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.
Tire Makers Work to Develop Product Lines That Promote Greater Fuel Efficiency
Tire makers say they continue to develop more fuel-efficient products ahead of tighter greenhouse gas emissions standards.
Trucking Industry Payrolls Dip by 100 in May
For-hire trucking lost 100 jobs in May, while the unemployment rate declined to a 16-year low, the Labor Department reported June 2.
June 2, 2017Wider Trade Gap May Signal Drag on Second-Quarter Growth
U.S. demand for foreign-made goods climbed and exports declined, causing the trade deficit to widen in April, which may restrain the pace of economic growth this quarter, Commerce Department data showed June 2.
Waymo Working on Self-Driving Truck
Alphabet Inc.'s self-driving car unit, Waymo, is working on developing self-driving trucks, the company said June 1.
Wal-Mart Asks Employees to Deliver Packages on Their Way Home
Wal-Mart Stores Inc. is testing a program that sends store employees to deliver online orders at the end of their shifts, a new push by the world’s biggest retailer to use its large physical footprint to match Amazon.com Inc.’s convenient options for web purchases.
June 1, 2017New York City, XPO Renew Emergency Logistics Deal
New York City renewed a multiyear contract with XPO Logistics that calls for the company to provide emergency management services across the five boroughs of the nation’s most populous city.
June 1, 2017Volvo Expects Range of Market Shifts to Push Demand for New Model
WINSTON-SALEM, N.C. — Volvo Trucks North America expects market shifts that range from the expanded Panama Canal to the strongest construction market in a decade to lift demand for its new VNR regional-haul model, company representatives said.
UPS Opens Facility in Poland as Part of $2 Billion Europe Expansion
UPS Inc. has announced the opening of a new package facility in Myslowice, Poland. The larger center and increased sorting capacity will allow the service to help businesses of all sizes in southern Poland reach customers in the rest of the country, Europe and beyond, according to a UPS release.
June 1, 2017ATRI Seeks Industry Input for Operational Costs Report
The American Transportation Research Institute is seeking input from for-hire motor carriers for its upcoming Operational Costs of Trucking report.
June 1, 2017Manufacturing Settles In at Solid Pace of Expansion
American factories are settling back into a solid pace of expansion after a post-election run-up that saw the Institute for Supply Management’s manufacturing gauge hit an almost three-year high, figures released June 1 showed.