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.
Port of Oakland Selects First African-American and First Female Board Secretary
Commissioners at the Port of Oakland elected their first African-American member and first female secretary of the board, appointing Daria Edgerly to the position in late October.
November 6, 2017Unemployment Drops to 4.1%; Trucking Employment Flat
The national unemployment rate fell 0.1 percentage point in October to 4.1%, the lowest level since December 2000, according to the U.S. Department of Labor’s Bureau of Labor Statistics.
Qualcomm Confirms Broadcom’s $100 Billion Buyout Offer
Qualcomm confirmed Nov. 6 that it received a buyout offer from Broadcom of $70 a share in cash and stock.
November 6, 2017CVS to Offer Nationwide Next-Day Delivery in Preemptive Shot at Amazon
CVS Health plans to begin offering next-day delivery of prescriptions and retail merchandise from its nationwide network of more than 9,700 stores, marking a potentially preemptive strike at Amazon as the online giant weighs entry into the pharmacy business.
GlobalTranz Joins Blockchain in Trucking Alliance
GlobalTranz Enterprises Inc. has joined the Blockchain in Trucking Alliance, a group of industry executives and companies dedicated to developing and promoting blockchain technology standards in the logistics and trucking industry.
November 6, 2017Polaris Transportation Group Expands Headquarters
Polaris Transportation Group is expanding its head office in Mississauga, Ontario, as it grows to meet demand following its recent acquisition of trucking and warehousing hazmat specialists J.G. Drapeau Ltd. and Commercial Warehousing Ltd.
November 6, 2017Capitol Agenda for the Week of Nov. 6: Tax Reform Cometh
The leader of a group representing a large portion of the trucking industry is urging lawmakers to advance a tax reform bill the Republican-led tax-writing House Ways and Means committee will consider for most of this week.
The 18 Former Employees Charged in the Pilot Flying J Federal Investigation
Eighteen former employees have been charged in the federal investigation of Pilot Flying J, the family business of Jimmy Haslam. Fourteen have pleaded guilty but have not been sentenced.
Unemployment Drops to 4.1%, Trucking Employment Flat
The unemployment rate fell 0.1 percentage point in October to 4.1%, the lowest level since December 2000, according to the U.S. Department of Labor’s Bureau of Labor Statistics
Port Everglades Sets Record for Cargo Volumes
Florida’s Port Everglades set a record for containerized cargo volumes for fiscal 2017 ending Sept. 30, reporting 1,076,893 TEUs, the standard 20-foot-equivalent container units, a 4% increase from fiscal 2016.
November 6, 2017