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

Job Openings Rose in September From Lowest Level This Year

Job openings in the rose in September from the lowest level of the year and hiring slowed, figures from the U.S. Department of Labor’s Job Openings and Labor Turnover Survey showed Nov. 8.

Michelle Jamrisko | Bloomberg News
November 8, 2016
Business, Fuel

TravelCenters Reports Third-Quarter Income Rose, Launch of Commercial Tire Network

TravelCenters of America reported third-quarter income rose as revenue dipped amid gains in fuel volume, fuel gross margin, nonfuel gross margin and continued improvements in site level operating expense controls, it said. 

November 8, 2016
Business, Logistics

Cargo Owners in Flight to Safety After Hanjin Collapse, Shipping Lines Say

SHANGHAI — Cargo owners are becoming more concerned about risks and are shifting their business to shipping lines deemed more financially stable after the collapse of South Korea's Hanjin Shipping Co., top shipping executives said.

November 8, 2016
Business, Government

Deutsche Post Harvests Online-Shopping Boom With Record Profit

Deutsche Post AG’s third-quarter profit jumped more than threefold to a record as the mail operator shifts to tap booming shipments from Internet shopping and recovered from costs for a failed software project.

Richard Weiss | Bloomberg News
November 8, 2016
Business

PIT Group, U.S. Xpress Launch Fuel-Efficiency Test on Multiple OEMs’ Class 8 Trucks

TUNNEL HILL, Ga. — Engineering and research company PIT Group and truckload carrier U.S. Xpress Enterprises announced they had begun the first in-service fuel-efficiency test in the United States with a variety of Class 8 trucks and various powertrain combinations to compare actual performance levels.

Roger Gilroy | Senior Reporter
November 7, 2016
Business, Fuel

Diesel Dips 0.9¢ to $2.470 a Gallon

The U.S. average retail price of diesel dipped 0.9 cent to $2.470 a gallon, according to the Department of Energy.

November 7, 2016
Business

Port of Oakland Reports October Exports Highest Since 2013

The Port of Oakland reached a three-year high for exports in October, port officials announced in the monthly results released Nov. 7.

November 7, 2016
Business

UPS Buys Marken to Boost Health Care Services

UPS Inc. reached an agreement to purchase Marken, a supply chain logistics provider to the health care and biosciences industries, the company announced on Nov. 7.

November 7, 2016
Business, Logistics

As Holidays Approach, Stores Struggle to Sort Out Hanjin Shipping Mess

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.

Natalie Kitroeff | Los Angeles Times
November 7, 2016
Business

Colonial Restarts Largest US Gasoline Line After Blast

The largest U.S. gasoline pipeline restarted the morning of Nov. 6, six days after an explosion and fire in Alabama during planned work on the line.

November 7, 2016