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.

Business

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.

Dan Ronan | Senior Reporter
November 1, 2019
Business, Technology, Autonomous

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, 2019
Government, Business

Construction Spending Rises 0.5% in September

WASHINGTON — U.S. construction spending rose 0.5% in September, boosted by government and private residential projects.

Matt Ott | Associated Press
November 1, 2019
Government, Business

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.”

Jenny Leonard | Bloomberg News
November 1, 2019
Government, Business

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, 2019
Government, Business

US 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.

Paul Wiseman | Associated Press
November 1, 2019
Business, Technology

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.

November 1, 2019
Government, Business

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.

Josh Boak | The Associated Press
November 1, 2019
Business, Fuel

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, 2019
Business, Equipment

Allison Reports Lower Q3 Results

Allison Transmission Holdings Inc. reported lower net income and revenue in the third quarter amid uneven demand in its markets.

Roger Gilroy | Senior Reporter
October 31, 2019