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.
US Industrial Production Edged Up 0.1% in July
WASHINGTON — U.S. industrial production rose modestly last month, held down by drops in mining and utilities.
Scenes from NTDC 2018
NTDC 2018 is here! More scenes from the Greater Columbus Convention Center in Columbus, Ohio, at the truck driving championships, which conclude Aug. 18. (Photos by John Sommers II for Transport Topics)
August 15, 2018Ford to Spend $740 Million as Part of Detroit Train Station Project
Ford Motor Co. will spend nearly $740 million to renovate the Michigan Central Station and other sites the automaker purchased in Detroit’s Corktown neighborhood, the company said Aug. 14.
US Productivity Posts 2.9% Growth in 2Q
WASHINGTON — U.S. productivity grew at an annual rate of 2.9% in the second quarter, the fastest pace in more than three years, while labor costs actually fell.
Five Things to Watch for at NTDC 2018
Five things to watch for at the National Trucking Driving Championships in Columbus, Ohio.
August 14, 2018Universal Logistics Purchases Southern Counties Express for $65 Million
Universal Logistics Holdings Inc. is expanding its intermodal business, announcing Aug. 10 it is acquiring Compton, Calif.-based Southern Counties Express Inc. for $65 million.
Being Defending Champion Adds Pressure, FedEx’s Roland Bolduc Says
COLUMBUS, Ohio — Winning it all at last year’s National Truck Driving Championships helped elevate Roland Bolduc’s exposure.
Medium-Duty Sales Near 20,000 in July Amid Consumer-Sector Strength
U.S. retail sales of medium-duty trucks in July rose nearly 15% above a year earlier as all classes posted gains, WardsAuto.com reported.
Deb DeLuca Named New Duluth Port Director
Deb DeLuca was named the executive director of the Duluth Seaway Port Authority Aug. 13, becoming the first woman to hold the role.
Columbus Gets Ready for NTDC
Scenes from the build-up to the National Truck Driving Championships Aug. 15-18 at the Greater Columbus Convention Center in Columbus, Ohio. (Photos by John Sommers II for Transport Topics)
August 14, 2018