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.
GM Profit Beats Estimates as Trucks Make Up for Slower Sales
General Motors Co. is looking like a port in the storm as new trucks and cost-cutting efforts pad profit in the midst of slowing industry sales.
Factory Gauge Sinks to Lowest Since 2016 as Exports Drop
U.S. manufacturing activity deteriorated in July to an almost three-year low, dragged down by slower production and shaky export markets that help explain the Federal Reserve’s decision to reduce interest rates July 31.
Shopify Rally Continues After Sales, Outlook Beat Estimates
Shopify Inc. shares continued their rally Aug. 1 after the Canadian e-commerce company reported second-quarter sales that beat analysts’ average estimate and gave a more optimistic full-year outlook.
Shell Profit Misses as Slowing Economy Hurts Gas, Chemicals
Royal Dutch Shell Plc got caught into the same earnings trap as many of its peers, reporting second-quarter earnings that fell well short of expectations as the slowing global economy hit everything from natural gas to chemicals.
Keystone XL Pipeline Inches Forward as Order Blocking Work Is Lifted
TC Energy Corp.’s $8 billion Keystone XL crude oil pipeline is inching forward after a court injunction that stopped work on the project was been lifted.
Jobless Claims Rise to 215,000 as Labor Market Holds Up
Filings for U.S. unemployment benefits edged up while remaining at historically low levels, another indication that the labor market remains generally robust.
Allison Transmission Posts 4% Increase in Net Income for 2Q
Allison Transmission Holdings, the largest global provider of commercial fully-automatic transmissions, reported net income for the second quarter was up 4% to $181 million, compared with $174 million for the same period in 2018, according to a July 31 earnings release.
Trucking Stakeholders Ask Congress to Repeal the 12% Federal Excise Tax on Trucks, Trailers
A group of trucking stakeholders asked Congress to repeal the 12% federal excise tax on the purchase of heavy-duty trucks, tractors and trailers.
5 Tips For Choosing the Right Fuel Card
Whether you have one truck or one hundred, a fuel card can provide many benefits to your company. With so many fuel card options out there, it can be challenging to know how to choose the right one. When making your selection, you want to walk away knowing you’ve got the best card to meet the unique needs of your business.
August 1, 2019Wabash Net Income Dips 2.9% in 2Q; Revenue Sets Record
Wabash National Corp. on July 31 reported net income of $30.96 million in the second quarter, down 2.9% from $31.9 million in the same period of 2018.