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, Technology

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, 2016
Business

Anticipating 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.

John Hyland | Bloomberg News
November 10, 2016
Government, Business

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, 2016
Business

UPS 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.

Ari Ashe | Staff Reporter
November 10, 2016
Business

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.

Dameon Pesanti | The Columbian (Vancouver, Wash.)
November 10, 2016
Business, Fuel

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.

Mark Shenk | Bloomberg News
November 10, 2016
Business, Equipment

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, 2016
Government, Business

Colorado 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.

David Elfin | Staff Reporter
November 10, 2016
Business

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.

Ari Ashe | Staff Reporter
November 10, 2016
Business

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