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.
Gibson Energy Inc. sold Canadian Truck Transportation for C$100 million, the company announced in a news release.
April 11, 2019
TT File Photo
Unions for workers at Overland Park, Kan.-based YRC Freight and two affiliated companies reached a tentative labor agreement that would result in wage increases over the next five years for most who are covered under the proposal.
April 11, 2019
A national flag is seen on the hull of a commercial fishing vessel moored in the harbor in Reykjavik, Iceland (Arnaldur Halldorsson/Bloomberg News)
As global warming creates shipping routes that can cut across the northern tip of the planet, a new port is being built on the fringe of the Arctic circle.
April 11, 2019
David Paul Morris/Bloomberg News
Filings for U.S. unemployment benefits unexpectedly dropped, falling to the lowest level since October 1969, as the tight labor market showed little sign of easing.
April 11, 2019
House Appropriations Committee/YouTube
WASHINGTON — Transportation Secretary Elaine Chao reaffirmed the Trump White House’s desire to partner with congressional transportation leaders on an infrastructure policy package that would reflect the views of Democrats and Republicans.
April 10, 2019
Titanium Transportation
Titanium Transportation Group Inc. has expanded into the United States with an office in Charlotte, N.C., the company said in a news release. The Bolton, Ontario-based brokerage firm said it expects to add other locations throughout the United States.
April 10, 2019
Alex Kraus/Bloomberg News
A bipartisan group of senators introduced legislation April 10 that would extend a lucrative tax credit for electric vehicles that could benefit companies such as Tesla Inc. and General Motors Co.
April 10, 2019
A containership at the Port of Los Angeles. (Tim Rue/Bloomberg News)
The bustling activity at America’s seaports added $5.4 trillion to the economy in 2018 by way of revenue to businesses, personal income and economic output by exporters and importers.
April 10, 2019
Luke Sharrett/Bloomberg News
Crude closed at a five-month high after U.S. government data showed the biggest decline in gasoline stockpiles since 2017, offsetting an increase in crude inventories.
April 10, 2019
1-10 in Houston by Shutterstock
The Federal Highway Administration has awarded the Texas Department of Transportation nearly $7 million to fund a truck parking availability system along Interstate 10 in four states.
April 10, 2019