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.
FAA Spells Out Design Changes Needed in Grounded Boeing Jet
Federal regulators on Aug. 3 outlined a list of design changes they will require in the Boeing 737 Max to fix safety issues that were discovered after two deadly crashes that led to the worldwide grounding of the plane.
DOT Funds Four New University Transportation Centers
The U.S. Department of Transportation announced $4.9 million in funding has been awarded to support four new University Transportation Centers.
YRC Posts Q2 Declines
Losses at YRC Worldwide Inc. widened in the second quarter amid the economic fallout of the COVID-19 pandemic, but the company said federal loans it received under coronavirus relief efforts will help position it to emerge healthier from the downturn.
Ford to Promote Farley to CEO After Hackett’s Failed Turnaround Bid
Ford Motor Co. will promote Jim Farley to CEO on Oct. 1 to replace Jim Hackett, who has elected to retire after his three-year bid to turn around the automaker failed to gain traction.
Average Price of Diesel Continues to Linger in $2.40s
Diesel fell for the third consecutive week, by three-tenths of a cent to $2.424 a gallon.
Oil Rises With Signs of Economic Recovery Buoying Demand
Oil rose the most in nearly two weeks as economic data from the U.S. to Europe and Asia signaled a flicker of life in languishing demand.
HDMA President, COO Tim Kraus Plans to Retire
Heavy Duty Manufacturers Association President Tim Kraus plans to retire early next year, the organization announced Aug. 3.
Smithfield Goes On Defensive Over COVID-19 Response
Smithfield Foods Inc. is defending its efforts to keep employees safe and supply food to the nation during the coronavirus pandemic.
GM Alleges Fiat Chrysler Spent Millions to Bribe UAW Leaders
General Motors is asking a federal judge to reconsider his dismissal of a lawsuit against Fiat Chrysler based on new allegations that FCA bribed union and GM officials.
Patriot Transportation Posts Net Profit on Lower Revenue for Fiscal Q3
Patriot Transportation Holding posted an increase in net income on declining revenue for its fiscal third quarter, the company reported July 29.