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.
Port Manatee Gains Approval for Expansion
Manatee County Port Authority approved a construction contract for an $8.3 million project to nearly double the size of Port Manatee’s dockside container yard.
August 3, 2020Brake Suppliers Invest in Sensing Technology
Integrating braking systems with sensors and telematics can enable more timely maintenance, reduce unplanned downtime and optimize component life while supporting “brake health.”
UPS Readies Freezer Farms to Store Virus Vaccine When Approved
UPS Inc. is building two giant freezer farms capable of super-cooling millions of vials of a COVID-19 vaccine, preparing for the day when it will need to deliver the medicine at high speed across the globe.
Lawmakers Highlight Supply Chain Concerns Amid Pandemic
House lawmakers recently pointed to the need for enhancing the manufacturing environment for products and equipment to avoid future disruptions along supply chains affected during the coronavirus pandemic.
Electric Car Startup Fisker Misses Deadline for Supply Deal With VW
Fisker Inc. missed a self-imposed deadline for a technology-sharing deal with Volkswagen AG that the electric-vehicle startup had described as key to cutting costs.
Noble Corp. Files Bankruptcy to Erase $3.4 Billion of Debt
Offshore drilling contractor Noble Corp. filed for bankruptcy with a plan to cut more than $3.4 billion of debt.
United Air Pivots to Leisure Routes in Modest Schedule Boost
United Airlines Holdings Inc. will boost flights modestly in September as it resumes service on more than 25 international routes.
Penske Truck Leasing Introduces Mobile Remote Service Check-In
Penske Truck Leasing has introduced a remote service check-in through a mobile app upgrade, the company announced July 27.
July 31, 2020Universal Posts Lower Profit, Declining Revenue in Q2
Universal Logistics Holdings reported July 30 that net income and revenue were down during the second quarter compared with last year.
GM to Build Nationwide EV Charging Network
General Motors Co. is working with electric-vehicle charging operator EVgo Services to build a nationwide fast-charging infrastructure.