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 Driver Kills Three Fellow Drivers at San Francisco Package-Sorting Facility
As UPS workers were gathered for a regular Wednesday morning exercise meeting at their San Francisco distribution center, a man wearing the delivery company’s trademark brown uniform burst in and opened fire, killing three people and wounding at least two others before fatally shooting himself in the head, police said.
Human Drivers Are Afraid to Hand the Wheel to Robots
Autonomous autos are advancing so rapidly that companies such as Uber Technologies Inc. and Alphabet Inc.’s Waymo are beginning to offer robot rides to everyday consumers. But it turns out the traveling public may not be ready.
Steady Consumer Comfort Signals Sustained Economic Growth
Americans’ confidence hovered near a decade high last week, indicating consumers remain upbeat about the U.S. economic outlook, Bloomberg Consumer Comfort Index figures showed June 15.
Decline in Factory Output Shows Manufacturing Leveling Off
An unexpected decline in May factory output after the biggest gain in three years shows U.S. manufacturing is leveling off, Federal Reserve data showed June 15.
Jobless Filings at Three-Week Low Amid Strong Labor Market
The U.S. job market continues to show signs of strength, as the number of Americans filing for unemployment benefits fell to a three-week low, according to Labor Department data released June 15.
Trailer Orders Continue to Climb, Approach 18,000 in May
Trailer orders pushed toward 18,000 in May, rising 24% and exceeding expectations, ACT Research Co. reported.
ArcBest Releases Second-Quarter Financial Results Through May
ArcBest Corp. released second-quarter results through May in its less-than-truckload and third-party logistics divisions with strong results in most categories.
June 14, 2017Denis Reilly Joins Kenco Group as President, CEO
Kenco Group has appointed Denis Reilly president and CEO to succeed Jane Kennedy Greene, who will remain chairwoman of the board of directors.
June 14, 2017Drop in Retail Sales Signals Uneven Consumer Spending
U.S. retail sales fell in May by the most since the start of 2016, reflecting broad declines in categories such as motor vehicles and electronics, Commerce Department figures showed June 14.
Slowing Consumer Inflation May Sow Fed Doubt on Prices
A greater-than-expected deceleration in U.S. consumer-price inflation in May could give some pause to Federal Reserve officials as they consider further interest-rate increases, Labor Department figures showed June 14.