Business

About Business News...

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.

Government, Business

US Can Import Canadian Trucks That Follow Safety Standards, NHTSA Says

The National Highway Traffic Safety Administration announced Jan. 2 in the Federal Register that Canadian-made vehicles that do not comply with federal motor vehicle safety standards but adhere to comparable Canadian standards are eligible for importation into the United States.

Eleanor Lamb | Staff Reporter
January 2, 2018
Business, Logistics, Autonomous, TCA

Largest Automated Container Terminal Begins Operation in China

A $2.15 billion fully automated container terminal started operating at Shanghai’s Yangshan Port.

Wang Ying | Asia News Network
January 2, 2018
Government, Business

Eaton Expects About $100 Million Expense From New Tax Law

Component supplier Eaton Corp. reported it expects a one-time tax expense of between $90 million and $110 million as a result of the new Tax Cuts and Jobs Act.

January 2, 2018
Business, Logistics

QRC Logistics Cuts Ribbon on New Canadian Warehouse

QRC Logistics, a Canadian third-party logistics firm, opened a new 289,000-square-foot warehouse in Ontario on Dec. 20.

January 2, 2018
Government, Business, Logistics

Rep. Bill Shuster Won't Seek 10th Term

Rep. Bill Shuster (R-Pa.), chairman of the House Transportation and Infrastructure Committee, announced Jan. 2 that he will not seek re-election.

Eleanor Lamb | Staff Reporter
January 2, 2018
Business

Federal-Mogul Expands Product Portfolio, Rewards Program

Component supplier Federal-Mogul Motorparts expanded its product portfolio for the heavy-duty market and its loyalty programs to reward technicians who work on heavy-duty vehicles.

January 2, 2018
Business, Fuel, Logistics

Icy Rivers Slow New York Barges Trying to Deliver Heating Fuel

Shivering New Yorkers may have to pay more to get warm as ice in the Hudson River delayed fuel-barge deliveries and the U.S. government warned of a home heating-fuel shortage from the East Coast to Texas.

Laura Blewitt | Bloomberg News
January 2, 2018
Business, Logistics

DHL, Campbell Soup Generate New Jobs in North Carolina

DHL Supply Chain and Campbell Soup Co. will deliver a gift to warehouse workers in North Carolina: 140 new jobs.

January 2, 2018
Business, Logistics, TCA

UPS Touts Record Number of Package Returns This Holiday Season

Some 1.4 million packages are expected to be sent back to retailers on Jan. 3, according to UPS Inc., which has dubbed the massive return-to-sender day “National Returns Day.”

Jennifer Van Grove | Sun Sentinel (Fort Lauderdale, Fla.)
January 2, 2018
Business

Outlook for US Corporate Earnings Is at a Six-Year High

Wall Street doesn’t think corporate America will have a hard time coming up with those employee bonuses that were promised after taxes were slashed.

Luke Kawa | Bloomberg News
January 2, 2018