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.

Special Coverage, Business

Longshoremen’s Union Pledges to Fight Port Automation as Execs Call it Inevitable

The head of the International Longshoremen’s Association plans to fight efforts to automate terminals as part of the negotiations beginning in February on a new contract to cover 65,000 dockworkers. However, a panelist at the 2017 Transportation Research Board conference described it as inevitable.

Ari Ashe | Staff Reporter
January 12, 2017
Business

Amazon to Create 100,000 Jobs in US in Next 18 Months

Amazon.com Inc. revealed plans to hire more than 100,000 people in the United States in the next 18 months, grabbing the spotlight as President-elect Donald Trump pushes companies to employ more Americans.

January 12, 2017
Business

Meyers to Close Canadian LTL Operations

Meyers Transportation Services announced it is shutting down its less-than-truckload freight carrier operating in Canada after 90 years in business due to poor economic conditions and increased competition in the market.

January 12, 2017
Business

Port of Portland Director Bill Wyatt to Retire in June, Setting Up Leadership Debate

Bill Wyatt, the Port of Portland's executive director since 2001, will retire at the end of June, the port announced June 11.

Ted Sickinger | The Oregonian (Portland, Ore.)
January 12, 2017
Business, Fuel

Ports Turn to Natural Gas in Quest for Cleaner Marine Fuel

The tightening of emissions limits for deep-water ships has some of North America’s busiest ports chasing a new opportunity.

January 12, 2017
Business

Import Prices Rise on Petroleum

U.S. import prices rose in December, boosted by higher prices for petroleum products, but a strong dollar kept underlying imported inflation subdued.

Lucia Mutikani | Reuters
January 12, 2017
Business

Applications for US Jobless Benefits Rise Less Than Expected

Fewer Americans than forecast filed applications for unemployment benefits last week, showing a healthy job market at the start of 2017.

Shobhana Chandra | Bloomberg News
January 12, 2017
Special Coverage, Business

Drones, 3-D Printing to Speed Change in Freight Transportation

WASHINGTON — While freight transportation has undergone enormous change over the past quarter-century, even more is coming and very quickly, driven by demanding customers and an amazing array of technology that might actually allow carriers to satisfy shippers.

Jonathan S. Reiskin | Associate News Editor
January 11, 2017
Business

Ports on Both Coasts Post Record-High Container Traffic in 2016

It was a record-setting year in 2016 for several of the top North American container ports, although the Hanjin Shipping Co. bankruptcy filing in August dashed hopes for a strong showing at the country’s second-largest port.

Ari Ashe | Staff Reporter
January 11, 2017
Government, Business

ATA’s Chris Spear Named to USDOT Committee on Automation

Chris Spear, President of American Trucking Associations, is one of 25 members of a U.S. Department of Transportation advisory committee on automation that was announced Jan. 11.

David Elfin | Staff Reporter
January 11, 2017