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.

Government, Business, Safety, Fuel

Pennsylvania’s Gas Politics Churn as Trump Embraces Industry

EXTON, Pa. — For a second time in three months, President Donald Trump is headed to Pennsylvania to promote his support for the natural gas industry, making clear that he sees his pro-industry policies as a boost to his chances of winning the battleground state.

Marc Levy | Associated Press
October 23, 2019
Government, Business, Safety, Fuel

Colonial Pipeline Eyes Expansion for Nashville Jet Fuel Demand

The busiest U.S. fuel pipeline might expand jet fuel deliveries to respond to growing demand in Nashville.

October 23, 2019
Government, Business, Technology

CN Reports Strong Q3 Earnings, but Officials Say Rail Volume is Dropping

Canadian National Railway joined the growing list of Class 1 railroads to report strong third-quarter financial results, and at the same time drive down costs by improving efficiency by adopting the principle of precision scheduling railroading.

Dan Ronan | Senior Reporter
October 22, 2019
Business, Logistics, Top 100

Covenant Transportation Posts $3.2 Million Net Loss in Q3

Covenant Transportation Group Inc. reported a net loss of $3.2 million in the third quarter of 2019, compared with net income of $11.6 million in the same quarter of 2018.

Jim Stinson | Staff Reporter
October 22, 2019
Government, Business, Technology, Safety

Federal Officials Highlight Disaster Mitigation Program

WASHINGTON — A Federal Emergency Management Agency official addressing a House transportation panel Oct. 22 touted a disaster mitigation program established last year.

Eugene Mulero | Senior Reporter
October 22, 2019
Business

Chevron Sees ‘Boom Boom Boom’ Permian Despite Signs of Slowdown

Chevron Corp. sees a “boom boom boom kind of economy” in West Texas, shrugging off signs of a Permian Basin slowdown showing up in everything from jobs to hotel rooms.

David Wethe | Bloomberg News
October 22, 2019
Business, Logistics

ATA’s Truck Tonnage Index Rises 3.5% Over September 2018

Truck tonnage for the month of September rose 3.5% compared with year-ago levels, and inched up on a sequential basis over August 2019, according to American Trucking Associations' For-Hire Truck Tonnage Index.

Dan Ronan | Senior Reporter
October 22, 2019
Government, Business

Labor Shortage Hits Denver Rush Hour With Light-Rail Cuts

The U.S. labor shortage is taking a toll on Denver’s rush hour.

Vincent Del Giudice | Bloomberg News
October 22, 2019
Business, Technology

Lyft Forecasts Profit by End of 2021, Sending Shares Surging

Ride-hailing company Lyft Inc. is expected to turn a profit by the end of 2021, a year earlier than analysts had expected, company executives said.

Lizette Chapman | Bloomberg News
October 22, 2019
Government, Business, Fuel

Trudeau Team Seeks to Calm Oil Patch Fears of Pipeline Debacle

One of Justin Trudeau’s top lieutenants says the Canadian prime minister will proceed with an expansion of the Trans Mountain oil pipeline even as he’s now likely to share power with the more environmentally minded New Democratic Party.

Kevin Orland | Bloomberg News
October 22, 2019