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.
Consumer Sentiment Unexpectedly Surges to 13-Year High
U.S. consumer sentiment unexpectedly surged to a 13-year high as Americans’ perceptions of the economy and their own finances rebounded following several major hurricanes, a University of Michigan survey showed Oct. 13.
US Core Inflation Misses Estimates; Energy Boosts Main Gauge
U.S. inflation excluding food and fuel was below estimates for the sixth time in seven months, even as a hurricane-driven spike in energy prices boosted the overall cost of living by the most since January, a Labor Department report showed Oct. 13.
October 13, 2017US Retail Sales Rise Most Since 2015 on Storm-Related Lift
U.S. retail sales jumped last month by the most in more than two years as motor vehicles lost to hurricanes were quickly replaced and higher prices lifted receipts at gasoline stations, Commerce Department figures showed Oct. 13.
October 13, 2017Scott Mugno Is the ‘Brain Coach’ to FedEx’s Championship Drivers
When FedEx Express’ Roland Bolduc claimed the Grand Champion prize at this year’s National Truck Driving Championships, he did so as part of a team of about 170 company drivers who were dominant in every class. While the skills required to claim those victories are varied and unique to the competitors, the company has for years relied heavily on one man to get its drivers ready: Scott Mugno.
Tax Reform to Spark Economic Confidence, Rep. Peter Roskam Says
Hybrid Truck Startup XL Gets $22 Million From Exelon, Ikea
XL Hybrids Inc. won $22 million in venture capital funding led by units of Exelon Corp. and Ikea Group to accelerate sales of its hybrid-electric delivery trucks.
Cargo Volumes Surge at Southern California Ports; Virginia Sees 8.2% Gain
Container traffic continues to flourish in the peak shipping season, easily outpacing last year’s totals in September.
Video: ATA Chairman Kevin Burch Talks Tax Reform on Fox
About 13 hours after President Donald Trump saluted ATA Chairman and Jet Express President Kevin Burch for his 40-plus years in trucking, Burch appeared on Fox News' "Fox & Friends" morning program Oct. 12, pointing out that the need for small-business tax reform shouldn't be a partisan issue.
October 12, 2017Indiana’s Mister “P” Express Celebrates 30 Years Despite Rough Start
Not long after Mister “P” Express, Inc. opened in 1987 in Southern Indiana, founder Allan Parnell’s wife, Bunny, suggested closing the trucking company’s doors.
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