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.
Kansas DOT Selects 22 Projects Through Cost Share Program
State leaders recently announced 22 projects have been selected as part of the Kansas Department of Transportation’s Cost Share Program, which is meant to provide funding for transportation initiatives.
Shell to Buy French Offshore Wind-Power Developer
Royal Dutch Shell Plc has agreed to buy French offshore wind developer Eolfi SA, continuing its expansion into renewable power.
TFI Reports Revenue Up 1% in Q3
TFI International Inc. reported higher revenue in the third quarter of 2019, while profits ticked downward.
TA Posts Strong Q3 Results
TravelCenters of America Inc. reported strong third-quarter earnings when the Westlake, Ohio-based company announced its financial results Nov. 5.
October Class 8 Orders Highest in 11 Months
Preliminary net Class 8 orders for October, a bellwether month, were 22,100 and the highest in 11 months, ACT Research reported.
Tesla Hopes to Get China Carmaking License by Year-End
Tesla Inc. has completed its new factory near Shanghai and is working with local authorities to obtain a manufacturing license, which it hopes to receive by the end of the year, Chairman Robyn Denholm said.
November 5, 2019UPS Debuts Home Delivery of CVS Medicine by Drone
UPS Inc. has expanded its revenue-generating drone flights beyond hospital campuses, delivering prescription medicines to two customers’ homes from a CVS Health Corp. pharmacy in Cary, N.C.
China Wants US to Drop Tariffs on $360 Billion of Imports for Trade Deal
China is seeking the rollback of U.S. tariffs on as much as $360 billion of Chinese imports before President Xi Jinping agrees to go to the U.S. to sign a partial trade deal with President Donald Trump, according to people familiar with the matter.
November 5, 2019US Trade Deficit Falls to $52.5 Billion in September
The U.S. trade deficit fell in September to the lowest level in five months as imports dropped more sharply than exports and America ran a rare surplus in petroleum.
Operational Cost of Trucking Up 7.7%, ATRI Report Says
The costs associated with trucking have increased substantially, according to a new report from the American Transportation Research Institute.