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

Blackstone, KKR Said to Pursue $1 Billion Container Terminal

Cosco Ship Tim Rue/Bloomberg News

Cosco Shipping Holdings Co.’s sale of a container terminal in Long Beach, Calif., has drawn interest from potential buyers, including Blackstone Group LP and KKR & Co., people familiar with the matter said.

Gillian Tan and Vinicy Chan | Bloomberg News
December 13, 2018

Transport Topics Podcasts

RoadSigns podcast

Check out the latest podcast episodes of our RoadSigns and LiveOnWeb programs. Episode 1 of our Season Intersession of RoadSigns, "How Does Congress Say Trucking," is now available. Check back here often as new content is always being added!

Transport Topics
October 22, 2018
Business, Equipment

Class 8 Truck Sales Rise 21.8% in November

New trucks on the lot at Kentuckiana's Premier Truck Center in Clarksville, Ind. New rigs at Kentuckiana's Premier Truck Center in Clarksville, Ind. (John Sommers II for Transport Topics)

U.S. retail sales of Class 8 trucks in November were 21,302, up 21.8% compared with a year earlier, WardsAuto.com reported.

Transport Topics
December 13, 2018
Government, Business

Jobless Claims Fall to 12-Week Low Amid Tight Labor Market

Job Fair Gabby Jones/Bloomberg News

U.S. filings for unemployment benefits fell last week to the lowest since September, returning to hover near an almost five-decade low and signaling the labor market remains tight after what some economists saw as possible cooling signs.

Katia Dmitrieva | Bloomberg News
December 13, 2018
Business, Logistics, Top 100

UPS Purchases $18.3 Million in Property in Massachusetts

UPS Worker UPS warehouse (John Sommers II for TT)

United Parcel Service has purchased properties in Shrewsbury, Mass., and Grafton, Mass., for $18.3 million as it considers whether to build a $200 million distribution facility in the area.

Lisa Eckelbecker | The Worcester, Mass. Telegram Gazette
December 13, 2018
Business, Logistics, Top 50, Top 100, TCA

Holiday Shipping Deadlines for Amazon, USPS, UPS, FedEx

UPS Getty Images

Procrastinators take note: The deadline is fast approaching to get those gifts in the mail to arrive by Christmas Eve.

Doreen Christensen | Sun Sentinel
December 13, 2018
Business, Technology, Fuel

Volvo’s Voorhoeve Sees Strong 2019 Truck Market

Peter Voorhoeve Volvo Trucks North America President Peter Voorhoeve hosts a media roundtable in Washington on Dec. 11. (Joseph Terry/Transport Topics)

WASHINGTON — Peter Voorhoeve, the new president of Volvo Trucks North America, predicted another banner year for the truck market in 2019 and voiced a desire to promote more respect for the truck driving profession.

Seth Clevenger | Managing Editor, Features
December 13, 2018
Government, Business, Technology, Fuel

Coming Dec. 19: LiveOnWeb's 'Plugging Into an Electric Future'

LiveOnWeb: Plugging Into an Electric Future

On our Dec. 19 LiveOnWeb program, we’ll be “Plugging Into an Electric Future” as we assess the rapid escalation of development and deployment of electric vehicle technology. Save your seat or ask a question in advance.

Transport Topics
December 12, 2018
Government, Business, Logistics, TCA

Norfolk Southern Confirms HQ Move to Atlanta

Norfolk Southern train TT file photo

Norfolk Southern Corp. on Dec. 12 announced officially what had been expected for some time: that it will move its corporate headquarters from Norfolk, Va., to Atlanta.

Robert McCabe | The (Norfolk) Virginian-Pilot
December 12, 2018
Government, Business, TCA

Trucking Company Protests Illinois Utility’s Pick for Coal-Hauling Contract

McLeod Express truck on highway A McLeod Express truck. (John Sommers II for Transport Topics)

An East St. Louis, Ill.-based trucking company president protested the city of Springfield’s decision to award a three-year coal-hauling contract to a Decatur-based firm and asked City Council members on Dec. 11 to instead give the contract to his company.

Crystal Thomas | The State Journal-Register (Springfield, Ill.)
December 12, 2018
Government, Business

Report: China Could Allow Foreign Companies More Industrial Access

Tire factory worker in China A factory worker lays out strips of rubber to produce tires at a tire factory in Jining, China. (Keith Bedford/Bloomberg News)

WASHINGTON — A media report suggests Beijing is scrapping its “Made in China” industrial policy criticized by the Trump administration in favor of one that allows greater access for foreign companies.

Associated Press
December 12, 2018

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