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.
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.
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.
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.
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.
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.
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.
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, 2019Tesla 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.
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.
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.