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.
Jobless Claims Hit Five-Week Low Amid Tight Labor Market
Filings for U.S. unemployment benefits unexpectedly dipped to a five-week low, offering a fresh sign the job market remains historically tight amid other mixed signals on the economy.
May 23, 2019Analysts Make Threatened Tariff Hikes Baseline of Economic Forecasts
After months of predicting a trade deal between the world’s largest economies, economists at some of the biggest financial institutions are growing increasingly pessimistic.
Illinois Gov. J.B. Pritzker’s $41.5 Billion Infrastructure Plan Includes Tax Hikes
Illinois Gov. J.B. Pritzker has drafted a $41.5 billion plan that would rely on a slew of new taxes and tax increases to repair the state’s infrastructure.
In Middle of Trade War, Port of Los Angeles Terminal Gets Ready for Robots
Pier 400 in Los Angeles is North America’s largest shipping terminal. More than 1,700 trucks pass through on average per day, even in the middle of the U.S.-China trade war.
Tonnage Surges 7.4% in April
Tonnage saw a big surge in April, according to American Trucking Associations, even as spot rates and volumes declined in the same month, according to other surveys.
Barry Kraemer Racks Up Third Wisconsin Grand Champion Win
Barry Kraemer, a driver for XPO Logistics, is no stranger to the Wisconsin Truck Driving Championships. At this year’s competition, held May 17-18 at Fox Valley Technical College in Appleton, Kraemer took home his third Grand Champion win.
2019 Wisconsin Truck Driving Championships
Photos from the Wisconsin Truck Driving Championships, May 17-18 in Appleton. (Wisconsin Motor Carriers Association)
May 22, 2019Infrastructure Talks Between Trump, Democrats Break Down
Bipartisan negotiations on infrastructure policy came to a halt May 22, with President Donald Trump and congressional Democratic leaders each questioning the other side’s commitment on the issue.
UPS Signs Biggest Renewable Gas Deal With Clean Energy Fuels
UPS Inc. has agreed to buy the equivalent of 170 million gallons of renewable natural gas from Clean Energy Fuels Corp. over the next seven years in what the company described as the biggest-ever deal involving the alternative fuel.
Tesla Bears Pile On as Citi Is Latest to Lower Target
Another analyst is cutting his price target for Tesla Inc. after the electric car maker on May 21 fell to the lowest since December 2016.