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, Top 100

Two Former Celadon Executives Charged in Fraud Scheme

The Securities and Exchange Commission and federal prosecutors on Dec. 5 charged two former top executives of Indianapolis-based trucking company Celadon Group Inc. for their participation in an accounting fraud in 2016 and 2017 that allegedly inflated the company’s income and earnings per share.

Eric Miller | Senior Reporter
December 5, 2019
Business, Safety, Logistics

Lineage Acquires Emergent Cold as Refrigerated Supply Heats Up

Lineage Logistics Holdings said it will acquire Emergent Cold in the latest consolidation of cold-storage companies that do business globally.

Jim Stinson | Staff Reporter
December 5, 2019
Government, Business, Fuel

Saudi Aramco Plans $25.6 Billion Share Sale in Richest IPO Ever

DUBAI, United Arab Emirates — Saudi Arabian oil company Aramco on Dec. 5 set a share price for its IPO — expected to be the biggest ever — that puts the value of the company at $1.7 trillion, more than Apple or Microsoft.

Aya Batrawy | Associated Press
December 5, 2019
Business

Freight Rail Growth Slows Due to Competition From Trucking

Growth in rail freight has been hampered this year by competition from trucking, in part driven by trucking’s falling rates and extra capacity.

Dan Ronan | Senior Reporter
December 5, 2019
Government, Business

Share of Small Businesses Planning Higher Pay Nears Record

As a tight labor market makes filling positions more difficult, 26% of U.S. small-business owners plan to increase pay in coming months, the most since a record in 1989, according to a National Federation of Independent Business report out Dec. 5.

Reade Pickert | Bloomberg News
December 5, 2019
Business, Technology, Fuel

Toyota Having Trouble Keeping Hybrid Car Models in Stock

Toyota Motor Corp. has a problem with selling its hybrids — it can’t get enough of them.

Chester Dawson | Bloomberg News
December 5, 2019
Government, Business

Enhance Freight Connectivity in Next Highway Bill, Executives Tell US House Panel

Consideration in Congress of an extensive update to federal transportation guidelines must prioritize sustainable funding that enhances freight connectivity and reduces congestion, industry stakeholders told lawmakers on Capitol Hill on Dec. 5.

Eugene Mulero | Senior Reporter
December 5, 2019
Business, Top 100

Class 8 Orders Slump for Weakest November Since 2015

Preliminary North American Class 8 net orders for November passed 17,000 and hit the second-highest point reached this year, but analysts at two data-tracking firms said it did nothing to alter the slumping direction of the overall trend.

Roger Gilroy | Senior Reporter
December 5, 2019
Government, Business, Logistics, TCA

Possibilities, Costs ‘Enormous’ for A2A Rail

The backers of a new rail line to link Alaska to Canada and Lower 48 markets insist it would generate upward of $5 billion of freight revenue through the state.

Elwood Brehmer | Alaska Journal of Commerce
December 5, 2019
Government, Business

US Trade Gap Narrows 7.6% to $47.2 Billion in October

WASHINGTON — The U.S. trade deficit narrowed in October as imports fell faster than exports. The politically sensitive trade gap with China dropped.

Paul Wiseman | Associated Press
December 5, 2019