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.
Dan Doran Named Chairman of Truckload Carriers Association
Dan Doran was named chairman of the Truckload Carriers Association for the 2018-2019 term at the group’s annual convention March 27 in Kissimmee, Fla.
FedEx Orders 20 Tesla Semis
FedEx Corp has ordered 20 of the Tesla Semi electric trucks for its FedEx Freight less-than-truckload unit.
March 27, 2018$127 Million Savannah Port Rail Hub Expected to Take 200,000 Trucks Off State’s Freeways
On March 27, the Georgia Ports Authority held a ceremonial groundbreaking for the $126.7 million Mason Mega Rail Terminal, a sprawling rail yard GPA Executive Director Griff Lynch said will provide better connections to the main CSX and Norfolk Southern rail networks as well as provide direct access to coveted Midwestern cities such as St. Louis and Chicago.
China Appeals for Cooperation as It Warns of ‘Trade War’
A top Chinese official warned March 25 that a “trade war” would harm all sides but gave no indication of Beijing’s possible next move in a spiraling dispute with President Donald Trump over steel and technology.
FedEx Cancels Indiana Shipping Hub Project, Citing Increased Automation at Other Facilities
Two months after crediting Republican tax cuts with fueling new investment in Indianapolis, FedEx has canceled a plan to build a large new project in Greenwood, Ind.
Home Prices in 20 US Cities Advance More Than Forecast
A limited number of properties for sale against a backdrop of steady demand helped keep home prices elevated in January, according to S&P CoreLogic Case-Shiller data released March 27.
Waymo, Jaguar Team Up With 20,000-Car Self-Driving Fleet
Waymo is teaming up with Jaguar Land Rover on autonomous vehicles, its second major automaker partnership and a big boost for the nascent technology that has come under scrutiny recently.
S.C. Ports Authority Announces Record Container Volume Through February
South Carolina Ports Authority posted record fiscal year-to-date container volume through February with more than 1.4 million 20-foot equivalent container units handled since July.
March 27, 2018Consumer Confidence Eases for First Time This Year
U.S. consumer confidence declined in March for the first time this year on tempered optimism about the outlook for the economy, according to figures March 27 from the New York-based Conference Board.
March 27, 2018‘Flying Whale’ Blimp That Never Lands Joins Global Cargo Airship Race
France has entered the global race to develop a viable cargo airship with a 500-foot blimp designed to lift lumber from deep woodland.
March 27, 2018