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.
Saia Profits Rise 17% in Third Quarter
The less-than-truckload sector began the earnings season on a high note with Saia Inc. reporting profits increased 17% in the third quarter.
October 26, 2016Sales of New Homes Remain Close to Nine-Year High
Purchases of new U.S. homes in September stayed near a nine-year high, showing residential real estate was maintaining momentum heading into the quieter selling season.
Logistics Firms Sunteck Transport Group, TTS Announce Merger
Logistics service providers Sunteck Transport Group and TTS have agreed to merge, a deal that continues a consolidation trend in the industry.
October 26, 2016Consumer Confidence Retreated More Than Forecast in October
Consumer confidence declined more than forecast in October, as households became less upbeat about the economy and labor market, figures from the New York-based Conference Board showed Oct. 25.
C.H. Robinson, Ryder Report Lower Earnings
Two more freight companies — C.H. Robinson Worldwide Inc. and Ryder System Inc. — have reported weaker third-quarter results, following a trend established in last week’s earnings reports.
October 25, 2016Idaho Trucker Chosen to Deliver Capitol Christmas Tree in Kenworth T680
Twin Falls, Idaho, truck driver and business owner Gary Amoth has been selected to drive the truck that will take the U.S. Capitol Christmas tree from McCall, Idaho, to Washington, D.C., in November.
Wabash National Reports Higher Earnings on Lower Sales
Trailer manufacturer Wabash National Corp. reported year-over-year net income rose and revenue fell in the third quarter.
Mercedes-Benz to Launch Pickup Truck in 2017
FRANKFURT, Germany — Mercedes-Benz will launch a pickup truck in late 2017, becoming the first German premium automaker to enter one of the most lucrative segments in the car industry.
Google Express Expands Across Southeast, Northwest
Google announced it is extending its online shopping and delivery service across the Southeast and Northwest. With the increase, Google Express will reach 70 million more people, according to the company.
Otto's Beer Delivery Hailed as First Shipment by Self-Driving Truck
Otto announced Oct. 25 that one of its heavy-duty, self-driving trucks completed a 120-mile delivery for Anheuser-Busch InBev the week of Oct. 17 in what it called the world’s first shipment by a self-driving truck.