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.
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.
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.
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.
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.
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.”
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.
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, 2019ELDT 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.
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.
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.