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

Westport Fuel Systems Reports Net Loss, Higher Revenue

Westport Fuel Systems Inc. on Nov. 9 reported a net loss and higher revenue for the third quarter, as the recently merged company announced that it continues to review the business and operations to determine additional synergies and efficiencies.

November 10, 2016
Business

Jobless Claims in US Declined Ahead of Presidential Election

Filings for U.S. unemployment benefits declined from an almost three-month high ahead of the presidential election, indicating the job market remains competitive for employers.

Patricia Laya | Bloomberg News
November 10, 2016
Business

ATD Picks Five Nominees for Dealer of the Year

The American Truck Dealers trade group said Nov. 9 it has selected five nominees for its 2017 Truck Dealer of the Year award.

November 10, 2016
Government, Business

Democratic Sen. Chuck Schumer May Be Trump Ally on Infrastructure

When Donald Trump delivered his acceptance speech early Nov. 9, the only policy proposal he mentioned was his desire to rebuild “our highways, bridges, tunnels, airports, schools, hospitals.” Such a plan is at odds with the fiscal restraint enforced by congressional Republicans, but echoes Sen. Chuck Schumer’s own statements.

Steve T. Dennis | Bloomberg News
November 9, 2016
Business

Dow’s 1,172-Point Round Trip Just Misses Post-Election Record

One of the biggest single-day reversals in stock market history left the Dow Jones Industrial Average just shy of a record close.

November 9, 2016
Business

J.B. Hunt to Add Trucks in 2017

J.B. Hunt Transport Services Inc. said Nov. 9 that it planned to add 500 to 700 trucks to its dedicated contract solutions unit and 100 to120 in its truckload division in 2017. Also, it will replace 1,100 trucks.

Roger Gilroy | Senior Reporter
November 9, 2016
Business, Logistics

Stores Hustle to Get Holiday Goods to Shelves After Hanjin's Collapse

LOS ANGELES — The last Hanjin Shipping vessel dropping off goods in California has set sail from the Port of Long Beach, finally clearing the many ships left stranded by the company’s sudden collapse two months ago. But in its wake, the giant shipping line has left a mess that retailers across the country will be sorting out for weeks.

Natalie Kitroeff | Los Angeles Times
November 9, 2016
Business, Logistics

Shares of World’s Biggest Shipping Line Fall Amid Fears of Trade Wars

A.P. Moller-Maersk A/S, the owner of the world’s biggest container shipping line, saw its shares fall Nov. 9 as the outcome of the U.S. presidential election fanned concern there will be a shift toward policies that are hostile toward global trade.

November 9, 2016
Business, Fuel

Oil Losses Ease as Market Turmoil Abates After Trump Victory

Oil losses eased as global markets weighed the implications of Republican Donald Trump’s election as the 45th U.S. president.

November 9, 2016
Business, Equipment

Dorsey Launches All-Aluminum Platform Trailer Series

Specialty trailer manufacturer Dorsey Trailer introduced an all-aluminum platform trailer series, Aluminum Giant, with a capacity of 80,000 pounds evenly distributed, according to the company.

November 9, 2016