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.
USA Truck Plans to Cut Costs Following Disappointing Q3 Earnings
USA Truck posted disappointing earnings when the Van Buren, Ark.-based carrier released its third-quarter financial report Oct. 31.
PPG Adds Adhesives and Sealants Research Facility
PPG Industries Inc. announced it recently completed a 2,100-square-foot automotive adhesives and sealants laboratory on the company’s existing 42-acre manufacturing and research complex in Cleveland.
November 1, 2019Construction Spending Rises 0.5% in September
WASHINGTON — U.S. construction spending rose 0.5% in September, boosted by government and private residential projects.
Pelosi Calls USMCA ‘Easiest Trade Deal,’ Sees Vote When Ready
House Speaker Nancy Pelosi said President Donald Trump’s USMCA deal is the “easiest trade deal that we’ve ever done.”
WTO: China Can Hit US With Sanctions Worth $3.6 Billion
GENEVA — The World Trade Organization says China can impose sanctions on up to $3.6 billion worth of U.S. goods over the U.S. government’s failure to abide by anti-dumping rules with regard to Chinese products.
November 1, 2019US Manufacturing Contracts for Third Straight Month
WASHINGTON — U.S. manufacturing output dropped for the third straight month in October as trade tensions and a slowing global economy took a toll on American factories.
Nissan Names CFO, Shuffles Executives as New CEO Takes Over
Nissan Motor Co. unveiled the responsibilities of its new top managers, appointing a new chief financial officer and making other executive moves as the Japanese automaker seeks to turn a new page almost a year since the arrest of former Chairman Carlos Ghosn.
US Added a Solid 128,000 Jobs in October Despite GM Strike
WASHINGTON — U.S. employers added a solid 128,000 jobs in October, a figure that was held down by a now-settled strike against General Motors that caused several thousand workers to be temporarily counted as unemployed.
Exxon Profit Plummets With Plenty of Oil to Go Around
IRVING, Texas — Exxon Mobil’s profit tumbled with crude prices down about 15% from where they were last year, though a $300 million boost from a tax-related item helped.
November 1, 2019Allison Reports Lower Q3 Results
Allison Transmission Holdings Inc. reported lower net income and revenue in the third quarter amid uneven demand in its markets.