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.
Manufacturing Growth Cooled in July From One-Year High
U.S. manufacturing expanded in July, though at a slower pace, indicating gradual improvement that could help the economy emerge from a weak first half of the year.
Fragile Economy Now Facing a Slowdown in Building Boom
At a quarry in Bridgeport, Texas, where rock is crushed, sorted and cleaned, it’s hard to tell that the nation’s construction boom may be hitting a wall.
Allison Reports Second-Quarter Sales Slipped, Income Rose
Automatic transmission supplier Allison Transmission Holdings Inc. reported higher income and lower revenue for the second quarter as on- and off-highway demand slipped.
August 1, 2016UPS Net Income Rises to $1.27 Billion in Second Quarter
UPS Inc. boosted second-quarter net income by 3.2% to $1.27 billion, or $1.43 per share, led by higher domestic and international profitability.
July 29, 2016ArcBest, Saia Announce Lower Second-Quarter Earnings
Second-quarter net income declined 31% at Saia Inc. and 49% at ArcBest Corp. as the trend toward lower earnings at most carriers persisted in a freight market both companies described as “challenging.”
July 29, 2016UPS Considering $106 Million Expansion of Kentucky Ground Hub
UPS Inc. is considering a $106 million expansion of its ground hub in Lexington, according to state government officials.
Clinton Promises Robust Job-Creating Infrastructure Plan
A multiyear plan designed to boost funding for new highways and bridges would provide employment for people currently looking for work, former Secretary of State Hillary Clinton said while accepting her party’s presidential nomination on July 28 at the Democratic National Convention in Philadelphia.
July 29, 2016Amazon Opening Third Chicago-Area Warehouse
E-commerce giant Amazon.com is opening a third Chicago-area fulfillment center in Romeoville, Illinois. The company didn't receive any local or state tax breaks.
Consumer Sentiment Falls on Dimmer View of Economy
Consumer confidence slid in July from the prior month on dimmer views of the U.S. economy’s prospects and lingering concerns among higher-income earners about global market conditions.
July 29, 2016Daimler to Kick Off Medium-Duty Engine Production
YOUNTVILLE, Calif. — Daimler Trucks North America announced its Detroit-branded DD5 medium-duty engine will officially hit the market later this year in the Freightliner M2 106 truck model.