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.
Union Pacific Profit Tops Estimates on Cost Cuts as Cargo Drops
Union Pacific Corp. reported profit that beat analysts’ estimates after cutting costs as the railroad heads for its first annual drop in sales since the recession in 2009.
DHL Global Forwarding, Freight Celebrates Bicentennial Birthday
DHL Global Forwarding, Freight, is celebrating its 200th birthday this year and is looking back at its founding, shortly after the Battle of Waterloo.
October 22, 2015More Trouble for Caterpillar as Sales Fall Most in Five Years
For Caterpillar Inc., the commodities rout has yet to hit bottom.
Daimler AG Truck Unit’s Third-Quarter Earnings Set Record
Daimler AG reported third-quarter earnings before interest and taxes at its global truck division were the highest ever, climbing 34% to about $897 million compared with about $667 million in the year-earlier quarter.
October 22, 2015Jobless Claims Hover Near Lowest Level in Four Decades
Fewer Americans than forecast filed applications for unemployment benefits last week, giving workers more reason to feel secure in their jobs.
Intermodal Rail Volume Rises 1% For Week
Weekly U.S. intermodal rail traffic rose 1% from the same period last year, the Association of American Railroads reported.
October 21, 2015Familiarity With Washington's Political Landscape an Asset for New ATA Chairman Pat Thomas
LOUISVILLE, Ky. — For Pat Thomas, senior vice president of state government affairs at UPS Inc. and the new chairman of American Trucking Associations, Big Brown’s gargantuan hub here epitomizes freight connectivity.
Singapore Post Acquires TradeGlobal, Expands e-Commerce Services
Singapore Post has agreed to acquire TradeGlobal Holdings, a company based in Cincinnati that provides e-commerce and logistics services, from the investment firm Bregal Sagemount for $168.6 million.
October 21, 2015European Regulators Won’t Block FedEx-TNT Linkup
FedEx Corp. and TNT Express N.V. announced that European regulators won’t object to the companies’ $4.9 billion acquisition plan, a decision that removes a barrier to their deal.
October 21, 2015Investment Firms Acquire Great Western Leasing and Sales
Two private equity investment firms, Headhaul Capital Partners and Argosy Investment Partners, have acquired Great Western Leasing and Sales Inc. and will work with the company’s management to grow the business.
October 21, 2015