Business

About Business News...

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.

Government, Business, TCA

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.

Richard Danielson | Tampa Bay Times (St. Petersburg, Fla.)
August 23, 2019
Government, Business, Fuel

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.

August 23, 2019
Business, Logistics, TCA

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.

Pat Kimbrough | The High Point Enterprise (N.C.)
August 23, 2019
Government, Business, Fuel

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.

August 23, 2019
Government, Business

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.

August 23, 2019
Government, Business

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.

Bani Sapra | Associated Press
August 23, 2019
Government, Business

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.

Rafaela Lindeberg | Bloomberg News
August 23, 2019
Business

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.

Paula Sambo | Bloomberg News
August 23, 2019
Government, Business, Technology

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, 2019
Business, Technology, Equipment

DTNA 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.

Seth Clevenger | Managing Editor, Features and Multimedia
August 23, 2019