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.

Business

Cass: Freight Shipments Down 5.9% in July, and GDP Could Be Next

A nationwide economic contraction, not just a freight recession, could arrive soon, according to Cass Information Systems’ July freight report.

Jim Stinson | Staff Reporter
August 16, 2019
Business, Safety

NTDC Course Walk-Through

NTDC Course Chairperson Robert Foskey gives Transport Topics reporter Eleanor Lamb a private tour of the skills course.

August 16, 2019
Business, Technology, Logistics

Convoy Partners With TMS Provider BluJay

Convoy, a nationwide digital freight network, announced a partnership with BluJay Solutions, a leading supply chain software and service provider.

August 16, 2019
Business, Technology, Safety

Mack, Noregon Partner on Dynamic Maintenance Service

Mack Trucks announced a new service called dynamic maintenance for connected vehicles.

August 16, 2019
Business, TCA

Expansion Needed to Keep up With Growth at Port Manatee

PORT MANATEE, Fla. — It may cost as much as $127 million over the next five years, and $500 million over the next 20 years, to build the facilities to keep up with growth at Port Manatee.

James A. Jones Jr. | The Bradenton (Fla.) Herald
August 16, 2019
Business

Kriete Truck Centers Invests $6 Million in Expansion

Mack Trucks announced dealer Kriete Truck Centers invested $6 million in a new building at its Racine, Wis., location, doubling the amount of service bays at the facility.

August 16, 2019
Government, Business

Fed Survey Finds Tariffs Pushing Up Prices, Pinching Profits

A new survey by the Federal Reserve Bank of New York found a growing conviction among businesses that President Donald Trump’s tariffs were hitting their bottom line.

Alister Bull | Bloomberg News
August 16, 2019
Government, Business

Economic Concerns Send US Consumer Mood to Seven-Month Low

U.S. consumer sentiment plummeted to a seven-month low in August on growing concerns about the economy even as the labor market shows few signs of weakening from robust levels.

Ryan Haar | Bloomberg News
August 16, 2019
Business, Technology

Lyft Shares Rise Ahead of Insiders’ First Chance to Sell Stock

Some early investors in Lyft Inc., one of the most anticipated yet disappointing IPOs of the year, will get their first opportunity to sell shares Aug. 19.

Esha Day | Bloomberg News
August 16, 2019
Business, Safety

What Excites Fans in the Stands?

Transport Topics reporter Eleanor Lamb hits the sidelines to talk with supporters about their experience at NTDC 2019.

August 16, 2019