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.
Prime Inc. Donates More Than $200,000 From Canceled Events to Charities
Prime Inc. donated a large portion of funds from its canceled 2020 company events to several charities.
February 5, 2021Universal Logistics Reports $16.2 Million Profit for Q4 2020
Universal Logistics Holdings Inc. on Feb, 4 reported its highest fourth-quarter earnings on record. The asset-light transportation and logistics company posted net income of $16.2 million, or 60 cents per diluted share,
Biden Signals Ditching GOP in Push for $1.9 Trillion Aid
President Joe Biden gave his strongest indication yet that he will push for his $1.9 trillion COVID-19 relief plan without Republican support, saying that a weak jobs report shows the risk of doing “too little.”
Amazon Bid to Delay Union Vote Rejected
The National Labor Relations Board has rejected Amazon .com Inc.’s request to delay a unionization vote at the company’s Bessemer, Ala., warehouse, clearing the way for the closely watched election to begin next week
Arizona DOT’s I-15 Bridge Replacement Project Aims to Help Commerce Flow
In an effort to facilitate the flow of commerce, the Arizona Department of Transportation is starting work to replace a bridge that carries Interstate 15.
Fuel Cell Truck Startup Hyzon Agrees to Merge With Decarbonization Plus SPAC
Hyzon Motors Inc., a fuel cell truck startup, has agreed to go public via a merger with Decarbonization Plus Acquisition Corp., according to people with knowledge of the matter.
USA Truck Reports $5.9M Earnings for Q4
USA Truck Inc. posted record fourth-quarter earnings as the company rebounded from a year-ago loss to a profit in the three-month period ending Dec. 31.
YRC Becomes Yellow, Announces Q4 Earnings and Continues Rebuilding Its Fleet
The recently rebranded Yellow Corp. — formerly YRC Worldwide — narrowed annual losses by nearly half even as fourth-quarter losses widened, and said it is bolstering operations through property divestitures and investments in new equipment.
Employers Add Just 49,000 Jobs as Unemployment Falls to 6.3%
WASHINGTON — U.S. employers added just 49,000 jobs in January, a sign that the viral pandemic retains a tight grip on the economy nearly a year after it triggered a painful recession.
Trade Deficit Rises to $679 Billion, the Highest Since 2008
WASHINGTON — The U.S. trade deficit rose 17.7% last year to $679 billion, highest since 2008, as the coronavirus disrupted global commerce and confounded President Donald Trump’s attempts to rebalance America’s trade with the rest of the world.