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.

Government, Business, Logistics

Amazon Reconsidering NYC Headquarters After Opposition

Amazon NYC residents protesting Amazon outside City Hall. (Sangsuk Sylvia Kang/Bloomberg News)

Amazon.com Inc. is reconsidering its plan to build a corporate campus in New York after facing a wave of opposition, according to a news report that cited unnamed people familiar with the matter.

Henry Goldman and Spencer Soper | Bloomberg News
February 8, 2019

Transport Topics Podcasts

RoadSigns podcast

Check out the latest podcast episodes of our RoadSigns and LiveOnWeb programs. Episode 2 of our Season Intersession of RoadSigns, "Is Trucking Charging Toward an Electric Reality?" is now available. Check back here often as new content is always being added!

Transport Topics
January 3, 2019
Government, Business

US Warns EU Tariff Threat Will Return Unless Juncker Delivers

May U.K. Prime Minister Theresa May and the European Union are at odds with one another over Brexit deal. (Jasper Juinen/Bloomberg News)

The U.S.-European trade truce struck last summer that has helped keep punitive tariffs at bay is at risk of unraveling, with America’s top diplomat to the European Union citing a lack of goodwill and progress in negotiations.

Richard Bravo and Nikos Chrysoloras | Bloomberg News
February 8, 2019
Government, Business

Bankruptcy Judge Gives Sears Another Chance

Sears Seth Wenig/Associated Press

A bankruptcy judge on Feb. 7 approved a $5.2 billion plan by Sears’ chairman and biggest shareholder to keep the iconic business going.

Anne D’Innocenzio | Associated Press
February 8, 2019
Business, Technology, Equipment, Safety

Automakers Recall 1.7 Million Vehicles With Potentially Lethal Air Bags

Takata Paul Sancya/Associated Press

DETROIT — Subaru, Tesla, BMW, Volkswagen, Daimler Vans, Mercedes and Ferrari are recalling about 1.7 million vehicles to replace potentially deadly air bag inflators made by Takata Corp. of Japan.

Tom Krisher | AP Auto Writer
February 8, 2019
Business, Technology, Logistics, TCA

Tesla to Cut 1,000 Jobs Starting March 20

Tesla Elon Musk at Tesla headquarters in Palo Alto, Calif. (David Paul Morris/Bloomberg News)

Tesla’s Fremont factory will be the hardest hit in California by the global job cuts the electric vehicle maker announced last month.

Levi Sumagaysay | The Mercury News (San Jose, Calif.)
February 8, 2019
Government, Business

Trump Says Summit With Xi ‘Unlikely’ by Tariff Deadline Date

Donald Trump President Donald Trump (Andrew Harrer/Bloomberg News)

President Donald Trump said he won’t meet Chinese President Xi Jinping before a March 1 deadline to avert higher U.S. tariffs on Chinese goods, intensifying fears the two won’t strike a deal before the end of a 90-day truce.

Bloomberg News
February 8, 2019
Business, Technology, Logistics

Ford Investing $1 Billion in High-Profit SUV Plants

Ford Revealing of the 2020 Ford Explorer, CEO Jim Hackett right. (Jeff Kowalsky/Bloomberg News)

Ford Motor Co. is investing $1 billion in two Chicago factories and hiring 500 workers to expand its ability to crank out high-profit sport utility vehicles, including its new Explorer.

Keith Naughton | Bloomberg News
February 8, 2019
Business, Logistics

Venture Formed to Provide Bulk Liquids Storage, Logistics

Hartree Partners, a New York-based commodities trading firm, is forming a business to provide storage, terminaling and logistics services for producers of crude oil, refined petroleum products and other bulk liquids.

February 8, 2019
Business, Top 100

Forward Air Achieves Record Revenue, Profits in 4Q

Forward Air John Sommers II for Transport Topics

Forward Air Corp. turned in its best-ever fourth quarter and full year in 2018 with profits topping expectations and revenue increasing across most of its freight service lines.

Daniel P. Bearth | Staff Writer
February 7, 2019
Business, Logistics

Hub Group Revenue Tops $1 Billion in Fourth Quarter

Hub intermodal train Hub Group

Intermodal and logistics service provider Hub Group reported revenue topping $1 billion and higher profits in the fourth quarter of 2018.

Daniel P. Bearth | Staff Writer
February 7, 2019

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