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 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.

Evan Sernoffsky | San Francisco Chronicle
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June 15, 2017
Government, Business, Technology, Safety, Autonomous

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.

Keith Naughton | Bloomberg News
June 15, 2017
Business

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.

Sho Chandra | Bloomberg News
June 15, 2017
Business

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.

Shobhana Chandra | Bloomberg News
June 15, 2017
Business

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.

Patricia Laya | Bloomberg News
June 15, 2017
Business, Equipment

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.

Roger Gilroy | Senior Reporter
June 14, 2017
Business

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, 2017
Business

Denis 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, 2017
Business

Drop 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.

Sho Chandra | Bloomberg News
June 14, 2017
Business

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.

Michelle Jamrisko | Bloomberg News
June 14, 2017