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, Government

Positive Traffic News at Ports of Virginia, Charleston, Jacksonville

November was a positive month for several of the top ports in North America, according to monthly statistics released in mid-December.

Ari Ashe | Staff Reporter
December 13, 2016
Business, Technology, Equipment, Safety

Bendix Expands Mexican Production of Valves, Manifolds

Bendix Commercial Vehicle Systems has doubled its capability to manufacture high-performing solenoid valves and assembled manifolds at its Acuña, Mexico, site.

December 13, 2016
Business

Drought Cracks Pavement, Causing Headaches in Mississippi

Mississippi’s Department of Transportation says it has a $526 million funding shortfall. That figure has only grown because of the drought that began in late summer and extended for most of the fall.

David Elfin | Staff Reporter
December 13, 2016
Business, Logistics

Analysis: Maersk Faces Rough Waters From Spare Capacity and Trump

For many folks, 2016 has been a year to forget, and the shipping industry is no exception. But looking ahead, A.P. Moller-Maersk A/S is determined to put a positive spin on things — maybe too positive.

Chris Bryant | Bloomberg News
December 13, 2016
Business

eNow Announces Strategic Partnership With IdleAir

Renewable energy provider eNow announced a strategic partnership with IdleAir, whose grid-powered approach to provide longhaul truck drivers an alternative to idling their engines during rest periods will now be enhanced by eNow’s solar panels.

December 13, 2016
Business

US Import Prices Post Largest Drop in Nine Months

U.S. import prices recorded their biggest drop in nine months in November on declining petroleum costs, with renewed dollar strength threatening to keep imported inflation subdued.

Lucia Mutikani | Reuters
December 13, 2016
Business, Logistics

Small-Business Optimism Surges in November After US Election

Confidence among U.S. small businesses surged in November by the most since the spring of 2009 as companies grew decidedly upbeat about sales and economic prospects after the presidential election, a report from the National Federation of Independent Business showed Dec. 13.

Vince Golle | Bloomberg News
December 13, 2016
Business

FedEx Chief Fred Smith Blasts Trump's Trade Policies

FedEx chief Frederick Smith has gone on the offensive against President-elect Donald Trump's trade proposals, warning of dire consequences if the nation pursues the protectionist policies Trump espoused during the campaign.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
December 13, 2016
Business, Fuel

Diesel Average Jumps 1.3¢ to $2.493 a Gallon

The U.S. average retail price of diesel rose 1.3 cents to $2.493 a gallon, according to the Department of Energy, as the price of crude oil reached its highest level in about 17 months as producers added to earlier announced production cuts.

December 12, 2016
Business, Logistics

Swift Reports Mixed Fourth-Quarter, But Bright Outlook for 2017

Swift Transportation reported that the fourth quarter has been mixed so far, although there have been gains in volume versus late 2015 in the truckload and dedicated units. But the company is confident about 2017 being a favorable year, executives said Dec. 9 on a conference call for investors.

December 12, 2016