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.
FoodMaven Secures $10 Million Funding Round
FoodMaven, which provides an online marketplace for oversupplied, out-of-spec and local food, has closed a $10 million round of funding, the Colorado Springs, Colo., startup said.
January 29, 2019Tariffs, Trade Policies Concern Shippers in North American Markets
ATLANTA — Disruption is increasingly happening for freight movers as they seek to cross the United States’ borders with Mexico and Canada, and it’s not the positive technological change often associated with that word. Instead, it’s delayed freight or higher costs.
As China Reduces Pollution, Value of Vessels Transporting LNG Increases
The world’s biggest shipbuilder sees China’s cleanup of its smoggy skies lifting prices of the vessels this year.
Transportation Agencies Reopen After Truce Ends Historic Shutdown
The truce between congressional Democrats and President Donald Trump on Jan. 25 halting the longest federal government shutdown in history meant more than 16,000 staffers at the U.S. Department of Transportation will no longer be furloughed.
FedEx Introduces Way for Retailers to Outrace Amazon in Delivery
FedEx Corp., looking beyond Amazon.com Inc. for growth in e-commerce, is introducing a new late-night shipping option for retailers who want to speedily send orders directly to online customers.
Knight-Swift Transportation Holdings Reports Profit Gains in 4Q
Knight-Swift Transportation Holdings reported higher profits and revenue in the fourth quarter of 2018 with improvement noted across all of its business units.
Tax Refunds Will Be Paid on Time Despite Shutdown, Mnuchin Says
The U.S. Treasury Department is ready for the tax season and will pay tax refunds “as normal,” Treasury Secretary Steven Mnuchin told Fox Business News on Jan. 29.
January 29, 2019Ceva Logistics Board Rejects Stock Buyout Bid by CMA CGM
Ceva Logistics’ board of directors has recommended that shareholders reject a tender offer from CMA CGM to buy all of the publicly held shares of stock in the Swiss company, saying the price of 30 Swiss francs per share is too low.
Used Class 8s Cost More in December; Sales Flat
The average used Class 8 in December was slightly older, had more mileage and sold for 9% more compared with a year earlier, as sales were flat, according to ACT Research Co.
Diesel Price Unchanged; US Average Now Less Than a Year Ago
The U.S. average retail price of diesel was unchanged the week of Jan. 28 at $2.965 a gallon and now is about 10 cents a gallon cheaper than it was a year ago, according to the U.S. Energy Information Administration.
January 28, 2019