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.
Canadian National Rail Pledges $80 Million for Minnesota Improvements
Canadian National Railway plans to invest more than $80 million in Minnesota this year — spending it, they said, would strengthen the company’s rail network across the state.
New York Looking to Extend Port Authority to Buffalo
Instead of unloading the containers at the New York port and putting them on trucks there, the idea is to unload the containers onto a train that would take them to Buffalo.
Trade Groups Push for No Tariffs on Vehicle Parts
Officials in the transportation industry warned that if President Donald Trump follows through on the threat of tariffs on imported truck and automobile parts, the effects could be devastating for jobs in the United States.
Tesla Touts Energy Savings in Its First Sustainability Report
Tesla released its first sustainability report April 15, in which the electric carmaker highlighted the positive effects it said its vehicles — and its production efforts — have had on the environment since purchasing its Fremont, Calif., factory in 2010.
J.B. Hunt Earnings, Revenue Higher in 1Q, but Miss Wall Street Projections
J.B. Hunt Transport Services reported on April 15 a year-over-year bump of 7% in first-quarter revenue to $2.09 billion compared with $1.95 billion for the same period in 2018.
Diesel Average Price Spurts 2.5¢ to $3.118
The U.S. average retail price of diesel climbed 2.5 cents to $3.118 a gallon, as crude oil dropped below $64 a barrel, the Department of Energy reported April 15.
Trump Visits Truck Dealer in Minnesota to Tout Tax Cuts
While visiting a truck dealership in Burnsville, Minn., President Donald Trump touted tax cuts passed by Republicans in 2017, even as the law has swelled the deficit and failed to gain traction with voters in last year’s midterm elections.
As Trade War Simmers, US Soybean Shipments Hit One-Year Low
Shipments of American soybeans are at the lowest level since before the U.S.-China trade war in what could be a worrying sign for growers hoping for the Asian giant to accelerate purchases ahead of a trade deal.
IG Report Recommends Better Office Space Utilization at DOT
There is room for improvement in how officials across the U.S. Department of Transportation manage their office space, the department’s inspector general determined in a recent report.
Class 8 Sales Surpass 22,000 in March
U.S. Class 8 retail sales in March climbed above 22,000 for the first time this year, WardsAuto.com reported. All truck makers but one notched gains.