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.
Yandex, Uber to Spin Off Self-Driving Cars Into New Company
Yandex NV and Uber Technologies Inc. will spin off the self-driving car unit of their joint venture into a separate company, giving Yandex more control over the businesses and paving the way for new investors.
RLS Expands National Network With Gress Refrigerated Services
RLS Logistics took another step in growing its national network of cold storage providers Sept. 4 with the inclusion of Gress Refrigerated Services & Logistics.
September 4, 2020Oil Sinks With Equities on Wavering Hopes for Demand Pickup
Oil tumbled below $40 a barrel for the first time in a month, with a sell-off in equities and a stronger dollar exacerbating demand concerns as a lackluster summer driving season draws to a close.
Musk Test-Drives VW Electric Car in Meeting With CEO Diess
Before Tesla Inc. CEO Elon Musk returned to the U.S. after a three-day visit to Germany, he made a final stopover to meet with one of his biggest competitors — Volkswagen AG CEO Herbert Diess.
American Trailer Rental Group Expands in Columbus, Ohio
American Trailer Rental Group announced it opened a First in Trailer Service location in Columbus, Ohio, citing economic expansion as well as the rich manufacturing and distribution history of the greater Columbus area.
September 4, 2020Kansas DOT Opens Application Window for Cost Share Program
The Kansas Department of Transportation is accepting applications for its popular Cost Share Program, which provides funding for transportation projects.
Tesla Rout Extends to Fourth Day, Longest Streak Since March
Tesla Inc. fell as much as 4.2% in early Sept. 4 trading, heading for its first four-day losing streak since pandemic fears were at their height in mid-March.
Old Dominion Provides Q3 Update
Old Dominion Freight Line Inc. announced updates for the third quarter.
September 4, 2020Unemployment Rate Drops by More Than Expected to 8.4%
The U.S. labor-market rebound extended for a fourth month in August, offering hope that the economy can continue to recover despite a persistent pandemic and Washington’s standoff over further government aid to jobless Americans and small businesses.
Circle Logistics Begins Posting Loads on NextLOAD
Freight broker Circle Logistics has begun posting up to 600 available freight loads daily directly to NextLOAD.
September 4, 2020