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.

Business

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, 2017
Business

Unemployment 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.

Burney Simpson | Staff Reporter
November 6, 2017
Business, Technology, Equipment, Autonomous, TCA

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, 2017
Business, Logistics, TCA

CVS 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.

Nathan Bomey | USA Today
November 6, 2017
Business, Logistics

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, 2017
Business

Polaris 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, 2017
Government, Business, Logistics

Capitol 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.

Eugene Mulero | Senior Reporter
November 6, 2017
Business, Fuel, TCA

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.

John Caniglia | The Cleveland Plain Dealer
November 6, 2017
Government, Business

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

Burney Simpson | Staff Reporter
November 6, 2017
Business

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