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.
Saia Profits Grow in 4th Quarter, Full-Year 2017
Profits at Saia Inc. nearly quintupled in the fourth quarter due to the Tax Cuts and Jobs Act, but the less-than-truckload carrier grew top- and bottom-line results in 2017 even without the one-time tax benefit.
USA Truck Bounces Back in 4Q
USA Truck reported fourth-quarter net income of $14.8 million, or $1.84 per diluted share, on revenue of $83.8 million.
February 2, 2018Amazon's Investment in Warehouses, Robots Pays Off in Rising Sales and Bigger Profit
Years of investments in warehouses and robots and data centers and gadgets — that have often tested investor patience — paid off big for Amazon over the holidays.
US Adds 200,000 Jobs; Wages Rise by Most Since Recession
U.S. hiring picked up in January and wages rose at the fastest annual pace since the recession ended, as the economy’s steady move toward full employment extended into 2018.
February 2, 2018Consumer Comfort Highest Since 2001 on Optimism for Economy
U.S. consumer confidence, along with a measure of Americans’ views of the economy, advanced last week to the highest levels in nearly 17 years, the Bloomberg Consumer Comfort Index showed Feb. 1.
Truck Driver Shortage Slows Operations at World’s Largest Newsprint Maker
For the world’s largest newsprint maker, there simply are not enough truck drivers to move its goods.
Roadrunner Releases Financials Through 2016
One year after withdrawing its financial statements dating to 2011, Roadrunner Transportation Systems Inc. on Jan. 31 took a major step forward by releasing amended results through 2016.
How Autonomous Trucks Could Lead to More Driving Jobs, Not Fewer
Self-driving truck developer Uber Technologies Inc. predicts that transfer hubs for longhaul autonomous trucks will increase demand for local drivers, countering perceptions that automation will lead to widespread job losses in trucking.
Daimler Expects Heavy Spending on New Tech as Industry Shifts to Autonomous Driving
German automaker Daimler made lots of money last year. That’s a good thing, because the company says it will need to spend heavily this year to keep up with the technological change expected to disrupt the car industry.
Transportation Stakeholders Curious About Trump Infrastructure Package
Much of the transportation community — freight and business executives, the construction sector, local leaders and experts — said President Donald Trump’s call for a $1.5 trillion infrastructure bill that also would streamline project permitting to two years during his State of the Union address left them with more questions than answers, particularly on the matter of funding.