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, Technology, Autonomous

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.

Ilya Khrennikov | Bloomberg News
September 4, 2020
Business, Logistics

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, 2020
Government, Business, Fuel

Oil 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.

Andres Guerra Luz | Bloomberg News
September 4, 2020
Business, Technology, Fuel, Autonomous

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.

Christoph Rauwald | Bloomberg News
September 4, 2020
Business, Equipment

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, 2020
Government, Business

Kansas 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.

Eleanor Lamb | Staff Reporter
September 4, 2020
Business, Technology, Autonomous

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.

Kristine Owram | Bloomberg News
September 4, 2020
Business, Top 100

Old Dominion Provides Q3 Update

Old Dominion Freight Line Inc. announced updates for the third quarter.

September 4, 2020
Government, Business, Safety

Unemployment 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.

Reade Pickert | Bloomberg News
September 4, 2020
Business, Technology, Logistics

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