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

Judge ‘Shocked’ at Postal Service, May Order DeJoy to Testify

Postmaster General Louis DeJoy may have to testify under oath about his agency’s failure to follow court orders to avoid delivery disruptions for mail-in ballots during the election.

November 4, 2020
Government, Business, Safety

Arkansas Approves Sales Tax; Rideshare Drivers Score Win in California

Although the next occupant of the White House remained unclear the day after the election, certain transportation-related issues were definitively settled at the state level Nov. 3.

Eleanor Lamb | Staff Reporter
November 4, 2020
Government, Business

House Transportation Chairman Peter DeFazio Wins Re-Election

Rep. Peter DeFazio beat back political newcomer Alek Skarlatos’ challenge to win another term as the federal legislator in Oregon’s 4th District.

Eugene Mulero | Senior Reporter
November 4, 2020
Business, Technology, Fuel, Logistics, Autonomous, Top 50, Top 100

Ryder Looks to Advance Tech With Venture Capital Fund

Ryder System Inc. is working to advance its technology and forge new partnerships with the launch of its corporate venture capital fund, the company detailed Nov. 2.

Connor D. Wolf | Staff Reporter
November 4, 2020
Business, Technology, Equipment

Ford’s October Sales Fall as F-150 Factory Retooling Takes Toll

Ford Motor Co.’s U.S. sales fell 6.1% in October, dragged down in part by a factory overhaul to produce the redesigned version of its top-selling F-150 pickup.

Keith Naughton | Bloomberg News
November 4, 2020
Government, Business

Services Sector Expands for Fifth Straight Month

SILVER SPRING, Md. — The U.S. services sector, where most Americans work, registered its fifth consecutive month of expansion in October.

Matt Ott | Associated Press
November 4, 2020
Government, Business

Fugitive Carlos Ghosn Aims to Settle Scores in Book

Executive-turned-international fugitive Carlos Ghosn is gunning for revenge in a new book published this week about the events surrounding his arrest in Tokyo two years ago, 130-day Japanese imprisonment and dramatic escape to Lebanon.

Tara Patel | Bloomberg News
November 4, 2020
Government, Business

US Companies Add Fewer Jobs Than Forecast, ADP Report Shows

U.S. companies added fewer jobs in October than forecast, a private report showed, indicating the absence of additional fiscal stimulus is prompting some firms to adjust payrolls as the pandemic continues to wear on the recovery.

Henry Ren | Bloomberg News
November 4, 2020
Government, Business, Technology

Uber, Lyft Spend Big, Win in California Vote About Drivers

LOS ANGELES — Uber, Lyft and other app-based ride-hailing and delivery services spent $200 million in a winning bet to circumvent California lawmakers and the courts to preserve their business model by keeping drivers from becoming employees eligible for benefits and job protections.

Brian Melley | Associated Press
November 4, 2020
Government, Business

Trade Deficit Falls to $63.9 Billion in September

The U.S. trade deficit fell in September after hitting a 14-year high in August as exports outpaced imports.

Matt Ott | Associated Press
November 4, 2020