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.
Spending on Trucking Services Soars in Fourth Quarter
Spending on trucking services advanced by their highest rate this decade in the fourth quarter of 2017, spurred by demand and tight capacity, according to the U.S. Bank Freight Payments Index, a quarterly measure of quantitative changes in freight shipment and spending activity tracked on a national and regional level.
Forget NAFTA. The Trade War With Canada Has Already Started
Prime Minister Justin Trudeau is preparing for the possibility the U.S. may pull out of NAFTA. For Canadian companies, the trade skirmish has already begun.
Sen. John Cornyn's New Bill Offers Help for Local Road Projects
Sen. John Cornyn (R-Texas) touted his recently introduced infrastructure bill as a way for states and municipalities to finance highway projects at a gathering of mayors Jan. 25.
Caterpillar Tops Estimates Again With a Bright Outlook for 2018
If you want more evidence of a broadening expansion in the global economy, look no further than Caterpillar Inc.
Union Pacific Ends 2017 on the Right Track
Union Pacific Corp. announced that profits grew to $7.3 billion or $9.25 per share, a figure that includes a line item connected to the Tax Cuts and Jobs Act.
Travelocity Founder Terry Jones Says Companies Must Innovate or Face Disruption
ATLANTA — In an era when technology is transforming many industries, companies must foster innovation to keep up with the pace of change, entrepreneur Terry Jones said in a speech to transportation leaders.
Crude Breaks $65 as Record Drawdown Whittles US Oil Stockpiles
Crude popped above $65 a barrel for the first time in more than three years after U.S. crude stockpiles fell for a 10th week in the longest stretch of declines on record.
New Orleans Mayor Mitch Landrieu Calls Mayors to Action on Infrastructure
WASHINGTON — Mayors must take the lead if they hope to improve their cities’ infrastructure with the help of federal partners, according to New Orleans Mayor Mitch Landrieu.
Shippers Plan to Move More Freight in 2018
Three out of every four shippers plan to route more freight in 2018 than last year, according to the annual State of the North American Supply Chain survey.
Self-Driving Car Crash Highlights Tricky Legal Question
General Motors is in a race to be the first company to mass produce self-driving cars, but a recent crash with a San Francisco motorcyclist has illustrated the tricky challenge of assigning blame when an autonomous vehicle gets in an accident.