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.
Trump to Promote Turning Natural Gas Into Plastics in Pennsylvania
BERKELEY HEIGHTS, N.J. — President Donald Trump is showcasing growing efforts to capitalize on western Pennsylvania’s natural gas deposits by turning gas into plastics.
Trump Says US-China Trade War Tariffs Aren’t Boosting US Prices
President Donald Trump decried China’s “massive” intervention to suppress the yuan, portraying the U.S. as the beneficiary of his tariffs on Chinese imports and signaling the policy isn’t pushing up domestic prices.
Consumer Prices Rose 0.3% in July Amid Widespread Cost Increases
WASHINGTON — U.S. consumer prices rose 0.3% in July, pushed higher by more expensive gas, medical care and housing.
At UPS, Brian Newman to Succeed Richard Peretz as CFO
UPS Inc. said PepsiCo executive Brian Newman will replace Chief Financial Officer Richard Peretz.
Diesel Average Price Falls 2.1¢ to $3.011 a Gallon
The U.S. average retail price of diesel continued to drop, falling 2.1 cents to $3.011 a gallon, the Department of Energy reported Aug. 12.
Huawei Hires Trade Lobbyists as Sales Slow in US-China Fight
Huawei Technologies Co. hired the law firm Sidley Austin to lobby on trade as the U.S. pressures allies to join it in blacklisting the Chinese telecom giant and the company finds itself increasingly mired in President Donald Trump’s trade war with Beijing.
First eCascadia Models Set to Begin Commercial Operations
Daimler Trucks North America announced Penske Truck Leasing and NFI will be the first companies to employ its battery-electric eCascadia in commercial operations.
August 12, 2019Portugal May Declare Civil Order to Counter Fuel Supply Shortage
Portugal may declare a civil order to ensure that truck drivers, who began a strike Aug. 12, deliver enough fuel to stop gas stations across the country from running dry at the height of the country’s tourism season, Prime Minister Antonio Costa said.
Corn Heads Toward Worst Rout Since 2013 on Outlook for Acreage
Corn futures plunged by the exchange limit, heading for their worst day in at least six years, after the U.S. Department of Agriculture reported more of the grain was planted than analysts had estimated.
Day & Ross Breaks Ground on Terminal in Moncton, Canada
Day & Ross Transportation Group broke ground on a terminal in Moncton, New Brunswick, on Aug. 7.
August 12, 2019