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.
UPS Inc. to Add Holiday-Shipping Surcharge in November, December to Handle E-commerce Shipping
UPS Inc. will institute a holiday-shipping surcharge for residential delivery in much of November and December this year to help deal with the torrent of e-commerce shipping at that time of year.
$13.7 Billion Amazon Deal for Whole Foods Expected to Benefit Trucking
Amazon.com Inc. said that it will buy Whole Foods Market Inc. for $13.7 billion, and the deal is expected to benefit trucking.
Trump’s Trade Chief Says US Won’t Force Quick NAFTA Deal
Home-Sales Pickup Signals Market Withstanding Weak Supply
Trailer Orders Jump 24% in May to Nearly 18,000
Europe’s Truck Makers Offer Detailed Timeline to Run Truck Platoons Before 2025, Scania Says
Truck maker Scania said Europe’s truck manufacturers have presented a detailed timeline of steps leading up to the introduction of convoys of semi-automated trucks on Europe’s motorways before 2025. At the same time, similar U.S. efforts are emerging.
Total US Logistics Spend Dipped in 2016, Says CSCMP
WASHINGTON — Anemic shipping volumes combined with weak pricing for transportation carriers in 2016 to push down total U.S. business spending on logistics, both in dollars and as a percentage of gross domestic product.
Speaker Ryan Asks Manufacturers to Help Congress Pass Tax Overhaul
WASHINGTON — Executives in the manufacturing sector should view reforms to the tax code in aspirational ways to help Congress advance such reforms this year, House Speaker Paul Ryan (R-Wis.) said June 20.
FedEx Profits Rise 65%
FedEx Corp. reported profits grew year-over-year, increasing 65% over the last 12 months and easily beating the Bloomberg News consensus forecast on both an annual and quarterly basis.
Illinois County Hires Former State DOT Secretary to Push Freight Plan
Former Illinois Department of Transportation Secretary Ann Schneider was unanimously hired by the Will County board June 16 to implement the Community Friendly Freight Mobility Plan that she helped create after amending her proposed contract.
June 20, 2017