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.
FedEx, UPS Trade Barbs Over NRA Ties After Florida Shooting
The two biggest U.S. couriers are at pains to point out the other’s close relationship with the National Rifle Association.
US Fourth-Quarter Growth Revised Down to 2.5% Annual Pace
The U.S. economy’s growth rate last quarter was revised slightly downward as inventories subtracted more than previously estimated, Commerce Department data showed Feb. 28.
Red Arts Capital Adds Central Arizona Freight to Holdings
Red Arts Capital, an investment firm launched two years ago in Chicago, has added a second regional less-than-truckload carrier to its holdings with the purchase of Central Arizona Freight in Phoenix.
February 28, 2018Tom Garrison, Former CEO of American Freightways, Dies at 57
Tom Garrison, the former president and CEO of American Freightways Inc., died at his home in Harrison, Ark., on Feb. 11. He was 57.
Trump’s Biofuel Summit With Senators Ends Without Agreement
Donald Trump’s meeting with senators warring over the future of a program designed to boost biofuels ended without a breakthrough Feb. 27, prolonging a clash that could undermine the president’s political appeal in Pennsylvania and Iowa.
Colorado May Vote on Potential Sales Tax Hike to Finance Road Projects
Colorado voters may see a question on the ballot in November about raising the state’s sales tax to finance infrastructure projects.
Tax Reform Benefits Expeditors, Matson in 4Q
Expeditors International of Washington Inc. and Matson Inc. reported fourth-quarter and full-year 2017 results with both seeing boosts from the U.S. Tax Cuts and Jobs Act implemented in December
C.H. Robinson Taps Robert Biesterfeld as Chief Operating Officer
Third-party logistics company C.H. Robinson Worldwide Inc. promoted Robert Biesterfeld to chief operating officer, effective March 1.
February 27, 2018Ford is Arriving With a Solution to Miami’s Terrible Drivers: Eliminate Them
On Feb. 27, Ford announced it had chosen Miami-Dade to be the first large-scale test site of its self-driving vehicle fleet.
Self-Driving Cars With No In-Vehicle Backup Driver Get OK for California Public Roads
Self-driving cars with no human backup behind the wheel will be legal on California roads for testing and transporting the public starting April 2.