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.
Jobless Claims Hit Three-Week Low
Applications for unemployment benefits in the U.S. unexpectedly declined to a three-week low despite a strike by General Motors Co. workers that continues to reverberate through supporting industries.
FMCSA Administrator Ray Martinez to Leave Post
Federal Motor Carrier Safety Administrator Ray Martinez will be leaving his position at the end of October.
GM Strike Seen Forcing Credit Firms to Mull Action
The United Auto Workers union’s strike against General Motors Co. may force credit raters to take action and move the company closer to junk status, according to Bloomberg Intelligence.
Massive California Blackout Could Prevent Fires but at Big Cost
Even a brief blackout can be costly. Now California faces the experiment of finding what out happens economically when a modern metropolitan area goes without power — on purpose — for what could be days.
Regulators Want to Know if Cameras Should Replace Car Mirrors
Drivers in the U.S. may one day no longer have to crane their necks to check their blind spots if regulators agree to let high-tech cameras and screens replace the humble side-view mirror.
For ATA’s New Chairman Randy Guillot, Life and Work Are Family Affairs
NEW ORLEANS — Business was going quite well for family-owned Triple G Express Inc. during the summer of 2005, as the city best known for its 24-hour nightlife, vibrant live music scene and spicy Cajun cuisine also served as a great base of operations for the intermodal motor carrier and its decades-old less-than-truckload affiliate, Southeastern Motor Freight Inc.
New Chairman's Perspective: Connecting the Trucking Industry
From Randy Guillot: The business of moving freight is all about connection. The connection between shipper and carrier, between driver and vehicle, between technician and engine — all of these are critical.
Small Ships Are Next Big Thing for LNG Market
Giant oceangoing tankers built the liquefied natural gas industry into a $150 billion-a-year business. The next expansion opportunity may come from ships a seventh of the normal size.
Farms Face Long-Term Losses From Trump Trade War, Group Warns
U.S. farmers and agribusinesses face a rising threat of long-term losses in export sales as President Donald Trump’s trade war with China continues, Boston Consulting Group warned in a report.
UPS Invests $450 Million in CNG Trucks, Stations
UPS Inc. announced it will spend $450 million to add 6,000 vehicles powered by compressed natural gas as well as supporting infrastructure beginning next year.