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.
Factories Feel Trade War Pain as Wall Street Sees Recession Risk
The latest signs of factory weakness — in countries including South Korea, Germany and Japan — underscore the growing threat to the world economy posed by the escalating U.S.-China trade war. The reports came amid a fresh warning from Wall Street about recession risks.
Greenbrier Appoints Adrian Downes CFO
The Greenbrier Cos. Inc. appointed Adrian Downes chief financial officer, according to a news release.
June 3, 2019Grain Farmers Besieged by Trade Threats, Unrelenting Rain
There has never been a spring planting season like this one. Rivers topped their banks. Levees were breached. Fields filled with water and mud. And it kept raining.
June 3, 2019Blackstone Bets $18.7 Billion on Amazon Effect in Warehouse Deal
The mall is now a warehouse, and Blackstone Group is betting $18.7 billion on the shift. That’s how much the alternative investment manager is paying for 179 million square feet of urban logistics properties — the warehouses used by Amazon and other retailers to fulfill orders from online shoppers.
June 3, 2019FedEx Shares Slide as China Opens Probe Over Huawei Deliveries
FedEx Corp. shares dropped as investors assessed the impact of a Chinese probe that puts the delivery company in the middle of an escalating trade conflict with the U.S.
Air Cargo Carriers Caught in Crossfire of US-China Trade War
President Donald Trump’s intensifying trade war with China dented air cargo traffic even before FedEx Corp. got dragged into the brawl, as companies worldwide reconfigure their supply chains in the face of increasing tariffs.
June 3, 2019C.H. Robinson Acquires European Logistics Firm Dema Service
C.H. Robinson has acquired Italian transportation company Dema Service S.p.A., according to a news release.
June 3, 2019Bendix Reaches Wingman Milestone
Bendix Commercial Vehicle Systems has reached a 10-year milestone in collision-mitigation technology since the production of its Bendix Wingman ACB — Active Cruise with Braking in 2009.
June 3, 2019Trucking Industry Leaders React Cautiously to Trump Mexican Tariff Plan
Economists and transportation experts warned that if tariffs against Mexico are enacted, consumers over several months would see price increases at grocery stores — especially on fruits and vegetables imported from Mexico — and suppliers would source those items from other countries.
Fleets Consider Benefits, Costs of 6x2 Axle Configurations
Are 6x2 axle configurations a good way to boost the efficiency of heavy-duty trucks, or do the complications outweigh the benefits? The answer varies from one fleet to another.
June 3, 2019