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, Technology, Equipment, Safety

Cargo Thefts Decline Sharply in Second Quarter, but $17.2 Million Worth of Freight Still Stolen

Thieves stole $17.2 million worth of cargo in the United States and Canada during the second quarter of 2017, down from $35.1 million in the year-ago period, data tracking firm CargoNet reported.

August 9, 2017
Business

Productivity Gains Accelerate While Pace Remains Tepid

Worker productivity gains in the U.S. accelerated in the second quarter to a pace that’s still tepid by historical standards, a Labor Department report showed Aug. 9.

August 9, 2017
Business, Logistics, TCA

Port Manatee Sets Container Volume Record With Two Months to Go

Container volume at Florida's Port Manatee reached a full-year record for the first 10 months of its current fiscal year.

August 8, 2017
Business, Equipment

Used-Truck Sales Up 17% in June as Inventories of Newer, Cheaper, Lower-Mileage Vehicles Grow

Sales of used heavy-duty trucks rose 17% in June as the average previously owned Class 8 truck was newer, had fewer miles and cost less than a year earlier.

Roger Gilroy | Senior Reporter
August 8, 2017
Business, Fuel

EIA Raises Both 2017, 2018 US Crude Production Forecasts

U.S. producers are seen pumping away, even with the price of West Texas Intermediate crude lingering below $50 a barrel, according to the latest government estimates.

Jessica Summers | Bloomberg News
August 8, 2017
Business

Job Openings Surge to Record in Sign of Robust Labor Demand

A June surge in U.S. job openings to a record indicates demand for workers remained strong at the end of the second quarter, a Labor Department report showed Aug 8

August 8, 2017
Business

Expeditors International Profits Slip 6.2% in 2Q, But Just Beat the Forecast

Expeditors International of Washington Inc. announced profits slipped 6.2% in the second quarter, echoing the trend across the third-party logistics industry.

Ari Ashe | Staff Reporter
August 8, 2017
Business, Safety, TCA

Illinois Community College Adds CDL Classes to Fill Growing Demand for Truck Drivers

Sauk Valley Community College in Illinois is ramping up its commercial driver’s license training, adding classes to funnel more workers into the region’s top-growing occupation.

Rachel Rodgers | Daily Gazette (Sterling, Ill.)
August 8, 2017
Business

Donaldson Co. Appoints Tod Carpenter Chairman

Filtration material manufacturer Donaldson Co. appointed President and CEO Tod Carpenter chairman, effective as of the Bloomington, Minn., company’s annual meeting in November.

August 7, 2017
Business, Logistics

Unishippers Adding Staff with Move to New Facility

Unishippers Global Logistics is moving into a larger facility that will enable it to double the size of its corporate sales and customer support departments.

August 7, 2017