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.

Business, Safety

Rookie Competitor Eric Stein Had All the Ingredients to Win Nebraska's Grand Champion Title

In his first year of competing, Eric Stein dominated the field at the Nebraska Truck Driving Championships, winning the Rookie of the Year Award, the 3-Axle division, the Grand Champion Award and the Professional Excellence Award for the highest score on the written test.

Savannah Kelley | Special to Transport Topics
June 26, 2019
Government, Business

Business-Equipment Orders Post Best Gain in Four Months

Orders with U.S. factories for business equipment rebounded in May with the largest increase in four months, signaling corporate investment is holding up despite tensions with major trading partners fueling uncertainty about the outlook.

June 26, 2019
Business, Safety

Cargo Theft Cases Rise in 1Q

During the first quarter of this year, cargo thefts in the United States rose 25% to 144 reported incidents, with the average loss for each occurrence rising 1% to $116,717, according to a report from the SensiGuard Supply Chain Intelligence Center.

Dan Ronan | Senior Reporter
June 26, 2019
Business, Technology, Equipment, Safety

Worklete Continues Expansion Into Trucking Industry Safety Training

A software company that specializes in training people to adopt safer work habits is expanding its executive ranks as it targets reducing on-the-job mishaps that can cause serious injuries and potentially increase motor carriers’ insurance rates.

Jim Stinson | Staff Reporter
June 26, 2019
Business, Safety

Practice, and Pierogis, Propel Lesniowski to New Jersey Grand Champion Title

WOODBRIDGE, N.J. — The Garden State’s trucking world has a new Grand Champion in Artur Lesniowski.

Eugene Mulero | Senior Reporter
June 26, 2019
Government, Business, Safety

As Marijuana-Use Laws Spread, Drug Still Illegal for Truck Drivers

Last month, drug-testing firm Quest Diagnostics scientist Barry Sample had a serious warning for U.S. employers: Be on the lookout for marijuana use by your workers. It’s on the rise.

Eric Miller | Senior Reporter
June 25, 2019
Business, Top 100

FedEx Reports Mixed Earnings Results, Says 2020 Will Be Transitional Year

FedEx Corp. said its net income fell to negative territory in the fiscal fourth quarter, blunted by costs at its divisions as well as reorganization after a buyout.

Dan Ronan | Senior Reporter
June 25, 2019
Business, Logistics

Purolator to Spend $759 Million for Faster Deliveries in Canada

Courier company Purolator Inc. will invest more than C$1 billion over the next five years to build a shipping hub in Toronto, upgrade its fleet and enhance its retail network in Canada to reach more customers.

Simran Jagdev | Bloomberg News
June 25, 2019
Government, Business, Logistics, Top 50, Top 100

FedEx Lobs New Attack on Trade Limits as China Threat Looms

FedEx Corp. has fired a new weapon in the simmering U.S.-China trade war, suing the Trump administration to block enforcement of trade restrictions that had placed the company in Beijing’s crosshairs.

Thomas Black | Bloomberg News
June 25, 2019
Government, Business

Trade War Hinders Global Trade in April

Global trade stumbled in April as the tariff war between the United States and China showed few signs of ending, figures released June 25 showed.

Brendan Murray | Bloomberg News
June 25, 2019