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

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.

Reade Pickert | Bloomberg News
October 23, 2019
Business, Equipment

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.

October 23, 2019
Business, Logistics

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.

Dan Ronan | Senior Reporter
October 23, 2019
Government, Business, Fuel

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.

Amy Stillman | Bloomberg News
October 23, 2019
Government, Business, Safety

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.

Eleanor Lamb | Staff Reporter
October 23, 2019
Business

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.

Jim Stinson | Staff Reporter
October 23, 2019
Business, Technology, Autonomous

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.

Yuri Kageyama | Associated Press
October 23, 2019
Business, Technology, Fuel, Autonomous

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.

Ania Nussbaum | Bloomberg News
October 23, 2019
Business, Fuel

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.

Dan Ronan | Senior Reporter
October 23, 2019
Business, Top 100, TCA

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.

Kelly Yamanouchi | The Atlanta Journal-Constitution
October 23, 2019