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.
Amazon Patents Flying Warehouse for Better Drone Deliveries
Amazon.com has filed for a patent to use airships to store products and serve as a base for delivery-drones.
Oil Dips After Unexpected US Crude Inventory Build
Oil futures dipped on Dec. 29 after a surprise build in U.S. crude inventories reversed an advance in prices that had boosted the benchmarks to their highest levels since July 2015.
US Goods Trade Deficit Widens as Labor Market Near Full Strength
A drop in U.S. exports in November pushed the country's trade deficit in goods higher, while the number of Americans filing for unemployment benefits the week ended Dec.24 is a positive sign for the labor market.
Ontario Trucking Association Issues Roadmap to Natural Gas
To assist the government of Ontario in the design of a heavy-duty truck natural-gas program, the Ontario Trucking Association said it issued “Natural Gas as an Alternative Fuel for Canadian Truck Fleets: A Roadmap Toward Implementation.”
December 29, 2016Morgan Corp. to Add Additional Plant in New England
Medium-duty truck body manufacturer Morgan Corp. will expand its manufacturing footprint into New England, it said, and a site search is under way to select a location capable of supporting the production of up to 3,000 truck bodies annually.
December 29, 2016China Would Outlast US in Trade War, Billion-Dollar Fund Says
China would outlast the United States in a trade war, which is a “distinct possibility” in 2017 after President-elect Donald Trump takes office, a commentator wrote in the $1 billion Pine River China Fund’s investor letter.
American Consumer Comfort Closes In on Best Year Since 2007
Household confidence in the United States is closing in on its best year since before the latest recession, according to figures in the Bloomberg Consumer Comfort Index released Dec. 29.
Wisconsin DOT Study Finds Tolls Would Raise Billions for State Highways, Boost Travel Costs
Tolling Wisconsin’s U.S. interstates could raise billions for the state’s most-traveled thoroughfares, but the cost would be borne by motorists, big upfront investments would be needed and it’s unclear if the state could get the federal approval it would require, a new state Department of Transportation study finds.
Ohio River Bridges Tolls to Start On Dec. 30
Tolls on the renovated Kennedy Bridge, the adjacent, new Lincoln Bridge and the new Lewis and Clark Bridge 8 miles to the east connecting Indiana and Kentucky over the Ohio River will begin at 4 a.m. on Dec. 30, RiverLink spokeswoman Mindy Peterson announced.
American Natural Gas Acquisitions Expand Fueling Network
Alternative fuel distributor American Natural Gas added 18 compressed natural gas fueling stations in eight states to its network through the separate acquisitions of Constellation CNG and Questar Fueling Co.
December 29, 2016