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

Trade Deficit in US Narrows in February to Four-Month Low

The U.S. trade deficit narrowed in February to a four-month low as imports declined and exports improved amid a brighter outlook for global manufacturing, Commerce Department data showed April 4.

Michelle Jamrisko | Bloomberg News
April 4, 2017
Business, Special Coverage

2017: Four Daimler Brands Display at MATS Despite Support of Alternate-Year Format

LOUISVILLE, Ky. — Daimler Trucks North America, the most vocal proponent of a two-year cycle for truck shows, has actually mounted a strong presence here at the Mid-America Trucking Show despite its strong support for the new Atlanta-based event in September.

Jonathan S. Reiskin | Associate News Editor
April 4, 2017
Business, Fuel

Diesel, Up 2.4¢ a Gallon, Follows Oil’s Rise to $50

The U.S. average retail price of diesel jumped 2.4 cents to $2.556 a gallon, and crude oil prices climbed out of a 2 1/2-week trough, rising to $50 a barrel but still lagging prices a month earlier

April 3, 2017
Business

Magnate Adds to Expedited Services With Purchase of Premium Transportation Logistics

Magnate Worldwide has acquired Premium Transportation Logistics, a company based in Toledo, Ohio, that provides expedited ground transportation and freight brokerage services.

April 3, 2017
Business

FedEx CEO Backed by Generals Tries to Nudge Trump on Fuel Rules

To get Donald Trump to come around to tougher fuel-economy standards, a corporate titan is calling in the troops and following a battle plan that worked when George W. Bush was president.

John Lippert | Bloomberg News
April 3, 2017
Business

UPS Adds Saturday Deliveries to Meet Online Shopping Demand

UPS Inc. will add Saturday ground deliveries, making one of the biggest shipping-time changes in its 109-year history in response to rising demand from online shoppers.

Mary Schlangenstein | Bloomberg News
April 3, 2017
Business

US Manufacturing Expands at Robust Pace in March

America’s factories continued to expand in March at a robust pace, demonstrating momentum in an industry that struggled for the better part of the past two years, Institute for Supply Management data showed April 3.

Vince Golle | Bloomberg News
April 3, 2017
Business

In Warehouses of the Future, Robots Do the Walking

Warehouse workers who used to tire themselves out walking from one end of a sprawling building to the other have new tools to do their jobs more quickly and with a lot less shoe leather: robots.

April 3, 2017
Government, Business

Trump Orders Study of 'Trade Abuse' Contributing to Deficits

President Donald Trump ordered on March 31 a comprehensive study to identify every form of “trade abuse” that contributes to U.S. deficits with foreign countries.

April 3, 2017
Business, Special Coverage

MATS Attendees, Exhibitors Decline

The Mid-America Trucking Show reported that 72,271 people came to the show this year and 1,012 firms exhibited, drops of 3.6% and 8.2%, respectively, compared to 2016 levels.

April 3, 2017