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

Most Americans Support Usage Fees to Fix Crumbling Roads, Survey Shows

Nearly two-thirds of Americans would support roadway user fees to help fix the country's crumbling transportation infrastructure, according to a survey to be published April 28 that was seen by Reuters.

Hilary Russ | Reuters
April 28, 2016
Business

Port of New Orleans CEO Gary LaGrange to Retire Next Year

Longtime Port of New Orleans CEO Gary LaGrange — credited with steering the port through numerous disasters, natural and man-made, as well as economic downturns — will retire next April.

Ted Griggs | The (Baton Rouge, La.) Advocate
April 28, 2016
Government, Business

Economy May Find It Hard to Spring Back From Weak Winter

For the third year in a row, the U.S. economy started the year with a dose of the blues as gross domestic product eked out a 0.5% annual gain, according to Commerce Department figures released April 28.

April 28, 2016
Business

Trucking Companies Continue to Report Weaker Results

Earnings performance generally was weaker at the five companies that announced earnings on April 27 in a freight market described by one of the reporting companies as “difficult.”

Rip Watson | Special to Transport Topics
April 28, 2016
Business

Jobless Claims Hover Around Lowest Level in Four Decades

Jobless claims last week hovered around four-decade lows, showing the labor market remains the strongest part of the U.S. economy.

April 28, 2016
Business

Pending Sales of Existing Homes in March Rise More Than Forecast

More Americans than forecast signed contracts to purchase previously owned homes in March, an encouraging sign as the housing market was entering its busiest selling season of the year.

Sho Chandra | Bloomberg News
April 28, 2016
Business

Amazon to Open 160,000-Square-Foot New York Distribution Center

Amazon.com has agreed to lease a 161,360-square-foot Bethpage, New York, facility to use as part of its vast distribution infrastructure, a spokesman for the online retailer confirmed.

Ken Schachter | Newsday
April 27, 2016
Business, Equipment

Wabash National First-Quarter Sales Grow, Earnings Surge

Booming sales of dry and refrigerated vans enabled trailer maker Wabash National Corp. to post first-quarter records for sales and operating income as well as gains in net income and earnings per share, the company said April 26.

Jonathan S. Reiskin | Associate News Editor
April 27, 2016
Business, Logistics

Logistics Profits Help First-Quarter Earnings Rise at Three Companies

Logistics proved to be a profitable business in the first quarter as three prominent companies reported higher results.

April 27, 2016
Business

Ahead of National Truck Driving Championships, State Champs Congratulated

In advance of August’s National Truck Driving Championships, American Trucking Associations congratulated the state champions of Arizona, Kentucky, Louisiana, Nevada, South Carolina and Virginia who will compete in Indianapolis.

David Elfin | Staff Reporter
April 27, 2016