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.
Oil Posts Weekly Decline as US Drillers Resume Expansion
Oil prices declined for the week of July 3, as expanded U.S. drilling activity and added production offset a larger-than-expected drop in stockpiles.
Waymo Drops Most Patent Claims in Autonomous Tech Fight With Uber
Waymo dropped three of four patent-infringement claims in its lawsuit against Uber Technologies Inc. over the startup’s autonomous vehicle program.
July 7, 2017FedEx, Boeing Announce Big Cargo Freighter as Next ‘Flying Testbed’
A Boeing 777 made for FedEx Express will be the latest in the aircraft manufacturer’s ecoDemonstrator series of planes designed to test emerging technologies.
Cathay Pacific to Buy Out Partner DHL’s 40% Stake in Cargo Unit
Cathay Pacific Airways Ltd. agreed to buy out the stake owned by partner DHL International GmbH in a cargo venture as the premium Asian carrier revamps its operations as part of a three-year transformation program.
Data on Private Hiring Suggest Job Market Is Moderating
Companies adding fewer workers to U.S. payrolls in June than the prior month indicates the job market may be cooling after outsized gains earlier this year, data from the ADP Research Institute showed July 6.
Most Truckload Carriers Expect to Report Lower Earnings in Second Quarter
The truckload industry continued to struggle in the second quarter and earnings are expected to be down year-over-year for most carriers, based on forecasts from industry analysts and interviews with several fleets.
Panama Canal Does Some Good for Environment While Upending Historic Trade Routes
Fresh from a $5.25 billion, nine-year expansion that’s upending decades-old trade routes, it turns out the Panama Canal is also doing a little good for the planet.
State DOTs Eye New US Infrastructure Grants
Several state transportation agencies are reviewing whether to proceed with a federal request to reapply for infrastructure grants that would rely significantly on private capital.
New Rule Might Force Global Shipping Industry to Curb Greenhouse Gas Emissions
The trillion-dollar global shipping industry may soon be forced to curb greenhouse gas emissions under new rules backed by the European Union and China.
Trucking Jobs Dip by 1,400 in June
Trucking industry jobs declined by 1,400 in June as overall payrolls rose by 222,000, the Labor Department reported July 7.
July 7, 2017