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.
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December 1, 2024Mexico Warns Against ‘Inflationary’ US Tariff Plan
Donald Trump’s threat of 25% tariffs on Mexico and Canada would cost the U.S. economy as many as 400,000 jobs and increase prices for American consumers, according to the Mexican government.
European Markets Slide on Trump’s Trade War Warning
Trump's threat to hit Canada, China and Mexico with tariffs because of the flow of illegal drugs and migrants into the U.S. sent European stocks lower.
Trump’s Trade Pick Pushes Strategic Decoupling From China
Jamieson Greer, who’s been nominated as the U.S. trade representative, played a key role in imposing tariffs on China during Trump’s first term.
November 27, 2024Pony AI Raises $413M, Shares Surge in Nasdaq Debut
With Pony’s offering, Chinese companies have raised $1.2 billion via U.S. IPOs this year, nearly double the amount in the same period in 2023 but below the heights seen during the pandemic.
Goldman Warns of Consequences From Canada Tariff Plan
The 25% levy on all products from Canada proposed by Trump would likely raise the price of fuels in the U.S., said Daan Struyven, the head of commodities research for Goldman.
Consumer Spending Powers Q3 US GDP Growth to 2.8%
Gross domestic product increased at a 2.8% annualized pace in the third quarter, the second estimate of the figures from the Bureau of Economic Analysis showed Nov. 27.
Trucking Cares Supports N.C. Recovery With $50K Donation
The largest donation in Trucking Cares Foundation history will help hospital workers in western North Carolina rebuild their own lives while they serve their storm-ravaged community.
November 27, 2024NMFTA’s LTL Freight Classification Updates Coming July 2025
The National Motor Freight Traffic Association has set July 19, 2025, as the date it will launch its updated less-than-truckload freight classification system.
November 27, 2024Federal Reserve Officials Signal Cautious Path for Rate Cuts
WASHINGTON — With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves.