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.
Tesla Reopens California Plant, Says It Has Alameda County’s Approval
Tesla Inc. told employees that a California county health official has now signed off on safety measures the company took last week at its car plant as it restarted production in defiance of the area’s shutdown order.
Groups Propose Tweaks to FEMA Infrastructure Resilience Guidance
Stakeholders largely supportive of a new disaster mitigation program at the Federal Emergency Management Agency call for tweaking aspects of its proposed guidance.
DTNA Launches E-Commerce Platform to Replace Pinnacle Parts
Daimler Trucks North America announced the launch of Excelerator, its next-generation e-commerce platform to streamline the parts-ordering process that included input from more than 40 dealer partners to its design.
May 18, 2020Uber Cuts 3,000 More Jobs, Closes Offices Amid Pandemic Revamp
Uber Technologies Inc. eliminated an additional 3,000 jobs May 18, is closing dozens of offices worldwide and is shutting down many side projects in an effort to weather the coronavirus pandemic that has devastated the ride-hailing business.
US Trailer Orders Hit 30-Year Low in April
U.S. trailer orders in April fell to a 30-year low amid severe recessionary pressures, FTR reported.
FedEx, Microsoft Join Forces for Package Shipping
FedEx Corp. and Microsoft Corp. are teaming up to provide commercial shipping customers with early warnings of delays from weather, traffic and other mishaps, giving the courier and the software maker another weapon as each competes with Amazon .com Inc.
Chinese Oil Demand Is Almost Back to Pre-Virus Crisis Levels
Chinese oil demand is all but back to levels last seen before Beijing imposed a national lockdown to fight the coronavirus outbreak, according to people with inside knowledge of the country’s energy industry.
May 18, 2020Stocks Rise With Weak Data Set Aside; Oil Jumps
U.S. stocks rose as traders looked past trade jitters and weak economic data. Treasuries fell. Oil jumped.
Slump at US Ports Continues in April
The slump at the nation’s ports continued in April as 20-foot-equivalent container (TEU) volumes were down, in some cases by double digits when compared with 2019.
California Agency Approves $17.4 Billion for Highway Projects
The California Transportation Commission recently approved $17.4 billion to support about 900 projects outlined in the State Highway Operation and Protection Program.