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.
Patriot Transportation Reports Mixed Financial Results for Last Quarter
Patriot Transportation Holding Inc. reported earnings dropped double digits for the three-month period that ended Dec. 31, although it came out ahead when a one-time settlement with gas company BP last year is excluded from the totals.
January 25, 2017YRC Worldwide Preliminary Fourth-Quarter Earnings Fall Short of Expectations
YRC Worldwide Inc. released preliminary figures on its operating income and earnings before interest, taxes, depreciation and amortization for the fourth quarter of 2016 and the entire year, both of which fall short of analysts' estimates.
January 25, 2017Trump Team Compiles Infrastructure Priority List
WASHINGTON — President Donald Trump’s team has compiled a list of about 50 infrastructure projects nationwide, totaling at least $137.5 billion, as the new White House tries to determine its investment priorities, according to documents obtained by McClatchy’s Kansas City Star and The News Tribune.
Mack Trucks Discontinues Titan Model, 16-Liter Engine
Mack Trucks' lineup of heavy-duty vehicles is about to get a little lighter.
Amazon Boosts Cargo Shipments 166% at Pennsylvania Airport
The Lehigh Valley saw air cargo shipments increase nearly 166% in 2016, with planes carrying 126 million pounds of cargo compared with 47.4 million pounds in 2015.
FAA Says Yes to Possible FedEx Facility at Chino Airport
The Federal Aviation Administration has given its nod for a FedEx delivery facility at Chino Airport in San Bernardino County, California.
Capitol Agenda for the Week of Jan. 24: A Toll Bridge Too Far?
America needs new airports, pipelines, sewer systems, bridges and roads, no doubt. But if the funding solution for those projects involves raising tolls or establishing new ones, Americans aren't ready to cross that bridge. So then what? Here's the week ahead for trucking on Capitol Hill.
Canadian National Railway Posts Higher Profits, Ending Tough 2016 on a High Note
Canadian National Railway posted a strong fourth quarter as earnings rose 8.2% year-over-year and beat analyst estimates during the period.
January 24, 2017Senate Democrats Offer $1 Trillion Infrastructure Plan
Responding to President Trump’s insistence he will present Congress with a $1 trillion infrastructure investment proposal this spring, the Senate Democrats proposed an infrastructure plan of their own.
Trump Pins Keystone and Dakota Pipeline Fate on Renegotiation
President Trump took steps to advance construction of the Keystone XL and Dakota Access oil pipelines while foreshadowing a renegotiation of terms and insisting that developers use U.S. steel.