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.
Turnover at Port Tampa Bay: Conflicts or Coincidence?
TAMPA — In three months this spring, Port Tampa Bay saw four members of its leadership team resign. Normal turnover, port officials say. But two of those departing employees hinted or said outright they felt not all was well.
Trump Orders Biofuel Boost in Bid to Temper Farm State Anger
President Donald Trump, seeking to tamp down political fallout in U.S. farm states essential to his re-election, has ordered federal agencies to shift course on relieving some oil refineries of requirements to use biofuel such as corn-based ethanol.
Amazon to Open Another North Carolina Facility
HIGH POINT, N.C. — A north High Point warehouse under construction near Interstate 40 will be a delivery station for Amazon.com, the online retail giant confirmed Aug. 22.
Keystone XL Clears Hurdle as Nebraska Court Approves Route
TC Energy Corp.’s long-delayed Keystone XL oil pipeline cleared a significant legal hurdle as the Nebraska Supreme Court ruled that regulators’ approval of the conduit’s route through the state was valid.
Powell Says Economy in Favorable Place, Faces Significant Risks
Federal Reserve Chairman Jerome Powell said the U.S. economy is in a favorable place but faces “significant risks” as growth abroad slows amid trade uncertainty.
New Home Sales Slid 12.8% in July
WASHINGTON — Sales of new U.S. homes fell a sharp 12.8% in July as higher prices and limited inventory sidelined would-be buyers.
With Talks on Ice, Deadline Slips for EU Trade Deal With US
The European Union won’t clinch a trade deal with the U.S. by Nov. 1 as originally targeted, according to the bloc’s chief trade negotiator.
Amazon Takes Options to Buy Stake in Cargojet
Amazon.com has signed a deal with Cargojet Inc. that would allow the online retailer to buy a stake in the Canadian cargo carrier.
China Hits US With Higher Tariffs on Soybeans, Cars, Oil
China announced plans to impose additional tariffs on $75 billion of American goods including soybeans, automobiles and oil — retaliation for President Donald Trump’s latest planned levies on Chinese imports that sent U.S. stock futures tumbling.
August 23, 2019DTNA Cites Increase in Active Safety Adoption
YOUNTVILLE, Calif. — Executives at Daimler Trucks North America cited an increase in customer take rates for active safety technology and provided updates on the manufacturer’s initiatives to enhance maintenance and customer service during a press event here Aug. 20.