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.
Business Expectations Index Drops to Record Low
A gauge of service industries’ business expectations fell in August to the lowest level since the survey started in October 2009, according to the IHS Markit monthly report.
US Productivity Climbs 2.3% in Second Quarter
Productivity rose at a healthy pace in the second quarter but dropped at American factories, another sign of trouble for manufacturers.
Companies Add Most Jobs in Four Months
U.S. companies added the most jobs in four months in August while jobless claims stayed low last week, reports showed Sept. 5, suggesting the labor market remains healthy despite a slowdown in manufacturing and global weakness.
Oil Rises Toward $57 as US and China Plan Talks
Oil rose near $57 a barrel as China said it will resume talks with the U.S. to try and resolve a trade impasse that has weighed on global growth and fuel consumption.
Federal Reserve Finds Wide Tariff Anxiety
U.S. companies showed widespread concerns about tariff and trade policy uncertainty, but generally reported minimal impact thus far, according to a regional survey from the Federal Reserve.
Hurricane Dorian, Back to a Category 3, Creeps Up East Coast
CHARLESTON, S.C. — Hurricane Dorian, back to a Category 3 storm, began raking the Southeast U.S. seaboard late Sept. 4, threatening to inundate low-lying coasts from Georgia to southwest Virginia with a dangerous storm surge after its deadly mauling of the Bahamas.
September 4, 2019China Says Trade Talks With US to Be Held in October
BEIJING — China’s Commerce Ministry says talks with the United States on ending their tariff war will take place in early October in Washington, later than previously planned.
September 4, 2019Descartes Systems Group Reports Growth in Income, Revenue
The Descartes Systems Group Inc., a Canadian logistics company, reported net income of C$8.6 million for the second quarter of its 2020 fiscal year, up 1% from $8.5 million in the same period last year.
Fed Says Most Businesses Optimistic, Consumer Spending ‘Mixed’
The U.S. economy grew at a modest pace through much of July and August, with companies remaining upbeat despite disruption caused by international trade disputes, a Federal Reserve survey found.
Driver Detention Has Increased in Recent Years, ATRI Finds
Driver detention at customer facilities has increased in recent years, according to new data from the American Transportation Research Institute.