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, Safety

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.

Eleanor Lamb | Staff Reporter
August 1, 2018
Business, TCA

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.

Times Record | (Fort Smith, Ark.)
August 1, 2018
Government, Business

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.

Matt Ott | Associated Press
August 1, 2018
Business, Logistics, TCA

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.

Dameon Pesanti | The Columbian (Vancouver, Wash.)
August 1, 2018
Government, Business

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.

Paul Wiseman | Associated Press
August 1, 2018
Business, Technology, Equipment, Safety

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, 2018
Business, Equipment

Wabash 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%.

Roger Gilroy | Senior Reporter
August 1, 2018
Government, Business

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.

Bryce Baschuk | Bloomberg News
August 1, 2018
Government, Business, Logistics

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.

August 1, 2018
Government, Business, Fuel

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.

David McHugh | Associated Press
August 1, 2018