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.
New Jersey DOT Announces $47 Million for County Bridge Maintenance Projects
The New Jersey Department of Transportation announced July 31 that more than $47 million in grants has been issued for county bridge maintenance projects.
ArcBest Reports Historic Second-Quarter Revenue
ArcBest Corp. reported second-quarter 2018 revenue of $793.4 million compared with second-quarter 2017 revenue of $720.4 million.
US Construction Spending Fell 1.1% in June
WASHINGTON — Spending on U.S. construction projects fell 1.1% in June, the biggest decline in more than a year as spending on public construction dropped at the highest rate in more than five years.
Vancouver Port Celebrates Completion of Freight Rail Project
Port of Vancouver administrators, along with political and industry leaders, stood atop a small stage in a largely vacant marine terminal the morning of July 31 to celebrate the completion of the $251 million West Vancouver Freight Access project.
US Factories Grew at a Slower Pace in July
WASHINGTON — U.S. factories grew at a slower pace in July, but American industry remains healthy despite growing concern about trade conflicts.
Bendix Spicer Executive: Air Disc Brakes Offer Safety
Safety is among the main benefits of air disc brakes while drum brakes “will still fill certain needs” at some fleets, an executive with Bendix Spicer Foundation Brake said.
August 1, 2018Wabash Posts Strong Second-Quarter Results, Highlights E-Commerce, Home Delivery
Trailer maker Wabash National Corp. reported second-quarter revenue hit an all-time high as net income jumped 39%.
Major Car Exporters Weigh Response to Trump’s Threat of Tariffs
Trade officials from the world’s top car-exporting nations agreed to respond if President Donald Trump slaps new U.S. tariffs on autos and auto parts.
Why the Trucking Shortage Is Costing You
A shortage of truck drivers that has been simmering in the United States for years has reached a full boil, causing anxiety from small factories to the Federal Reserve.
Volkswagen Posts Profit Increase, Cautions Against ‘Protectionism’
FRANKFURT, Germany — Volkswagen said its earnings rose in the second quarter on record sales and fatter profit margins but warned that “growing protectionism” is a threat to the globally connected car industry.