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.
Walmart’s Challenger to Amazon Prime Will Launch Sept. 15
Walmart Inc.’s answer to Amazon Prime finally has a launch date.
Tesla to Sell up to $5 Billion of Shares After Stock Surge
Tesla Inc. plans to sell as much as $5 billion of shares, capitalizing on its high-flying price and on a recent stock split that made it more accessible to individual investors.
Diesel Jumps 1.5¢ After Hurricane Laura Ravages Gulf Region
The price of diesel jumped by 1.5 cents nationwide to $2.441 a gallon, the Energy Information Administration reported Aug. 31, as much of the nation’s oil exploration and refining capacity was shut down because of two severe-weather events.
Tesla, Apple Stocks Surge After Splits Become Effective
Already plumped up by big rallies in 2020, stocks for Apple and Tesla popped again Aug. 31, surpassing record highs after the companies' stock splits took effect.
Delta, American Join United in Dropping Most Change Fees for US Trips
This could be the final boarding call for the $200 ticket-change fee that has enraged so many U.S. airline travelers over the past decade.
Ford Ends Ventilator Production After Making 50,000
Ford is ending production of ventilators and returning the factory where they were built to full-time auto-parts output after completing delivering 50,000 ventilators to the government.
Female Truckers Start Cross-Country Trip to Honor Women’s Suffrage
WASHINGTON — A team of female truck drivers started a westward journey Aug. 31 to honor the legacy of the first woman who voted.
Amazon’s Boler Davis in Mix to Become First Black Logistics Chief
When Alicia Boler Davis was elevated to Jeff Bezos’ vaunted S-Team leadership council earlier this month, she became the first Black executive to enter Amazon .com Inc.’s upper ranks — and a candidate to run the company’s far-flung logistics empire.
Vast Grid Damage Will Leave Some Laura Victims in Dark for Weeks
Parts of Louisiana will be without power for weeks after Hurricane Laura caused “catastrophic” damage to the region’s grid, mangling steel transmission towers and snapping utility poles as if they were twigs.
Idelic Updates Suite of Safety Tools, Unveils Performance Dashboard
Idelic, a data and analytics firm that focuses on crash prevention, announced the release of its next generation of fleet insight tools along with a new performance dashboard.
August 31, 2020