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.
Alibaba Rival JD Envisions Its Own Delivery Drone Fleet in China by End of 2017
From Amazon.com Inc. to Domino’s Pizza, technology giants and retailers have dreamed of drone deliveries for years. One Chinese e-commerce giant intends to make it a full-fledged reality by 2017.
November 11, 2016Anticipating Infrastructure Spending, Market Soars to Record Close
The Dow Jones Industrial Average’s first record close in three months comes amid a market drawing increasingly bright lines between what it views as winners and losers in a Donald Trump presidency.
Former Pa. Governor, Oklahoma City Mayor to Talk Infrastructure Nov. 14
Pennsylvania’s former governor and infrastructure proponent Ed Rendell (D) will be joined by Oklahoma City Mayor Mick Cornett for an in-depth look at infrastructure and transportation needs for the coming year.
November 10, 2016UPS to Build New Atlanta Hub, Creating 1,250 Jobs by End of 2018
UPS Inc. announced plans on Nov. 10 to spend more than $400 million to build a 1.2-million-square-foot regional package sorting hub in Atlanta that also will create 1,250 new jobs.
Port of Vancouver OKs Larger Budget for 2017
Port of Vancouver commissioners on Nov. 8 unanimously approved a $85.2 million budget for 2017 and tax levy that will not increase.
Oil Falls as Focus Returns to OPEC After Trump Election Surprise
Oil fell as the market’s focus shifted from the shock of Donald Trump’s U.S. presidential election victory to questions about OPEC’s ability to rebalance crude supply and demand.
Doonan to Open New Flatbed Trailer Plant
Doonan Specialized Trailer announced it has gutted a 25,000-square-foot manufacturing plant, previously used to stall-build custom trailer products, and created a high-efficiency flatbed trailer plant.
November 10, 2016Colorado Budget Cuts Will Hamper Freight Movement in State
Colorado’s Department of Transportation, which already has an $800 million annual funding shortfall, is taking another $80 million hit in fiscal 2018 and fiscal 2019 in Gov. John Hickenlooper’s proposed budget.
Radiant Logistics Reports First Non-Adjusted Profit Since June 2015
Radiant Logistics Inc. reported a profit of $1.35 million on Nov. 9, up from the $172,490 loss it reported one year ago.
Mack Trucks Completes Rollout of Diagnostic and Planning System
Mack Trucks said it has completed the rollout across its entire product line of its diagnostic and repair planning system, GuardDog Connect, adding it as a standard item most recently to its LR refuse models equipped with its standard MP engine.
November 10, 2016