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.
UPS, Startup Begin First Regular Drone Deliveries in US
UPS Inc. and a startup drone partner began the first continuing commercial drone deliveries in the United States, making a short flight carrying a medical sample between North Carolina hospitals March 26.
Trucking Company Owner Joseph Lipsey III Relinquishes Control After Arrest, Drug Charges
The owner of Lipsey Logistics and Lipsey Trucking has relinquished control of the business after being arrested on drug charges at his home in Colorado.
Tesla’s Model 3 Shatters Record in Electric Car-Crazy Norway
Just weeks after Tesla Inc. started rolling out its Model 3 in Europe, the electric-car manufacturer has beaten the monthly sales record in its key Norwegian market by a wide margin.
Housing Starts Fall Most in Eight Months in February
U.S. new-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage rates.
Consumer Confidence Slumps on Weak Growth, Slower Job Gains
Consumer confidence declined for the fourth time in five months on dimmer assessments of present conditions, suggesting that weak first-quarter growth and slower job gains in February are weighing on attitudes and potentially spending.
Midwest Floods Deliver Another Economic Blow to Farmers
Chad Korth’s Nebraska farm mostly was unscathed from the catastrophic floods that inundated nearby fields thanks to being positioned atop a hill. But as the waters recede, he’s not expecting to be spared the financial blow that’s hitting the region.
US Pork Exports to China Could Set Record This Year
China could increase U.S. pork imports to the highest ever this year as part of its commitment to bolster purchases of American farm goods to resolve the trade war between the countries, according to sources familiar with the situation.
March 26, 2019Global Emissions Hit Record as Energy Demand Boosts Fuel Use
Carbon emissions from fossil-fuel use hit a record last year after energy demand grew at its fastest pace in a decade, reflecting higher oil consumption in the U.S. and more coal burning in China and India.
Average Price of Diesel Rises 1¢ to $3.08 a Gallon
The U.S. retail diesel average rose 1 cent to $3.08 a gallon, the Department of Energy reported, as the price of crude oil slipped just below $59 per barrel amid concern over a possible slowdown in the U.S. economy.
Mack Showcases Latest Hybrid Class 8
Mack Trucks announced it recently displayed its second-generation zero-emission capable Class 8 drayage truck at the California Air Resources Board’s Low Carbon Transportation Heavy-Duty Showcase in Sacramento.
March 25, 2019