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, Safety, TCA

Ideas Abound to Fix Michigan Roads

Negotiations are well underway in Michigan government as legislative Republicans and Gov. Gretchen Whitmer look to reach a compromise on the state budget, an issue closely tied this year to finding more money for fixing the roads.

Lauren Gibbons | MLive.com
August 22, 2019
Business, Safety

Cargo Thefts Down 14% in Q2; Food, Beverages Most Targeted

Cargo thefts are down 14% in the second quarter of 2019, with 150 incidents in the United States and Canada, according to CargoNet, a subsidiary of Verisk Analytics Inc. of Jersey City, N.J.

Jim Stinson | Staff Reporter
August 22, 2019
Government, Business

Most of the Nation’s Ports Report Strong July

Most of the nation’s largest seaports are reporting record cargo volume amid stalled trade negotiations between the United States and China.

Dan Ronan | Senior Reporter
August 22, 2019
Business

How to Improve Efficiency & Flexibility Within Your Carrier Relations

As the capacity tides continue to shift, it's more important than ever to improve and manage carrier relations more efficiently. Join industry experts from Giltner, Inc. and Descartes MacroPoint as they share their experiences and advice on how to stay flexible while maintaining margins through the volatile freight market ahead.

August 22, 2019
Business, Logistics

Amazon Spends $15 Billion to Help Merchants in Charm Offensive

Amazon.com, criticized for wielding too much power over third-party merchants on its marketplace, said it will spend some $15 billion this year to help them boost sales.

Matt Day | Bloomberg News
August 22, 2019
Government, Business

China Warns US Tariffs Will ‘Escalate Trade Friction’

BEIJING — China appealed to Washington on Aug. 22 to “meet each other halfway” and settle a trade war instead of going ahead with planned tariff hikes that Beijing warned will trigger retaliation.

Joe McDonald | Associated Press
August 22, 2019
Business, Equipment

Hino’s New Truck Plant Opens in West Virginia

Hino Motors Manufacturing U.S.A. Inc. on Aug. 21 announced the opening of its nearly 1 million-square-foot medium- and heavy-duty truck manufacturing plant in Mineral Springs, W.Va., adding it would increase investment there.

Roger Gilroy | Senior Reporter
August 22, 2019
Government, Business, Technology, Fuel, TCA

Wisconsin Utility Offers Cash for Electric Vehicle Drivers Who Join Lyft

MADISON, Wis. — Madison Gas & Electric is partnering with Lyft to promote the use of electric vehicles.

Chris Hubbuch | Wisconsin State Journal
August 22, 2019
Business

P.A.M. Posts Higher Second Quarter Net Income

P.A.M. Transportation Services Inc. reported higher net income and a dip in revenue in the second quarter amid improved operating ratios in its divisions.

Roger Gilroy | Senior Reporter
August 22, 2019
Business, Technology, Autonomous

VW Denies Report CEO Is Interested in Buying Stake in Tesla

Volkswagen AG denied a report that its chief executive officer would be interested in buying a stake in Tesla Inc., calling it unfounded speculation.

Christoph Rauwald | Bloomberg News
August 22, 2019