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.
Occidental Begins Bond Sale to Fund Anadarko Deal
Occidental Petroleum Corp. is selling bonds to help finance its $38 billion acquisition of Anadarko Petroleum Corp., as debt issuers show faith in the market rebound.
Economic Adviser Larry Kudlow Says US Still Expects China for September Trade Talks
President Donald Trump’s top economic adviser, Larry Kudlow, said the United States still expects Chinese negotiators to come to Washington for another round of trade talks in September, even after the two nations escalated their trade war.
Battery-Powered Ships Next Up in Battle to Tackle Emissions
Four Japanese companies have teamed to build the world’s first zero-emission tanker by mid-2021 that will be powered by large-capacity batteries and will operate in Tokyo Bay, according to a statement Aug. 6.
US Fleet Survey on ELD Compliance 2019
With the help of Bobit Research Services, MiX Telematics surveyed a range of US fleet professionals on ELD compliance. The survey focused on ELD adoption within US fleets and how the data from full-featured ELD solutions are being implemented.
August 6, 2019Class 8 Orders in July Sink to Lowest Level Since 2010
Class 8 orders were down to their lowest level since 2010 in July, according to preliminary numbers from ACT Research.
Diesel Falls 0.2¢ to $3.032 a Gallon
The U.S. average retail price of diesel continued to drop Aug. 5, falling 0.2 cent to $3.032 a gallon, the Department of Energy reported July 29.
Natural Gas Nears $2 Amid Work on Largest US Export Terminal
Natural gas futures slid toward $2 per million British thermal units, a level that hasn’t been breached in three years, as fading summer heat and maintenance on the largest U.S. export terminal leave the market struggling to absorb a barrage of supply from shale basins.
Senate Confirms Robert Sumwalt, Jennifer Homendy to NTSB
Robert Sumwalt and Jennifer Homendy were confirmed by the Senate on Aug. 1 to continue serving on the National Transportation Safety Board.
New York Gov. Andrew Cuomo Announces $206 Million for Freight Projects
New York Gov. Andrew Cuomo has announced $206 million will be devoted to freight-related projects across the state.
Walmart, Target Minimum Wage Hikes Drive Average US Retail Pay
Despite an industry shakeout that has been dubbed the retail apocalypse, store workers who have hung in there are seeing better pay than a generation ago, even with inflation.