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.
Mississippi Driver Scott Osborne Takes Gold, Again
The veterans took center stage at Mississippi’s Truck Driving Championships on April 26-27. Reigning Grand Champion Scott Osborne of FedEx Freight repeated his victory this year, scoring 300 points in the Flatbed division.
2019 Mississippi Truck Driving Championships
Photos from the Mississippi Truck Driving Championships in Gulfport, Miss., April 26-27. (Mississippi Trucking Association)
May 3, 2019Wabash Posts Record 1Q Revenue
Wabash National Corp. reported record first-quarter revenue, but net income slipped.
FedEx, UPS Strive to Automate Loading and Unloading Trucks
As FedEx Corp. and UPS Inc. beef up automation to keep pace with surging e-commerce and a potential threat from Amazon.com, they’ve been stumped at a crucial stage: loading and unloading trucks.
TransCanada Profit Tops Estimates Ahead of Key Legal Decisions
TransCanada Corp. posted first-quarter profit that topped analysts’ estimates, giving the pipeline company momentum as it enters a period that’s likely to feature key legal decisions on some of its major projects.
May 3, 2019Tesla Raises $2.35 Billion in Boosted Debt, Stock Offerings
Tesla Inc. raised $2.35 billion through debt and stock offerings that expanded from the company’s initial plans, helping to put some near-term liquidity fears to rest.
Amazon Fails to Get Williams-Sonoma Lawsuit Tossed
Amazon.com failed to dodge a lawsuit that accused it of trying to trick shoppers into thinking it was an authorized reseller of Williams-Sonoma products.
Goods-Trade Gap Widens to $71.4 Billion on Import Increase
America’s merchandise trade deficit widened in March for the first time in three months as an increase in imports exceeded the rise in exports.
Fiat Chrysler Shares Rally as CEO Mike Manley Confirms Outlook After Profit Miss
Fiat Chrysler Automobiles NV shares rallied as investors shrugged off lower-than-expected first-quarter profit and focused on CEO Mike Manley’s confirmation of the carmaker’s 2019 earnings targets.
May 3, 2019House Republican Leader Kevin McCarthy Highlights P3s, Permit Streamlining
With Washington buzzing about infrastructure, Rep. Kevin McCarthy, the top Republican in the U.S. House of Representatives, expressed support for a comprehensive package that would incorporate potential contributions from the private sector and streamline the permitting process.