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.
Port Authorities Commit to Stay Open Amid Coronavirus Pandemic
Twenty port authorities in Asia, Europe, the Middle East and North America signed a declaration committing to stay open amid the coronavirus pandemic.
Schneider Partners With Overhaul to Improve Freight Visibility and Security
Schneider National is aiming to improve freight visibility options and security by partnering with Overhaul, the company announced April 21.
April 27, 2020Canadian Pacific Reports Lower Net Income, Robust Revenue in Q1
Canadian Pacific reported reduced first-quarter earnings April 21 as the railroad’s revenue was up 15.6% to C$2.04 billion compared with $1.77 billion in the same quarter a year ago.
Union Pacific Reports Strong Q1 Earnings
Union Pacific Corp. reported first-quarter earnings that outpaced Wall Street expectations, even as its quarterly revenue dipped.
Clean Energy Fuels Offers Cost Calculator to Fleets
Clean Energy Fuels Corp. announced it launched an online calculator to estimate the cost of transitioning an individual vehicle or an entire fleet to natural gas from diesel fuel.
April 24, 2020VTNA Encourages E-Commerce Use for Parts
Under the current COVID-19 working conditions, Volvo Trucks North America announced it is encouraging customers to utilize the Volvo Select Part Store, its e-commerce parts platform, and replace in-person transactions with online ordering and direct delivery.
April 24, 2020Trump Criticizes Postal Service, Says It Should Boost Rates for Amazon
President Donald Trump said the U.S. Postal Service is “a joke” and should quadruple the rate it charges major companies to ship a package, but is too frightened of Amazon .com Inc. to do so.
CVSA Cancels Inspectors Championship Over Coronavirus
This year’s North American Inspectors Championship has been canceled due to coronavirus-related safety concerns, the Commercial Vehicle Safety Alliance announced April 23.
Meat Supply Threats Grow With First Brazil Shutdown
It’s no longer just the U.S. that’s facing a meat scare. Top exporter Brazil is seeing its first plant shutdown, meaning the coronavirus is now snarling supplies from arguably the world’s most critical producer.
Michigan’s Extended Order Keeps Auto Industry’s Restart in Limbo
Michigan Gov. Gretchen Whitmer extended her stay-home order another two weeks to May 15 and kept the state’s carmakers and suppliers in limbo over how soon they’ll be able to reopen.