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.
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.
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.
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.
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.
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.
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.
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.
Labor Shortage Hits Denver Rush Hour With Light-Rail Cuts
The U.S. labor shortage is taking a toll on Denver’s rush hour.
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.
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.