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.
Canadian Pacific First-Quarter Revenue Rises as Strike Threat Rises
Canadian Pacific Railway reported first-quarter revenue of C$1.66 billion and diluted earnings of C$2.41 per share April 18 as potential labor troubles loomed.
FHWA Offers $60 Million in Transportation Technology Grants
The Federal Highway Administration has made $60 million in grant money available for states and cities that are leading transportation-related technology projects.
DHL Express Expands New York City Operations
DHL Express U.S. has invested more than $13 million in two facilities in New York City to support international trade growth and the rise of international e-commerce, the company announced.
April 18, 2018Corn Belt Senators Ask EPA to Stop Issuing Waivers Exempting Refineries From Biofuel Laws
Thirteen Corn Belt senators, led by Minnesota Democrat Amy Klobuchar and Iowa Republican Chuck Grassley, have petitioned the U.S. Environmental Protection Agency to stop issuing waivers that exempt certain oil refineries from federal biofuel laws.
Worldwide Flight Services Lays Off 161 at Philadelphia International Airport
Cargo-handler Worldwide Flight Services will lay off 161 employees at the American Airlines freight facility at Philadelphia International Airport in June because the airline has not renewed its contract.
Ivanhoe Cambridge Targets Canadian Warehouse Space in Amazon Era
Ivanhoe Cambridge Inc., the real estate arm of one of Canada’s biggest pension funds, plans to increase its assets by a third with a bet on the booming warehouse space.
Fed Says Tariff Concerns Cloud Otherwise Solid Growth Outlook
New tariffs and concerns over widening trade disputes cast a shadow over the Federal Reserve’s most recent survey of U.S. businesses even as all 12 regions reported continued robust job growth with few signs of overheating.
Canada Oil Recovery Faces Threat From Potential Rail Strike
A potential strike by Canadian Pacific Railway Ltd. workers threatens to derail a recovery in Alberta’s beaten-down heavy oil prices.
China’s $1 Billion Port With Almost No Container Traffic
Each year, about 60,000 ships vital to the global economy sail through the Indian Ocean past a Chinese-operated port on the southern tip of Sri Lanka. Few stop to unload cargo.
Blockchain on Verge of Revolutionizing Shipping Industry
Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still relies on millions and millions of paper documents.