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.
XPO Logistics to Close Maryland Warehouse
XPO Logistics will close its 571,000 square-foot warehouse on Harford County’s Perryman peninsula in Maryland by the end of March, a company spokesperson confirmed Jan. 29.
Amazon, Walmart Reel as India Curbs Plunge Market Into Chaos
Amazon.com’s and Walmart Inc.’s grand plans for India were thrown into chaos Feb. 1 after the country implemented new e-commerce regulations, which could cut their growth in the market by as much as half this year.
Mack Trucks Looks to Maintain Momentum in 2019
For Mack Trucks, 2018 was a good year. While the company’s market share declined slightly, Mack had its best year of production since 2015 and orders flew in at a double-digit clip, keeping the manufacturer’s Lower Macungie Township plant busy as it tried to keep up with demand.
Lithium-Rich Chile Seeks to Become Major Player in Battery Sector
The country holding the world’s largest reserves of lithium says it is one step closer to becoming a manufacturing hub for rechargeable batteries used in electric vehicles.
Truck Drivers on the Lookout for Spotted Lanternfly
A troublesome tiny Asian visitor known as the spotted lanternfly is hopping from fruit trees onto trucks and railcars throughout the southeastern corner of Pennsylvania, threatening to ruin billions of dollars of agricultural commodities in the state and elsewhere.
Eaton Reports Mixed 4Q, Full-Year Earnings
Power management company Eaton Corp. reported increased revenue for the fourth quarter and full-year periods, while net income declined in both.
Fiat Chrysler Sales Miss Estimates
Fiat Chrysler Automobiles NV reported a smaller U.S. deliveries gain than expected, as frosty temperatures across much of the country dragged on demand even for the hot-selling Jeep SUV brand.
February 1, 2019Walmart Revamps Employee Sick-Leave Policy
Walmart Inc. is making sweeping changes to its employment policies this month, granting paid sick leave to hourly workers in the United States, and, at the same time, possibly making it easier to fire those who miss too many shifts.
UPS Exceeds Expectations With Strong 4Q Earnings
UPS Inc. reported fourth-quarter earnings that beat Wall Street expectations, the package delivery company reported Jan. 31.
Editorial: Trucking Has It Down Cold
A polar vortex can slow a lot of folks down. But you can count on the trucking industry.
January 31, 2019