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

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.

Jonathan S. Reiskin | Associate News Editor
June 21, 2017
Business

$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.

Laurie Wiegler | Staff Reporter
June 21, 2017
Government, Business

Trump’s Trade Chief Says US Won’t Force Quick NAFTA Deal

Andrew Mayeda | Bloomberg News
June 21, 2017
Business, Equipment

Trailer Orders Jump 24% in May to Nearly 18,000

Roger Gilroy | Senior Reporter
June 21, 2017
Business, Technology, Equipment, Autonomous

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.

Roger Gilroy | Senior Reporter
June 21, 2017
Business, Logistics

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.

Jonathan S. Reiskin | Associate News Editor
June 20, 2017
Government, Business

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.

Eugene Mulero | Senior Reporter
June 20, 2017
Business, Logistics

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.

Ari Ashe | Staff Reporter
June 20, 2017
Government, Business, Logistics

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