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.
AB Volvo Ends 2017 With Record Revenue
Diversified truck manufacturer AB Volvo reported a surge in net income as well as record revenue for 2017 as truck demand remains high in Europe and is increasing in North America and Brazil.
Productivity Fell Last Quarter to Extend Sluggish Run
Productivity in the U.S. unexpectedly fell for the first time since early 2016 as working hours slightly outpaced output, underscoring a sluggish pace of efficiency gains during this expansion, a Labor Department report showed Feb. 1.
UPS Ends 2017 With Strong Results
UPS Inc. reported robust fourth-quarter earnings, even after adjustments tied to pension contributions and the Tax Cuts and Jobs Act, led by double-digit growth in the freight and third-party logistics businesses and a strong holiday season.
Patriot Transportation Earns $3.6 Million in Profits
Patriot Transportation Holding Inc. announced $3.6 million in profits in its fiscal first quarter, more than four times the amount one year ago thanks to $3 million in deferred tax benefits tied to the Tax Cuts and Jobs Act.
January 31, 2018Landstar Posts Record Profits, Revenue in 4Q
Landstar System said it reached a key milestone in the fourth quarter of 2017 with revenue topping $1 billion for the first time and earning record profits from its asset-light trucking and freight brokerage operations.
January 31, 2018California Could See the Return of $4 Gasoline by May
Motorists in California, the state with the most expensive gasoline, could see pump prices that begin with a 4 again as oil markets rally.
FedEx Looks to Fill 800 Part-Time Jobs at World Hub
A FedEx Express job fair is scheduled for 8 a.m. to 3 p.m. Feb. 3 at 2874 Business Park Drive, Building D, near Memphis International Airport.
Smith Transport Founder Hires Todd Smith as President
Mack Posts Modest Uptick in Deliveries, Receives Surge in Orders in 2017
If you look solely at Mack Trucks’ delivery total last year, you see a number that is only 4% — or about 800 trucks — higher than the company’s total in 2016, which was its worst statistical year since 2010.
Americold Stock Sale Gives a Lift to Warehousing Sector
While proceeds from Americold Logistics’ recent initial public offering are going mostly to pay off debt, executives say the move also will help kickstart growth for the Altanta-based warehouse operator by boosting its ability to pursue acquisitions and fund new e-commerce distribution, transportation and logistics services.