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

Senate Highway Bill’s Freight Plan Touts Infrastructure Resiliency

Tucked into highway policy legislation that the Senate Environment and Public Works Committee recently advanced is a provision calling for possible strategies to prepare for the impact of severe weather events as part of a nationwide plan for improving freight connectivity.

Eugene Mulero | Senior Reporter
August 8, 2019
Government, Business

Consumer Confidence Drops Most in 10 Months

Sentiment among U.S. consumers fell the most in almost 10 months, led by dimmer views of the economy as market turmoil returned on another flareup in the U.S.-China trade war.

Ryan Haar | Bloomberg News
August 8, 2019
Business, Logistics, Top 100

Amazon-FedEx Split Sets Battle Lines in E-Commerce Delivery Feud

FedEx Corp.’s retreat from handling packages for Amazon.com Inc. signals that the lines are being drawn in the battle over surging e-commerce shipments.

Thomas Black | Bloomberg News
August 8, 2019
Government, Business

Drop in Jobless Claims Shows Firm Labor Market

Applications for U.S. unemployment benefits declined for the second time in three weeks, indicating the labor market is holding steadfast in the face of slower global demand and trade tensions.

Jeff Kearns | Bloomberg News
August 8, 2019
Business, Technology, Logistics

Lyft Gains as Analysts Say Results May ‘Win Over Skeptics’

Lyft Inc.’s second-quarter results blew past market estimates and won accolades from Wall Street, as analysts said they now see a clearer path to profitability and a “more rational competitive environment.”

Sam Unsted and Esha Dey | Bloomberg News
August 8, 2019
Business

Patriot Transportation Revenue Down 6.4% in Its 3Q

Patriot Transportation reported net income of $396,000, or 12 cents per share, in its third quarter ended June 30, compared with $1,086,000, or 33 cents per share, in the same quarter last year.

Jim Stinson | Staff Reporter
August 8, 2019
Business

The ELD Mandate and What It Means For You

Discover how the ELD Mandate continues to affect over three million drivers and get the tools you need to start planning for the end of the automatic onboard recording device (AOBRD) grandfather clause.

August 8, 2019
Government, Business, Technology, Safety

ELDT Compliance Urged Despite FMCSA’s Proposed Delays

Despite proposed delays regarding certain parts of the federal Entry Level Driver Training rule, commercial driver license training schools shouldn’t dawdle as the rule’s upcoming effective date nears, according to training expert Jim Butler.

Eleanor Lamb | Staff Reporter
August 7, 2019
Business, Technology

Orbcomm Revenue Down 5.2% in 2Q

Orbcomm Inc., a provider of machine-to-machine and internet of things technologies, said it had a net loss of $6.4 million in the second quarter ended June 30, compared to a net loss of $7.2 million in the second quarter of 2018.

Jim Stinson | Staff Reporter
August 7, 2019
Business

Kottke Trucking Acquires Wayne T. Fellows Inc.

Kottke Trucking Inc. has acquired Wayne T. Fellows Inc., a trucking company focused on refrigerated less-than-truckload and truckload shipping based out of Davenport, Fla., according to Kottke officials.

Jim Stinson | Staff Reporter
August 7, 2019