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, Fuel

New Shipping Fuel Rules Are Starting to Rock the Oil Market

They may still be six months away, but new rules on marine fuels are already sending shock waves through the little-known world of refinery feedstocks.

Jack Wittels | Bloomberg News
July 3, 2019
Business

Lee Iacocca, Engineer of Chrysler’s Turnaround, Dies at 94

DETROIT — Lee Iacocca, the auto executive and master pitchman who put the Mustang in Ford’s lineup in the 1960s and became a corporate folk hero when he resurrected Chrysler 20 years later, has died in Bel Air, Calif. He was 94.

July 3, 2019
Government, Business, TCA

Once Touted as an Economic Boon, W.Va. Intermodal Facility Faces Auction Block

Once touted as a key economic development tool for southwestern and central West Virginia, the $32 million Heartland Intermodal Gateway is likely to shut down this fall, and go on the auction block within a year, Transportation Secretary Byrd White said July 2.

Phil Kabler | The Charleston (W. Va.) Gazette
July 3, 2019
Business

French Police Raid Renault Headquarters as Part of Ghosn Probe

French police raided Renault SA’s headquarters outside Paris on July 3 to gather evidence for an investigation related to spending by former Chairman Carlos Ghosn.

July 3, 2019
Government, Business

Survey: Modest Job Gains in June Hint at Slowing Economy

WASHINGTON — U.S. companies added just 102,000 jobs in June, a possible turning point that could signal a coming increase in the unemployment rate.

Josh Boak | The Associated Press
July 3, 2019
Government, Business

US Trade Deficit Rises to Five-Month High of $55.5 Billion in May

WASHINGTON — The U.S. trade deficit rose to a five-month high in May as the politically sensitive imbalances with China and Mexico widened. The Commerce Department said July 3 that the gap between the goods and services the U.S. sells and what it buys from foreign countries rose 8.4% to $55.5 billion in May.

Paul Wiseman | Associated Press
July 3, 2019
Business

Want to Get Your Drivers Back on the Road Faster?

In today’s post ELD Mandate world, every minute can make a difference in productivity and profitability. Learn how a simple app can save time, boost driver retention and get added back end office benefits, including real time weigh data.

July 3, 2019
Business, Fuel

Tesla Shares Surge as Model 3 Paces Record Quarter of Deliveries

Tesla Inc. soared in late trading after the electric-car maker set a record for quarterly vehicle deliveries, helped by U.S. consumers rushing to buy Model 3 sedans before a federal tax credit shrank in half.

Dana Hull | Bloomberg News
July 2, 2019
Business, Equipment

Greenbrier Reports Lower 3Q Net Income, but Higher Revenue

The Greenbrier Cos. reported record quarterly revenue for its third fiscal quarter of 2019, citing higher delivery volumes in the three months ending May 31, compared to the previous quarter.

Jim Stinson | Staff Reporter
July 2, 2019
Government, Business

Wage and Job Growth Are Slowing, New Report Warns

The U.S. labor market is showing further signs of a slowdown, according to new data from Glassdoor. Job openings in the U.S. increased just 1.4% from the same period last year, according to the employment site’s June 2019 Job Market Report.

Luke McGrath | Bloomberg News
July 2, 2019