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.
WTO Issues Mixed Ruling Over US Duties for Subsidized Chinese Goods
The World Trade Organization on July 16 delivered a mixed judgment over America’s sanctions on subsidized goods produced by Chinese state-owned enterprises.
Boeing 737 Max Groundings to Affect 2020 Results, Ryanair Says
The extended grounding of Boeing Co.’s 737 Max plane forced Ryanair Holdings to scale back growth plans for next summer, putting the airline industry on notice that the crisis is starting to affect longer-term plans.
J.B. Hunt Reports Mixed 2Q Results
J.B. Hunt Transport Services Inc. reported net income fell and revenue increased in the second quarter amid mixed results in its business units.
Cowan Acquires Carlisle Carrier, Expanding Northeastern Footprint
Baltimore trucking company Cowan Systems has acquired Carlisle Carrier Corp. of Mechanicsburg, Pa.
Lotus Debuts All-Electric Super Coupe Evija
Lotus unveiled its first all-electric supercar, the Evija, in London on July 16.
Trailer Makers Face California Equipment Efficiency Deadline
Trailer makers intending to sell their products in California beginning Jan. 1 must certify beforehand that the equipment meets the state’s Phase 2 greenhouse gas rule and receive an executive order, according to the California Air Resources Board.
Data Suggests Amazon Customers Not Sold on Prime
Internet searches for “Canceling Amazon Prime” were 18 times higher June 15 — the beginning of Amazon.com’s two-day sale — than the previous day, according to search engine monitoring firm Captify, suggesting shoppers did not want to make a long-term commitment to the giant online retailer.
Economist Noel Perry Warns of More Shutdowns After LME Padlocks Doors
One of the trucking industry’s leading economists says the abrupt shutdown of New Brighton, Minn. -based carrier LME Inc. is an indication that trucking companies that are poorly run could be in deep trouble if the economy slows.
Online Stores Grab No. 2 Spot in $520 Billion US Retail Market
Online shopping has become the second-biggest chunk of the $520 billion U.S. retail market, after overtaking grocery stores and restaurants in June.
Amazon Bargain Days Give Porch Pirates Prime Opportunity
Amazon’s Prime Day gives shoppers an opportunity to flex their deal-spotting muscles ahead of Black Friday. It also gives package thieves their own chance to warm up.