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.
Americans Are Unhappy at Work After Years of Economic Gains
The economy has added millions of jobs and pay gains have accelerated in recent years, but Americans aren’t crazy about their work.
Caterpillar Rises as Company Cutting Production to Match Demand
Caterpillar Inc. shares rebounded as investors welcomed the move by the company to cut production, helping it navigate the global economic downturn.
Norfolk Southern’s Net Income, Revenue Decline
Norfolk Southern Corp. followed the trend of Class 1 railroads reporting record operating ratios, but net income and revenue dropped in the third quarter.
Pemex Reduces Fuel Imports After Theft Crackdown
Petroleos Mexicanos imported less gasoline and diesel in the second quarter as its refineries produced more fuel and the government cracked down on fuel theft.
DOT Announces Audit of FMCSA Oversight on Driver Disqualifications
The U.S. Department of Transportation’s Office of Inspector General has initiated an audit of the Federal Motor Carrier Safety Administration’s oversight of truck driver disqualifications.
Knight-Swift’s Q3 Net Income Down 29.5% to $74.6 Million
Knight-Swift Transportation Holdings Inc. officials reported $74.6 million in net income for the quarter ended Sept. 30, a decrease of 29.5% from $105.9 million in the same period a year before, according to an Oct. 23 earnings news release.
At Tokyo Auto Show, Visions for Cars of the Future, but no Ghosn
TOKYO — The Tokyo Motor Show opens this week with plenty of futuristic technologies but absent one of the auto industry’s hugest influencers: Nissan’s former chairman, Carlos Ghosn.
Renault Joins Toyota, Mercedes With Hydrogen Van
Renault SA will offer its electric Kangoo van with added hydrogen fuel cells before the end of the year and roll out the technology to another model in 2020.
Energy Experts Remain Cautious About Price Hikes as IMO Mandate Looms
The price of low-sulfur diesel is expected to surge in the near future as a mandate that cargo ships dramatically cut sulfur emissions takes effect.
UPS Predicts Record Holiday Season
UPS Inc. says it has been preparing for what it expects to be a record-breaking holiday shipping season by building additional automated facilities and adding jets to its fleet to handle more packages as online shopping continues to grow.