business, Logistics

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.

Dan Ronan | Senior Reporter
April 27, 2020
Business, Technology, Logistics, Autonomous

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.

Thomas Black | Bloomberg News
April 27, 2020
Business, Fuel

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.

Sharon Cho and Alex Longley | Bloomberg News
April 27, 2020
Business

Kansas City Southern Reports Record Q1 Revenue

Kansas City Southern reported record revenue and an increase in profit for the first quarter of 2020.

Dan Ronan | Senior Reporter
April 27, 2020
Business, Top 100

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, 2020
Business, Technology, Equipment

Mack 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