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

Pennsylvania’s National-High Diesel Tax to Soar Another 14 Cents on Jan. 1

Pennsylvania truckers, who already pay the nation’s highest diesel fuel taxes, won’t be happy when they fill their vehicles after the New Year. That’s because on Jan. 1 that tax will rise from 63.87 cents per gallon to 77.59 cents per gallon.

David Elfin | Staff Reporter
December 14, 2016
Business, Technology

Amazon Popcorn Airdrop Makes Drone Delivery History

Retail giant Amazon has made its first drone delivery to an actual customer, dropping off a Fire TV device and a bag of popcorn to a house in the English countryside 13 minutes after receiving an online order.

December 14, 2016
Business

FedEx Shares Break $200 Barrier as Market Surges

FedEx shares hit $200 Dec. 13 for the first time, propelled by a stock market surge since the election of Donald Trump.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
December 14, 2016
Business

Werner Enterprises Expands Terminal in Laredo, Texas

Werner Enterprises Inc. finished a project to improve and expand the truckload company’s Laredo, Texas, terminal, the company announced Dec. 14.

December 14, 2016
Business

Pilot Flying J President Jimmy Haslam Answers Questions About Alleged Fuel Rebate Scam

Pilot Flying J President Jimmy Haslam emerged the evening of Dec. 13 from a daylong deposition in a civil lawsuit over the firm's alleged diesel fuel rebate scam with another denial of any role or knowledge of the fraud to which several subordinates have confessed or are facing indictment.

Jamie Satterfield | Knoxville (Tenn.) News-Sentinel
December 14, 2016
Business

As Florida Ports Expand, Officials Call For Continued Funding to Handle Bigger Ships

Florida's seaports have added 200,000 jobs to the state's economy since 2012, the Florida Port Council announced at a Tampa press conference Dec. 13.

Alli Knothe | Tampa Bay Times (St. Petersburg, Fla.)
December 14, 2016
Business

Factory Production Drops for First Time in Three Months

U.S. factory output dropped in November for the first time in three months, showing an anemic recovery in manufacturing after an extended slowdown.

Michelle Jamrisko | Bloomberg News
December 14, 2016
Business

Retail Sales in US Increased Less Than Forecast in November

Sales at U.S. retailers rose less than forecast in November, representing a pause in spending after robust gains in the previous two months.

Patricia Laya | Bloomberg News
December 14, 2016
Business

Wholesale Prices in US Rise 1.3% in November From Year Ago

Wholesale prices in the U.S. rose from a year earlier by the most since 2014 as food costs and retail margins increased, helping bring inflation closer to the Federal Reserve’s goal.

Patricia Laya | Bloomberg News
December 14, 2016
Government, Business

Public, Private, Nonprofit Sector Insiders Team to Focus on Nation’s Infrastructure Woes

WASHINGTON — Representatives from government, private and nonprofit sectors discussed best practices and examples of successful projects Dec. 13 while offering advice to the incoming Trump administration and lawmakers on how to fix the $3.3 trillion infrastructure funding shortfall.    

David Elfin | Staff Reporter
December 13, 2016