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.
SAF Holland Offers Lighter Trailer Suspension, Fifth-Wheel Lighting
ST. LOUIS — SAF Holland announced two products designed, respectively, to help fleets reduce greenhouse-gas emissions with a lighter suspension for van trailers and also new sensor technology to assist drivers as they inspect a fifth wheel to ensure it is locked.
Bennett International Opens Semi-Automated Warehouse in Georgia
Bennett International Group celebrated the grand opening of a new warehouse for John Deere in Grovetown, Georgia, on Oct. 25.
October 28, 2016Amazon Spooks Investors With Big Spending on Warehouses, Video Ahead of Holidays
Amazon.com reminded investors it’s still willing to spend lavishly on products or areas that could be the next big thing — whether video streaming, automated personal assistants or a toehold in emerging markets — even if it means thinner profit margins and a weaker stock price.
October 28, 2016Consumer Sentiment in US Matches Lowest Reading Since 2014
Consumer confidence dropped more than previously reported to match the lowest level since 2014, with Americans less upbeat about both current and future conditions in the weeks before the presidential election.
NFI Industries CEO Steps Down From Sun National Bank Board
NFI Industries CEO Sidney Brown will be stepping down as the chairman of the board at Sun National Bank, effective Dec. 31.
October 28, 2016XPO Logistics Sells Truckload Business to TransForce for $558 Million
XPO Logistics has sold the Con-way Inc. truckload business to TransForce Inc. for $558 million in cash, a move that involved negotiations between two of the Top 10 companies on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.
Earnings Decline at YRC Worldwide, Universal Logistics
YRC Worldwide Inc. and Universal Logistics Holdings Inc. reported weaker third-quarter profits in a continuation of the freight industry trend that has led to lower earnings at most companies.
October 27, 2016UPS Profits Rise 1% to $1.27 Billion in Third Quarter
UPS Inc. boosted third-quarter net income by 1% to $1.27 billion, or $1.44 per share, helped by stronger profits in international business.
October 27, 2016Donald Trump's $1 Trillion Infrastructure Plan Relies on Private Funding
Republican presidential candidate Donald Trump has revealed details of a $1 trillion plan for infrastructure spending over a decade that relies heavily on private funding.
October 27, 2016UPS CEO Sees Greater Commitment From Obama Administration on TPP Deal
The top executive at UPS Inc. said Oct. 27 he is seeing a greater commitment from the Obama administration on completing the Trans Pacific Partnership deal despite negative election campaign rhetoric about free trade agreements.