Business

About Business News...

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.

Government, Business

Productivity Rises 2.3% in Third Quarter

WASHINGTON — U.S. productivity grew at an annual rate of 2.3% in the July-September quarter, slower than the previous quarter but still an improvement over the weak annual gains of the past decade. Labor costs rose at a modest pace in the third quarter.

Martin Crutsinger | Associated Press
December 6, 2018
Government, Business

Service Industries Expand to Near-Record Level in November

A gauge of U.S. service industries unexpectedly rose in November to a near-record level amid gains in business activity and new orders, adding to indications that the sector remains robust in the fourth quarter.

Katia Dmitrieva | Bloomberg News
December 6, 2018
Government, Business, Logistics

China Implementing Agreed-Upon Trade Deals With US, Official Says

China and the United States have reached agreement in the sectors of agriculture, autos and energy, and China will immediately start implementing that consensus, a government spokesman said.

December 6, 2018
Business, Equipment

Safe Fleet Buys Roll-Rite Automated Covering Systems

Safe Fleet has acquired the Roll-Rite group of companies, according to a news release. The Belton, Mo.-based company owns brands and products that enhance safety and productivity for fleet vehicle manufacturers and operators. Safe Fleet has 1,500 employees and 14 manufacturing locations.

December 6, 2018
Business, Technology, Fuel

J.B. Hunt Transport Services Takes Delivery of First All-Electric Trucks

J.B. Hunt Transport Services has made its first purchase of electric-powered trucks, acquiring five medium-duty eCanter box trucks from Mitsubishi Fuso Truck and Bus Corp. for use in making deliveries in Santa Fe Springs, Calif., and in the greater Houston area in Texas.

Daniel P. Bearth | Staff Writer
December 5, 2018
Business

Transervice Logistics, Prairie Farms Dairy Agree to Contract Maintenance Deal

Transervice Logistics, a customized transportation service provider, has announced that it has entered into an on-site dedicated contract maintenance agreement with Prairie Farms Dairy, one of the largest dairy cooperatives in the Midwest, at its bottling plant in Somerset, Ky.

December 5, 2018
Business, Logistics, TCA

Inland Port Coming to Northeast Georgia

A regional terminal for cargo heading from the Port of Savannah to area companies could open in 2021 at the Gateway Industrial Centre off Ga. 365 in North Hall.

December 5, 2018
Government, Business

Rep. DeFazio on Earmarks Ban: ‘Don’t Think We Need That Rule’

WASHINGTON — The next chairman of the transportation policy panel in the U.S. House of Representatives said the ban on earmarks the GOP imposed nearly a decade ago is no longer needed.

Eugene Mulero | Senior Reporter
December 5, 2018
Business, Technology, Equipment, Fuel

Suppliers See Opportunities With Electric Trucks

Developers of aerodynamic and other equipment that helps fleets curtail fuel use in diesel-powered trucks say they see similar opportunities with electrified vehicles.

Roger Gilroy | Senior Reporter
December 5, 2018
Business, Technology

FourKites Expands Predictive Tracking Into Europe

FourKites, a predictive supply chain visibility provider, has expanded operations into the United Kingdom, according to a Nov. 30 press release. The Chicago-based company also plans to open offices in Europe over the next few months.

December 5, 2018