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

European Commission President: US Auto Tariffs Not Expected

BERLIN — Outgoing European Commission President Jean-Claude Juncker says he does not think U.S. President Donald Trump will impose new tariffs targeting European automobiles.

November 8, 2019
Business, Logistics, Top 50

Americold’s Net Income Climbs 10.6% in Q3

Americold Realty Trust, a global real estate company focused on temperature-controlled warehouses, said it grew its net income by 10.6% to $27.1 million in the quarter ended Sept. 30, over income of $24.5 million in the same quarter last year.

Jim Stinson | Staff Reporter
November 7, 2019
Business, Technology, Equipment, Fuel

GM Sells Shuttered Lordstown, Ohio, Assembly Plant to Electric Vehicle Startup

Lordstown Motors Corp., the electric-truck startup formed specifically to save a shuttered Ohio car factory, has acquired the highly politicized plant from General Motors Co.

David Welch | Bloomberg News
November 7, 2019
Business, Logistics, Top 100

Holiday Season Returns Will Set Record, UPS Predicts

This holiday season is projected to be so busy, UPS even expects to set a record for returned merchandise.

Jim Stinson | Staff Reporter
November 7, 2019
Business, Top 100, TCA

UPS Launches Rewards Program for Access Point Use

UPS is launching a holiday rewards program to encourage customers to pick up packages at alternate locations through its Access Point network, which include Michaels stores, UPS Stores and local businesses like delis, dry cleaners and flower shops.

Kelly Yamanouchi | The Atlanta Journal-Constitution
November 7, 2019
Government, Business, Logistics, TCA

Jacksonville Port Authority Receives $20 Million Grant

The Jacksonville Port Authority is the recipient of a $20 million grant for infrastructure improvements to include reconstructing about 100 acres of pavement at the SSA Jacksonville Container Terminal on Blount Island to allow the port to better accommodate large container vessels.

Scott Butler | The (Jacksonville) Florida Times-Union
November 7, 2019
Government, Business, Technology, TCA

Conn. Rail Plan Would Cut Travel From New Haven to New York by 30 Minutes

Gov. Ned Lamont will call Nov. 7 for more than $4 billion in improvements for the Metro-North Railroad to cut travel times and alleviate traffic congestion in lower Fairfield County.

Christopher Keating | The Hartford (Conn.) Courant
November 7, 2019
Government, Business, Technology, Logistics, Autonomous, TCA

As L.A. Ports Automate, Some Workers Are Cheering On Robots

The arrival of robots at the Port of Los Angeles is exposing a stark economic divide between two sets of Southern California workers.

Margot Roosevelt | Los Angeles Times
November 7, 2019
Business, Technology

Toyota Q2 Profit Up 1% on Healthy Global Sales

TOKYO — Toyota Motor Corp.’s net profit edged 1% higher in the July-September quarter as vehicle sales grew around the world, Japan’s top automaker reported Nov. 7.

Yuri Kageyama | Associated Press
November 7, 2019
Government, Business, Technology

IG Audit Rates DOT Information Systems ‘Not Effective’

The U.S. Department of Transportation’s information systems and the sensitive data they contain are “not effective” in all critical “maturity levels,” according to a new audit issued by the DOT Office of the Inspector General.

Eric Miller | Senior Reporter
November 7, 2019