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.
FedEx Announces 2020 Rate Increases
FedEx Corp. said on Sept. 16 that its customers will see shipping rate increases and surcharges effective Jan. 6, 2020.
Diesel Sees Slight Price Increase as Analysts Study Impact of Saudi Damage
Even while oil industry analysts are assessing the damage to Saudi Arabia’s oil field from an aerial attack Sept. 14, the nationwide price of diesel fuel climbed by 1.6 cents to $2.987 per gallon, according to the U.S. Department of Energy report Sept. 16.
Amazon Falls After Report That the Company Prioritized Profit in Its Search Listings
Amazon.com shares fell following a report that the e-commerce giant adjusted its product search results to emphasize items that are more profitable to the company.
US Chamber Leader Tom Donohue Hopeful About Infrastructure Bill’s Passage
U.S. Chamber of Commerce CEO Tom Donohue indicated on Sept. 16 that a window of opportunity finally has opened up for Congress to act meaningfully on a federal infrastructure measure. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.
Energy Transfer Is Back to Dealmaking With SemGroup Buy
U.S. pipeline giant Energy Transfer agreed to acquire rival operator SemGroup Corp. for about $1.35 billion in a stock and cash deal, building out billionaire Kelcy Warren’s empire even as investors demand financial discipline.
Medium-Duty Sales in August Improve Again
U.S. retail sales of medium-duty trucks in August continued to climb, WardsAuto.com reported.
Cyberattacks: The Ever-Rising Threats
Cyberattacks represent an ever-increasing risk that motor carriers and fleets are up against — and which may not be insured under the typical coverages they carry, insurance industry experts said.
Coyote Logistics Makes Managerial Appointments
Coyote Logistics made several new appointments to its executive leadership team, according to a Sept. 13 news release.
September 16, 2019With Trump Trade War a Threat, Fed Is Set to Cut Rates Again
WASHINGTON — For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and President Donald Trump’s trade war with China.
Cass Freight Index Signals US Economic Contraction by Year’s End
The Cass Freight Index, a monthly measure of rail, trucking and airfreight volume, dropped 3% in August from a year earlier, the ninth consecutive month of declines.