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.
Waymo Inches Forward as Self-Driving Frontrunner With 1,000 Riders
The first major self-driving taxi service needed six months to reach 1,000 customers, another sign that growth may be slow as companies try to build businesses around autonomous vehicles.
Americold Reports Revenue Rises 0.5% to $393.1 Million in 1Q
Americold Realty Trust, one of the world’s largest companies focused on temperature-controlled warehouses, on May 7 reported revenue rose in the first quarter ending March 31.
Insider Tips from one of the Largest Fleets in North America
The value of video in exoneration, litigation and subrogation is immeasurable. Join Leslie Leazer, Vice President, Corporate Claims & Litigation, Knight-Swift Transportation, as she reveals the process this well-respected fleet uses – and the savings they incur – by using video in the litigation process. From establishing the process to handle claims to subrogating claims when another vehicle is at fault – and everything in between – Leslie will provide the nuts and bolts you need to ensure your fleet is efficient, effective and enabled. With the cost of litigation continuing to increase, you can’t afford to miss this webinar.
May 9, 2019Best and Worst International Airlines and Airports? Here’s One Guide
Had a bad experience at Newark Liberty Airport last year? You’re not alone, according to recent rankings.
CN Rail Open to Moving Alberta’s Oil-Shipping Deals to Drillers
Canadian National Railway Co. is open to transferring the crude-by-rail contracts that it signed with Alberta to private companies or to striking other arrangements that put its spare shipping capacity to use, CEO Jean-Jacques Ruest said.
May 9, 2019Kraft Heinz Site Turns to Electric Yard Tractors
The Kraft Heinz Co. announced the deployment of three T-Series battery-electric terminal trucks from Orange EV at its distribution center in Groveport, Ohio.
May 9, 2019Stamps.com Craters Without Postal Service Partnership
Stamps.com plunged 48% in pre-market trading May 9, poised to drop to a five-year low, after the company slashed its profit outlook for the full year, fueling investor concerns about its ability to protect margins in the absence of a key partnership with the U.S. Postal Service.
Trade Gap With China Shrinks to Lowest Since 2016
The U.S. trade deficit with China decreased to the narrowest in almost three years as imports slowed and exports advanced, offering President Donald Trump a chance to claim his tariff war is yielding the desired results just as negotiations reach a critical stage.
News of GM Plant Sale Leaves Union Unhappy
The president of United Auto Workers Local 1112 in Lordstown — whom Trump attacked on Twitter two months ago — is among a handful of workers whose job is to do maintenance at the inactive compact car factory that made its last Chevrolet Cruze in March. He was left in the dark about GM’s talks to sell the factory.
May 9, 2019Chevron Walks Away From $33 Billion Deal to Buy Anadarko
Chevron Corp. is abandoning its $33 billion offer for oil driller Anadarko Petroleum Corp., the culmination of a monthlong bidding war in which Occidental Petroleum Corp. prevailed over a rival five times its size.