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 Unexpectedly Fall, Hitting New 49-Year Low
Filings for U.S. unemployment benefits unexpectedly dropped, falling to the lowest level since October 1969, as the tight labor market showed little sign of easing.
April 11, 2019Transportation Secretary Elaine Chao Reminds House Panel: White House Open to All Infrastructure Funding Options
WASHINGTON — Transportation Secretary Elaine Chao reaffirmed the Trump White House’s desire to partner with congressional transportation leaders on an infrastructure policy package that would reflect the views of Democrats and Republicans.
Titanium Transportation Group Expands Into US
Titanium Transportation Group Inc. has expanded into the United States with an office in Charlotte, N.C., the company said in a news release. The Bolton, Ontario-based brokerage firm said it expects to add other locations throughout the United States.
April 10, 2019Electric-Vehicle Tax Credits Get Bipartisan Boost in Senate
A bipartisan group of senators introduced legislation April 10 that would extend a lucrative tax credit for electric vehicles that could benefit companies such as Tesla Inc. and General Motors Co.
April 10, 2019Ports, Shipping Industry Responsible for 26% of US GDP, Study Says
The bustling activity at America’s seaports added $5.4 trillion to the economy in 2018 by way of revenue to businesses, personal income and economic output by exporters and importers.
Crude at Five-Month High as US Gasoline Stockpiles Tumble
Crude closed at a five-month high after U.S. government data showed the biggest decline in gasoline stockpiles since 2017, offsetting an increase in crude inventories.
FHWA Grant Supports Truck Parking Project Along I-10
The Federal Highway Administration has awarded the Texas Department of Transportation nearly $7 million to fund a truck parking availability system along Interstate 10 in four states.
Digital Dashboard Cameras Gaining Truckers' Acceptance
As digital technology in trucking grows, so, too, do the ways it can be combined.
Ford Executives Shift Roles With Mobility Chief Near Retirement
Ford Motor Co.’s two company presidents are shuffling roles — with one taking responsibility for the business of today, and the other the approach to tomorrow — as a third executive prepares to retire.
Motorists Likely to Pay Less at Pump This Summer
American drivers probably will pay less to fill up this summer as oil prices are forecast to be lower than last year.