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.
Nikola Secures Order From Republic Services for at Least 2,500 Vehicles
Nikola Corp. announced it received a minimum order for 2,500 heavy-duty electrified refuse trucks from Republic Services Inc. that could expand to 5,000 over the life of the agreement.
Fiat Chrysler Calls GM’s Bribery Allegations ‘Preposterous’
Allegations by General Motors that Fiat Chrysler Automobiles bribed union officials are “preposterous” and read like a script from a “third-rate spy movie,” FCA lawyers wrote in court documents filed Aug. 10.
Hydrogen Cars a Step Closer in Sydney After Hyundai Supply Deal
Hydrogen-powered vehicles could soon be more common on the streets of Australia’s biggest city after Hyundai Motor Co. reached a supply deal for the zero-emission fuel with local producers.
Mall Operator Weighs Empty Spaces as Amazon Centers
Mall operator Simon Property Group Inc. has been in talks with Amazon .com Inc. to turn some empty store space formerly occupied by anchor tenants such as J.C. Penney Co. Inc. and Sears Holdings Corp. into Amazon fulfillment centers, Dow Jones reported, citing people familiar with the matter.
USPS Overhaul Challenged by Democrats
The U.S. Postal Service overhauled its organizational structure, as Democrats called for an investigation into whether the changes implemented by President Donald Trump’s postmaster general pose a threat to mail-in ballots for the November election.
Trump Allows Some Unemployment Pay, Defers Payroll Tax
BEDMINSTER, N.J. — Seizing the power of his podium and his pen, President Donald Trump on Aug. 8 moved to bypass the nation’s elected lawmakers as he claimed the authority to defer payroll taxes and extend an expired unemployment benefit after negotiations with Congress on a new coronavirus rescue package collapsed.
Ringleader Pleads Guilty in Connection With Staged La. Accidents
The ringleader of a New Orleans-area group that staged accidents with unsuspecting tractor-trailer drivers has pleaded guilty for his role in the conspiracy.
Americold Posts Q2 Gains in Earnings, Revenue
Americold Realty Trust reported improved net income and revenue for the second quarter.
XPO Connect Adds Functions Inspired by COVID-19 Trends
XPO Logistics added last-mile capabilities to its digital freight platform in response to consumer trends since the coronavirus pandemic began, the company said Aug. 5.
August 7, 2020Mnuchin Says Trump to Take Executive Action as Stimulus Talks Stall
Treasury Secretary Steven Mnuchin said he’ll recommend President Donald Trump move ahead with executive action on unemployment aid, evictions and student loans after another round of negotiations with Democrats on a virus relief plan ended without any agreement.
August 7, 2020